Romanian Companies Complain to BNR About High Taxes and Bureaucracy


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In a survey conducted by the National Bank of Romania (BNR), the majority of companies cited fiscal problems as their main concern. High taxation levels were identified as the primary difficulty by 61% of respondents, followed by the unpredictability of the fiscal environment (56%), the high number of fees and taxes (48%), bureaucracy (48%), and mandatory regulations (33%).

The survey is carried out every six months by the NBR in March and September. In the current edition, it took place between March and April 2024.

The importance of these issues varied with company size: SMEs placed greater emphasis on the level of taxation, number of taxes, and bureaucracy, while corporations were more concerned with the unpredictability of the fiscal/legislative environment and mandatory regulations.

More than half (56%) of Romanian companies perceived a deterioration of the economic situation at the national level in the last six months, according to the results of a survey carried out by the National Bank among more than 11,000 companies.

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