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Holiday Tickets To Hike Romania’s Budget Spending – SMEs Officials

Holiday tickets for employees are a most welcome measure, except for the fact that it breaches the government’s promise to cut spending, officials of small and medium-sized companies in Romania said Friday.
Holiday Tickets To Hike Romania’s Budget Spending – SMEs Officials
27 feb. 2009, 13:26, English

“We are not sure it was necessary to increase budget spending just to help companies in the tourism industry. Introducing holiday tickets implies a budget effort of 0.35% of the GDP, nearly double the amount allocated to the SMEs Ministry to support all small and medium-sized companies,” said Ovidiu Nicolescu, head of the National Council for Private SMEs in Romania, or CNIPMMR.

He said employees should have to contribute with 15% to 20% of the tourism package as well.

“If the employers have to make this effort, the employees should contribute as well. It doesn’t seem fair that only the employers have to sustain these expenses, the employers should contribute with 15-20% as well,” Nicolescu.

The Romanian government approved last week the introduction of holiday tickets for employees and set their value at up to six gross minimum wages a ticket.

However, only companies that reported profit for the previous fiscal year are allowed to grant holiday tickets to employees.

Employers cover the entire amount of the tickets.