businessmen

Romanian Businessmen Association AOAR asked the government and the Finance Ministry to draft a fiscal strategy for at least 3 years, saying that the government’s contradictory statements on various fiscal measures in 2009 and 2010 are confusing for the business environment.

The international financial turmoil could trigger layoffs in Romania, as local companies are already revising their costs and staff structure, but some companies, especially the market leaders, could take advantage to create new business opportunities, according to the country’s businesspeople.