fiscal measures

Romanian Prime Minister Viorica Dancila said at the beginning of Friday’s cabinet meeting that the Government will pass a decree with new fiscal measures, including a tax on banking assets depending on the ROBOR rate, a cap for natural gas prices and lower management fees for private pensions funds.

Romania’s Economic and Social Council (CES) gave a negative review on Thursday for the draft emergency decree regarding new fiscal measures announced by Finance Minister Eugen Teodorovici, CES member Dumitru Coarna confirmed for MEDIAFAX.

Romanian President Klaus Iohannis said on Wednesday that the new fiscal measures announced by the Government will have serious negative effects on the economy and was not discussed with anyone from the economic or institutional field.