Romania adopts ‘greed tax’ despite investor concerns | 2018-12-23

Romania adopts ‘greed tax’ despite investor concerns

22nd December, 2018 09:48:51 printer

BUCHAREST: Romania’s left-wing government on Friday issued a controversial emergency ordinance imposing new taxes on banks and energy companies, despite an outcry from investors.

The package of taxes and price caps sparked a big sell-off on the Bucharest stock market on Wednesday, following a government announcement, although the measures adopted on Friday were less strict than the original proposals, reports AFP.

“We are adopting a new set of measures to increase the well-being of Romanians, the level of investment and to correct some unfair practices in the energy and banking sectors”, Prime Minister Viorica Dancila said at a cabinet meeting on Friday evening which pushed the measures through.


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