8 C
Bucharest
March 8, 2021
BUSINESS

Marko Walde: “In Romania, corruption scandals last only three days”

The director general of the Romanian-German Chamber of Commerce and Industry (CCIRG), Marko Walde, claims the burden the Government places on the back of companies has grown heavier, rather than lighter, during the present crisis, “Romania Libera” reports. The latter argues the crisis in Romania could have been avoided, if the Government had reduced taxes and costs for companies, instead of hiking the value-added tax (VAT). As regards corruption, Walde claims it is crucial for companies not to give in to temptation. The difference between Romania and Germany, on this count, is that, in the latter country, the manager of a company is sentenced, in a court of law, for giving or taking bribes, the company will ask for damages and, more often than not, the culprit is facing bankruptcy and criminal fines. In Romania, the scandal is made public, it lasts one to three days, and then virtually nothing happens, even if the legal frame to make the culprits accountable exists.

Related posts

FDI up 30 pc in Q3

Nine O' Clock

Romania ranks high in CEE labour taxes’ ranking

Nine O' Clock

Isarescu: Mopping-up proves costlier than the early intervention

Nine O' Clock