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Bucharest
August 17, 2022
BUSINESS

Boc: The government plans to simplify the administrative procedures needed to operate a business

Premier Emil Boc stated yesterday during the launch of the white book of Romanian SMEs that the government plans to simplify the administrative procedures needed to operate a business, so that the average length of time needed to set up a company would drop from ten days to three days at most, in line with the European Union’s recommendation, Mediafax informs.. He offered assurances that lowering the time needed to set up a company, which is one of the business environment’s demands, is on the government’s immediate agenda.

After the event the Premier was asked about Italy’s situation. He pointed out that the Romanian Government and the National Bank of Romania are carefully monitoring the economic developments in Italy, hoping that the situation will remain under control. He added that the Romanian authorities’ advantage is the fact that they “did their homework” since last year in order to ensure budgetary equilibrium and financial stability.

Economy is stable – Romania won’t call on IMF’s reserve loan

At this moment Romania has a stable economy and no additional fiscal measures are being considered, Public Finance Minister Gheorghe Ialomitianu stated yesterday while attending the launch of the “White Book of Romanian SMEs 2011,” cotidianul.ro informs. He also admitted that although any turbulence on foreign financial markets affects Romania more or less, we are not in the situation of calling on the IMF’s or the European Union’s reserve loan.

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