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December 7, 2021

Zero tolerance for failing to pay invoices needed

The business environment demands a legislation that will no longer be lenient to the non-payment of invoices and contract debts, a measure that could substantially increase the incomes to the budget, the president of the Businessmen’s Association of Romania (AOAR), Florin Pogonaru said during a seminar organised by Ziarul Financiar, Mediafax informs. According to the AOAR official, the gravest problem of entrepreneurs, second after the economic crisis, is the failure to pay invoices, along with the stoppage of crediting by banks or the delays in refunding the VAT by the state. The statements were made in the context of a debate on the cheque as instrument of payment and the problems encountered in day-to-day life, more precisely cheats with void cheques. In his turn, Justice minister Robert Cazanciuc, who attended the event, said that he is open to proposals and dialogue on improving the legislation of cheques as means of payment, as he notices the real need of the society to secure guarantees for payments. At the beginning of the debate, BNR deputy governor Bogdan Olteanu said that the Central Bank, jointly with authorities, must find mechanisms that will once again bring legal and economic realities hand in hand, in order to avoid payment blockage situations in the market. Entrepreneurs, the representatives of banks and of the legal environment consider the cheque as a useful instrument that must be kept in the future too, but with stricter regulations that will prevent cases of fraud.

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