Prime Minister Victor Ponta said Wednesday, after meeting visiting Vice-President of the European Commission for Euro and Social Dialogue Valdis Dombrovskis that the last three years provide courage and optimism for Romania being able to achieve its target of joining the Eurozone.
‘This is an ambitious objective entailing sustained efforts and the involvement of public institutions, the governor of the National Bank of Romania, Romania’s President, Government and Parliament, as well as the effort of the entire Romanian society, in the economic and social areas so that Romania may be truly able to be a strong member of the Eurozone and withstand competition in the Eurozone. The last three years have provided courage and optimism that we can achieve the objective,’ Ponta sad at the Government House.
He assured the European Commission and all the international partners that the Government he leads pledges to meet all the obligations related to accession to the Eurozone, saying that in the end they are in Romania’s favour as they are obligations related to budgetary balance, the earmarking of all stimulus for economic growth in a rational way, as well as to medium and long-term macroeconomic policies.
‘And I also want to assure our European partners and the Romanian society that each measure we have taken was a sustainable measure able to support the balanced development of Romania,’ said Ponta.
Ponta mentioned in the context a cut in the social security contributions as well as the incoming cut down to 9 per cent in the Value-Added Tax (VAT) for all foods as from June 1.
‘Equally true is the fact that even with an average 3-per-cent economic growth, which is good when seen against the rest of the EU, Romania is far from achieving the average economic and social standards of the EU. So, we have to speed up to bridge the gaps,’ said Ponta.
European Commission’s Dombrovskis voices concern over Gov’t plans to amend Tax Code, cut VAT
Visiting European Commission Vice-President for the Euro and Social dialogue Valdis Dombrovskis said on Wednesday, at the Victoria Palace of Government, that he laid out to Premier Victor Ponta a series of concerns over the Government’s plans to amend the Tax Code and substantially cut the Value Added Tax.
I presented to Premier Victor Ponta a series of concerns over the Government’s intention to amend the Tax Code and substantially reduce the VAT. In the Commission’s opinion, this measure will have a significant negative fiscal effect. Also, the measure is not in line with the Commission’s general recommendation regarding the tax policy. Our recommendation is to pursue easing the tax burden on labor and particularly on poorly paid labor, and not targeting taxes with a direct impact on economic growth and consumption, said Dombrovskis.
MinisterAurescu, EC Vice-President Valdis Dombrovskis discuss Romania’s cooperation with the new European Commission and the economic and social priorities of the EU
Romanian Foreign Minister Bogdan Aurescu and European Commission Vice-President for the Euro and Social dialogue Valdis Dombrovskis discussed on Wednesday Romania’s cooperation with the new European Commission and the economic and social priorities of the EU, informs a Foreign Ministry release to Agerpres.
“Bogdan Aurescu expressed appreciation for the commitment of the new European Commission towards measures intended to stimulate economic growth and labor employment, as both further pose major challenges to the European Union and its citizens. At the same time, the Romanian Minister welcomed the European Commission’s open approach to engaging in a deep-level dialogue with member states in connection with subjects of concern to their citizens, with a view to forging EU-wide solutions to address these concerns,” the cited source said.
In respect of the unfolding of the European Semester, aimed at promoting structural reforms and maintaining macroeconomic balances in member states, Aurescu expressed “appreciation for the European Commission’s actions to streamline the exercise and support member states achieve the common sectoral goals committed to under the Europe 2020 Strategy.”
At the same time, Bogdan Aurescu presented the progress made with the implementation of the 2014 Country-specific recommendations (CSRs) and the process of defining the reform goals to be included in the future National Reform Program to be further submitted to the European Commission during the 2015 European Semester.