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December 3, 2021

PM Grindeanu: Insolvency seems to have become national sport; I asked relevant authorities to come up with analysis

Prime Minister Sorin Grindeanu has asked the Finance Ministry and the National Tax Administration Agency (ANAF) to come up, by May 15, with a careful analysis of the state of affairs over the past years regarding the filings for insolvencies so as to draw up measures that will lead to a decrease in what he said seems to have become a national sport.

“The 14 measures have been implemented; what interests us in the period immediately ahead is the legislative framework related to taxation […] We have to make a very careful analysis of what currently seems to become a national sport, namely many companies filing for bankruptcy. That does not concern the now, but the past years and the failure to get out of it. A very careful analysis has to be conducted in this area, and I asked the Finance Ministry and ANAF to come up with measures to improve things so that what I called a national sport, and I guess the chairman said the same, no longer be practiced, and they have to do so by May 15, a deadline we agreed upon together. There are very many assets, very many things frozen for the duration of the bankruptcy process. […] I want this analysis to be done carefully, and the analysis as well as the measures should be unveiled to me and the Government before May 15,” said Grindeanu.

Grindeanu’s statement came after a meeting with Agriculture Minister Petre Daea and the ministry’s headquarters in response to media question about what he asked ANAF and the Finance Ministry to do at a government’s meeting on Thursday.

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