The new Government’s announced tax changes that are directed against the business environment and represent a real danger to the stability and predictability of economic policies, representatives of the Romanian – German Chamber of Commerce and Industry (AHK Romania) argue in a Friday release.
“The proposed fiscal model is harmful to Romania and at the disadvantage of all companies, be they national or multinational, resulting in loss of investment attractiveness for German companies. The announced measures will have direct negative effects not only on the companies, but on Romania’s population as well. In the medium term these measures could lead to job and investment cuts, which will bring about other negative consequences, for instance the exodus of highly skilled workforce, a tendency that has already taken its toll on Romania,” the document reads.
According to the representatives of German investors in Romania, making a difference between Romanian and foreign or multinational companies is an error that benefits no one.
“German companies are an integral part of the Romanian economy. They are also well integrated into national, regional, local systems and have a decisive contribution to gross added value, but also to increased competitiveness through know-how transfer. They massively invest in employee training, in research and development, often in cooperation with national research institutions, but also in the company’s technological development. About 7,500 companies running on German capital are active in Romania, representing an important employer that made a decisive contribution to creating and ensuring jobs in Romania,” the release underscores.