New fiscal measures in Romania cause uncertainty to German companies in the country

New fiscal measures in Romania cause uncertainty to German companies in the country
"German companies in Romania consider that the measures that are about to be implemented in such a short time, their effects, and the diminishing of fiscal predictability could negatively influence, in the medium- and long-term, both the investment climate and the country's and companies’ competitiveness," the official announcement released by AHK Romania reads.

Due to the way the pre-mentioned measures were announced by the government has caused generated uncertainty to German companies in Romania. The Romanian-German Chamber of Commerce and Industry (AHK Romania) announced on Tuesday that their main fears have to do with possible extra costs, such as those active in the IT field, as well as the planning and implementation of the future fiscal policies.

According to Nineoclock.ro, "(...) the organisation considers that Romanian authorities should take the necessary measures in what concerns the development of vocational education, because the German business environment suffers from labour shortage."

German companies that have chosen to invest in Romania are some of the most important investors there and among the top employers. AHK data speak of around 7,500 German and German-capital companies active in the country which are mostly located in the counties of Timis, Sibiu, Brasov, and Clujmost and of course in capital Bucharest with over 250,000 employees.../IBNA

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