Romanian government drafts measures to boost economy

ROMANIA

The Romanian government is prepared to assume responsibility for several measures aimed at stimulating the country’s economy, including the tax-free reinvested profit and amendments to the law on investments, Economy Minister Adriean Videanu said Monday.

Videanu said the set of measures will translate into a budget effort of nearly 248 million lei (EUR-RON4.2238) this year. In 2010, however, they will bring additional revenues to the budget worth RON398 million.

The executive also plans to introduce a lump sum tax on activities for which fiscal evasion is difficult to assess, Videanu said.