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Under the pressure of the crisis, the Executive and the National Bank have passed measures meant to encourage economic activity. Therefore, the National Bank of Romania has reduced the monetary policy interest rate from 9.5% to 9% and the institutions' rate of minimum compulsory reserves applicable to hard currency liabilities from 40% to 35%. These measures, which reflect the National Bank's concern with the degradation of the economic situation, are possible because it is efficiently controlling inflation, experts believe.

If the National Bank of Romania wants to boost the economy by cutting interest rates on loans, the government is trying to save those companies which the crisis, and not their own faulty policies, has prevented from paying their debts to the state.Prime Minister Emil Boc explains: "We support these companies in the following way: we postpone the payment of outstanding fiscal obligations for a 6-month period, on condition they pay their debts for the current month. The facility they benefit from is that they are not subject to forced execution on account of their debt to the state budget caused by the crisis; what they have to do is pay their monthly obligations. "

The government also intends to negotiate with the IMF and the European Commission a new facility for the companies that hire unemployed people; the facility consists of reducing by half the social contribution they have to pay for these people.

Contact

Noi suntem contabilii si consultantii fiscali care va ajuta sa va indepliniti obiectivele.

  • Padova (Italia)
         Str. Montà n. 106
    Tel. (+39) 3486908777
  • Galati (Romania)
         Str. Al. Lapusneanu n. 18
    Tel. (+40) 236435321
    info()smart-project.ro

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