Ascultă Radio România Actualitaţi Live

AmCham: Romania has huge potential, not fully utilized

President of AmCham Bucharest: Main shortcoming that does not stimulate investments in Romania is lack of ANAF digitization.

AmCham: Romania has huge potential, not fully utilized
Photo: facebook.com/AmChamRomania/

Articol de Radiojurnal, 23 Septembrie 2019, 16:14

Romania is tax-attractive and has huge potential, not fully utilized - says Ionuţ Simion, President of the American Chamber of Commerce in Romania.

The nearly 500 AmCham members were subjected to a study this summer which revealed that the business environment perceived the single tax system positively.

However, there are dissatisfactions with the tax legislation, which constitutes a barrier to further investments and affects the general perception about the business environment in Romania. Low attractiveness of the fiscal incentives and weak digitalization of the fiscal system are major shortcomings, states the study presented by Ionuţ Simion, President of AmCham.

Ionuţ Simion: "The main shortcoming that does not stimulate investments in Romania is the lack of digitization of the National Agency for Fiscal Administration (ANAF). In reference to the future, we have asked two questions: what are the main legislative measures to stimulate development and attracting of new investments? And the overwhelming response, 85 %, was: we want to have predictability on the fiscal measures that are being taken, and on the main measures to be adopted in the interaction with ANAF; digitization of the tax administration is a measure to facilitate both taxpayer's task and collecting more taxes on the state budget".

Source:RRA.Translated by Miruna Matei

17 banks participate in this year's edition of the New Home programme
News in English 28 Martie 2024, 18:57

17 banks participate in this year's edition of the New Home programme

Three more banks are participating in this year's edition of the New Home programme to support home purchases, bringing...

17 banks participate in this year's edition of the New Home programme
Final preparations before Romania's entry into the Schengen area with sea and air borders
News in English 28 Martie 2024, 18:55

Final preparations before Romania's entry into the Schengen area with sea and air borders

Final preparations are being made ahead of Sunday, the first day when there will be no border controls at the 17 airports and...

Final preparations before Romania's entry into the Schengen area with sea and air borders
The budget deficit reached, after the first two months of the year, almost 29 billion lei
News in English 28 Martie 2024, 18:53

The budget deficit reached, after the first two months of the year, almost 29 billion lei

After the first two months of the year, the budget deficit reached almost 29 billion lei, representing 1.67% of GDP. This is...

The budget deficit reached, after the first two months of the year, almost 29 billion lei
The draft law on the social assistance reform was adopted by the Chamber of Deputies
News in English 27 Martie 2024, 03:02

The draft law on the social assistance reform was adopted by the Chamber of Deputies

The draft law on the social assistance reform has been adopted decisionally by the Chamber of Deputies. The bill was drafted...

The draft law on the social assistance reform was adopted by the Chamber of Deputies
Ceremony marking the 200th anniversary of the Romanian Police
News in English 26 Martie 2024, 01:19

Ceremony marking the 200th anniversary of the Romanian Police

The Romanian police needs to invest in modernisation and logistics, but also to constantly adapt legislation to the evolution...

Ceremony marking the 200th anniversary of the Romanian Police
National Institute of Administration opens new courses for public administration employees
News in English 26 Martie 2024, 01:17

National Institute of Administration opens new courses for public administration employees

The National Institute of Administration is coming this year with a new course for public administration employees. They deal...

National Institute of Administration opens new courses for public administration employees
The names of the joint candidates with which PSD and PNL will participate in the local elections on June 9 "will be decided on Monday"
News in English 24 Martie 2024, 21:33

The names of the joint candidates with which PSD and PNL will participate in the local elections on June 9 "will be decided on Monday"

The names of the joint candidates with which PSD and PNL will participate in the local elections on June 9 will be decided on...

The names of the joint candidates with which PSD and PNL will participate in the local elections on June 9 "will be decided on Monday"
"By the end of the year" Cluj will supply water to Salaj
News in English 24 Martie 2024, 21:32

"By the end of the year" Cluj will supply water to Salaj

Romania's longest water main is nearing completion. It will carry water from Cluj to Salaj. The pipeline is a...

"By the end of the year" Cluj will supply water to Salaj