AREI: Tax changes can cost gov't RON 7bl 

The suggested tax changes affecting real estate development and the construction industry may lead to losses of RON 7 billion in annual government revenues, equivalent to a decrease in business volume by 10-12%, according to a press statement of the Association of Real Estate Investors in Romania (AREI).In a letter submitted to the Romanian government, AREI says that the decrease will speed up the contraction of the domestic real estate market, as the ...

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