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IMM Council asks Government not to amend Fiscal Code prior to 2020
The National Council of Private Small and Medium Companies in Romania (CNIPMMR) requests the new government predictability, stability and transparency to reach targets of the business environment by not modifying the Fiscal Code until the end of its mandate in 2020 and by stimulating investments in business incubators, scientific/technological parks and industrial parks through the National Program for Entrepreneurship Development.
CNIPMMR also asks for the setting up of a bank for small companies which should back credits and special credit programs for small entrepreneurs.
“The Council requests the de-bureaucratization of the system,”said Florin Jianu, the president of CNIPMMR.
He said the program “Digital Romania”, by which all taxes to the state should be paid online, should be implemented and risk investment funds should be set up, CNIPMMR officials consider.
“Putting into application CNIPMMR demands will have the following effects: recovering differences from other EU countries, the EU average being 60 small companies to 1,000 inhabitants; solving deficiencies in the business environment by repeated changes of the Fiscal Code and establishing a favorable climate for business (in Doing Business 2018, Romania ranks 45th, recording a drop compared to 2017, when it was 36th. In Global Entrepreneurship Index rankings 2017, 46th from 42nd in 2016)”, CNIPMMR officials say.
At present, the implementation of the Strategy for Small Company Development Horizon 2020, shows that 11 out of 31 measures were implemented: in 2014 - 6 measures; no measure was adopted in 2015 and 2016; in 2017 - 5 measures.
“The major effect would be placing Romania as the country with the most active entrepreneurship in South-Eastern Europe”, CNIPMMR representatives say.
CNIPMMR emphasizes the need to implement support measures for the business environment and small companies in particular, in 2018, according to the entrepreneurs’ real needs.
The targets of the business environment are protecting Romanian investors by backing their investment efforts and promoting their export interests, reducing unemployment among young people aged 25 and younger, from 24% at present to less than 3%.