European Commission urges Romania to correct its deficits, strengthen tax compliance and governance of state-owned enterprises

Sorin Melenciuc 05/06/2019 | 16:40

The European Commission recommends Romania to correct the significant deviation from the adjustment path toward the medium-term budgetary objective, strengthen tax compliance and corporate governance of state-owned enterprises, safeguard financial stability and ensure that legislative initiatives do not undermine legal certainty.

The report released on Wednesday includes recommendations on the 2019 National Reform Programme of Romania and delivers a Council opinion on the 2019 Convergence Programme of Romania.

The EU Executive branch recommends that Romania take action in 2019 and 2020 to:

  1. Ensure compliance with the Council recommendation of XX June 2019 with a view to correcting the significant deviation from the adjustment path toward the mediumterm budgetary objective. Ensure the full application of the fiscal framework. Strengthen tax compliance and collection.
  2. Safeguard financial stability and the robustness of the banking sector. Ensure the sustainability of the public pension system and the long-term viability of the second pillar pension funds.
  3. Improve the quality and inclusiveness of education, in particular for Roma and other disadvantaged groups. Improve skills, including digital, notably by increasing the labour market relevance of vocational education and training and higher education. Increase the coverage and quality of social services and complete the minimum inclusion income reform. Improve the functioning of social dialogue. Ensure minimum wage setting based on objective criteria, consistent with job creation and competitiveness. Improve access to and cost-efficiency of healthcare, including through the shift to outpatient care.
  4. Focus investment-related economic policy on transport, notably on its sustainability, low carbon energy and energy efficiency, environmental infrastructure as well as innovation, taking into account regional disparities. Improve preparation and prioritisation of large projects and accelerate their implementation. Improve the efficiency of public procurement and ensure full and sustainable implementation of the national public procurement strategy.
  5. Ensure that legislative initiatives do not undermine legal certainty by improving the quality and predictability of decision-making, including by appropriate stakeholder consultations, effective impact assessments and streamlined administrative procedures. Strengthen the corporate governance of state-owned enterprises.
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