BR Exclusive. MAJOR update: Classification of firms in Romania could be changed from scratch based on classes

The minister of finance, Eugen Teodorovici, says that firms could be classified on risk classes depending on their relation to the state and the business partners.

Teodorovici suggested that the current classification of large, medium and small firms could be changed based on risk profiles.

“We want a different way to classify firms,” said the minister during BR’s Country Focus Community Forum.

“We have to treat them after their fiscal treatment towards the state and the business partners. You can be in category A if you respect this, and you can get a different treatment from banks. Type A are models in relation to the state and the business partners,” said the minister.

In the case of large and medium classes the classification will be A, B and C. For smaller firms A and B.