The Government postpones fiscal measures

Romania’s Government made the decision to postpone adopting the law that limits cash transactions and cuts interchange commissions.

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Officials will continue to discuss the measures with business representatives after the business community formulated many complaints, according to Eugen Nicolaescu, the proposed minister of Finances.

According to Nicolaescu, the project will probably be sent to the Parliament by the end of the current session.

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“The Government approved postponing the law project, per my recommendation, backed-up by the delegate minister for the Business Community, Maria Grapini. The main reason is that we’ve received many observations regarding this project. We established we will consult with the business community representatives in the near future and integrate their input”, Nicolaescu explained.