Financial Times: Romania shocks investors with bank and energy tax plans

Romania’s government announced a swath of corporate taxes as part of a plan to raise 10 billion lei (€2.1bn) to address a budget deficit, sending the country’s stock market plummeting, energynomics.ro informs. The measures are being introduced to try to ease a budget shortfall and keep Romania within the EU’s fiscal rules, which allow a deficit of 3 per cent of gross domestic product. The deficit was 2.2 per cent at the end of ...

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