Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Employer's federation head: Capping prices creates market distortions

Employer's federation head: Capping prices creates market distortions

September 26, 2024

  Measures to cap energy, food and third-party liability insurance policy - RCA prices do not solve the fundamental problems, but are a short-term "band-aid" that creates distortions on the respective markets, according to Radu Burnete, director of the Concordia Employers' Confederation.In his opinion, we must return to competitive markets, where prices are given by supply and demand.According to a press release the employers' association sent to AGERPRES on Tuesday, Concordia representatives participated in consultations on Monday with Prime Minister Marcel Ciolacu and members of the Government on several issues of major interest, such as fiscal consolidation in the short and long term. The meeting also discussed important measures for the business environment.The prime minister outlined the government's plans to bring the public deficit under control. Concordia representatives expressed concern about the dynamics of this plan and the risk of generating new taxes.According to the quoted source, the PM has given firm assurances, as he has done publicly lately, that there will be no tax increases and that the deficit will be kept under control by cutting spending.Concordia is a strong supporter of the National Agency for Fiscal Administration (ANAF), as an essential tool to reduce tax evasion and bureaucracy, the press release said.Other topics on the agenda of the Concordia delegation's meeting with members of the Government were: unannounced road closures, implementation of the minimum wage directive, Inspectorate for Emergency Situations (ISU) authorisations, tax credit for Research and Development, consumer protection, updating of tourism legislation and the Guarantee-Return System (SGR).

The text of this article has been partially taken from the publication:
http://actmedia.eu/daily/employer-s-federation-head-capping-prices-creates-market-distortions/110059
Read in full - click here
Romanian tennis player Jaqueline Cristian advances to Australian Open second round after tough win

Jaqueline Cristian is the first Romanian player to qualify for the second round of the 2025 Australian Open. She claimed a hard-fought victory against Croatia's Petra Martic in the first round on January 13, winning in three sets 6-2, 4-6, 7-6 (10/7). Monday's match lasted two hours and 35 minutes, according to

Romanian authorities widen Costinești beach, install new breakwaters

Romanian authorities in the seaside town of Costinești, on the Black Sea coast, have commissioned the widening of the beach to about 100 meters in width and 2.7 kilometers in length, with new breakwaters to protect against storms. In total, five breakwaters will help the resort deal with tides, currents, and waves. Moreover, after the […]

Romania resumes activity at Consulate General in Los Angeles after wildfires

The Consulate General of Romania in Los Angeles, western United States, will resume activity after authorities stated that the area is safe from further fires. Despite the return to normal, new evacuation warnings are not ruled out if the situation requires it, according to Romanian officials.  Large-scale wildfires raged through the famous city, burning down large […]

Wizz Air launches new route from Cluj-Napoca to Castellón

Low-cost carrier Wizz Air announced a new international route connecting Romania’s Cluj-Napoca to Castellón, Spain. Tickets are available on the airline’s website and mobile app, with fares starting at EUR 19.99 (RON 99). The new route will begin operations on April 11, 2025, with flights scheduled on Mondays and Fridays. Starting June 16, flights will […]

Bucharest’s National Arena hosts 43 events, generates EUR 1.2 mln revenues in 2024

Bucharest's National Arena brought in roughly EUR 1.2 million in revenue in 2024, hosting a total of 43 events, mayor Nicușor Dan announced.  The events hosted by the capital city's main arena last year included 28 domestic and international football matches, as well as three major concerts featuring globally renowned artists such as Coldplay and Ed […]

Major rally in Romania against annulment of presidential elections

Several tens of thousands of people, according to AUR estimates as many as 100,000, participated on January 12 in a rally in Bucharest organized by the nationalist party Alliance for the Union of Romanians (AUR) against the annulment of the result of the first round of the presidential elections. It was the second rally after […]