Official: Romania's business community is very polarised

Romania's business community is very polarised, given that very few players are burdened with this economy and, last but not least, so is the country, Chairman of Romania's Chamber of Commerce and Industry (CCIR) Mihai Daraban said on Thursday at the Gala of the National Ranking of Companies 2024."This ranking of companies shows us, fortunately or unfortunately, the polarisation of the Romanian economy. We had 866,601 financial report submitters as of August 1 of this year, 2024. 334,870 were processed for this ranking, and on the first 10 places there are 12,897 companies, 12,870 companies that have a total business turnover of EUR 270.15 billion, or 55.14% of the total turnover from the 866,601, whose turnover is EUR 490.66 billion. We are shown once again that the business community in Romania is very polarised. There are very few players who carry this economy and, last but not least, this country. (...) For us, this top is a reflection of the Romanian economy. We draw conclusions, unlike the government - and for years we have been trying to convey to the government that they cannot create economic policies without knowing who the patients on the field, the players, are," said Mihai Daraban.He mentioned that there was "a spectacular growth, from the pandemic year 2021, to the fiscal year 2022.""There was a surge from EUR 392 billion to EUR 494 billion euros, so practically the turnover increased by EUR 102 billion. This year we have reached a plateau. It is a level that, in my opinion - leaving aside the fact that it has fallen slightly from 494 to 490.66 (EUR billion ) is a level that will last longer in the future history of Romania. I don't see any spectacular things, I don't see something wow that will increase this turnover," added Daraban.In his opinion, the business community needs lower taxation, which can be achieved against the background of decreases in public spending."We need a permissive fiscal code. Paradoxically, I know that I am embarrassed to say today that we need a reduced taxation, but this can also be achieved amidst decreases in public spending. I would like us to get to the Tax Code implemented by Victor Ponta, which was probably the most liberal Tax Code after the Revolution, but I don't know to what extent he will be able to have the power of persuasion to introduce it. In any case, we need that permissive tax legislative framework (...) We have to see what the consumer in Romania wants - and try to support - and I am glad to hear the word reindustrialisation - to bring those production entities to meet the requirements of the Romanian consumers," said Daraban. (Photo:https://www.facebook.com/)