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Romania could enter economic collapse in a few months, employers' union UGIR 1903 mulls

Romania's government is the only one not to have so far taken any anticrisis measure, except for the CEC and EximBank capitalizations, which makes it liable for an economic collapse sometime in the next months, said Cezar Coraci, president of the employers' union Ugir 1903.

According to the union, the measures announced by the government are merely projects and will be implemented too late to make any difference.

"For example, enforcing the tax-exempted reinvested profits in 2010 will be too late and many companies will not make it. The anticrisis measures are made to be implemented right away," declared Coraci.

The remaining measures are actually a plan to return to normal.

"The government announced companies they would soon receive their money for the works and services provided to the state. This money is not an aid for the economic environment, but a debt the government had to pay a long time ago."

Coraci summed up by saying that is the measures proposed by the business segment are not implemented immediately, Romania will face an unprecedented economic collapse in the next months.

The economy was shaken up by the financial crisis which had a negative impact on orders and demand worldwide and forced major players in Romania to shut down doors and fire people, waiting for better times.

 

Sursa: http://www.newsin.ro

Tags: union months collapse romania economic cec

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