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Vladescu: We do not discuss fiscal incentives for stock exchange investors

The Bucharest Stock Exchange (BVB) could become the financing instrument of Romanian economy, although stock exchange investors will not benefit from fiscal incentives, according to Public Finance Minister Sebastian Vladescu.

'The Public Finance Ministry will support BVB to become the financing instrument of Romanian economy. We are not discussing fiscal incentives here. I stick to my position with respect to the fact that investors must be equal in relation to the taxation system. As long as we have a flat rate, it is good for us to stay in this system,' the Finance Minister told BVB on Tuesday.

The stock exchange closed last year with a net profit amounting to 6.8 million lei (1.6 million euros), down by 40 percent compared with 2008, according to preliminary data. The revenues of market operators dropped 30 percent, down to 22 million lei (5.19 million euros), while expenditures dropped 27.4 percent.

Public Finance Minister Sebastian Vladescu on Tuesday opened the trading session at the Bucharest Stock Exchange. The above-mentioned event is part of the programme initiated by BVB under the name Personalities Open Stock Exchange.

Sursa: http://www.newsin.ro

Tags: exchange stock investors incentives fiscal vladescu bvb

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