Romanian business association Concordia drafts 20-point economic recovery plan

Romanian business association Concordia published on December 18 a 20-point plan to relaunch the Romanian economy in 2026 by eliminating taxes and extending tax credit to companies, encouraging corporate lending by pension funds and banks under looser regulations, extending more corporate grants from national and EU budgets, training the workforce under better public-funded schemes and investing more in infrastructure – all these under a stable and predictable fiscal framework, ideally without increasing the budget revenues.

The first of the 20 points of the plan regards eliminating the minimum income tax (IMCA) and keeping the flat income tax rate (as opposed to progressive taxation recommended by the IMF and a practice in most countries).