Romania has a fiscal risk close to the European Union's average and half of Greece's risk, according to the “Tax reforms in EU Member States 2011” report conducted by the European Commission (EC).

For Romania, the indicator calculated by the EC stands at 0.54 points, slightly above the EU average of 0.51 points. Greece displays the highest fiscal risk in the EU, 1.02 points, followed by Italy with 0.88 points.

In Central and Eastern Europe, Bulgaria has the lowest tax risk with only 0.08 points, while in Hungary it is the highest, of 0.82 points. Poland and the Czech Republic are below the EU average with 0.48 points, and 0.32 points respectively.

See the entire “Tax reforms in EU Member States 2011” here.

Irina Popescu, irina.popescu@romania-insider.com

(photo source: Sxc.hu)