ROMANIA GOVERNMENT

Romanian Prime Minister Mihai Tudose approves the fiscal changes package despite street protests and

epa06315850 Romanian Prime Minister Mihai Tudose during his cabinet meeting at the Government Headquarters, in Bucharest, Romania, 08 November 2017. The government passed today a package of fiscal changes, as government ordnance, that includes: reduction of the social contributions by two percent, reducing the income tax (excluding dividends), transferring social contributions from employer to employee. Prime minister Tudose said at the beginning of the government meeting that the government wants to introduce some very firm measures to stop outsourcing profits, referring to multinational companies. Today, before this fiscal mesaures, the Romanian currency went down compared to euro currency: one Euro equals 4.6198 RON (Romanian Leu). EPA/ROBERT GHEMENT

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