Not seeing a Scroll to Top Button? Go to our FAQ page for more info. The reduction of Social Security Contributions would be a breath of fresh air for the economy - Cosmin Marinescu | Cosmin Marinescu

The reduction of Social Security Contributions would be a breath of fresh air for the economy

Share

In Romania, salaries are low, while costs related to labor force are high. This is the paradox of a fiscal burden overwhelming for the labor market. That is how we can explain the anemic appetence of entrepreneurs for job creation, and for employing workers ‘formally’, without resorting to the – sometimes saving – solution of employing workers on the black market. This is why the reduction of social security contributions will have productive implications and will be a breathe of fresh air for the business environment. And such a ‘fiscal capitalization’ will be reflected by an increase in investment and job creation.

Leave a Reply

avatar
  Subscribe  
Notify of

Cosmin Marinescu