Raiffeisen Bank representative: the government will not be able to escape the fiscal increase, irrespective of its political color

Luni, 17 noiembrie 2008, 13:41 English | Top News

Financial analysts within the Financial - Banking Analysts Association, present in a seminar in Bucharest discuss the impact of the international crisis on Romania's economy, Dan Popa informs in his blog. They declared that 2009 will bring about an increase in taxes. BCR chief economist Lucian Anghel declared that at least the unique quota will increase while Interamerican director Radu Craciun declared that 2009 will be a correction year.

He added that both the government and the central bank need to make their presence felt as smoothly as possible. Intercapital president Razvan Pasol added that if Romania's economy proves innefficient, we could expect an increase in taxes.

The same opinion was put forward by Raiffeisen Banks' chief economist Ionut Dumitru. He added that the decision to reduce Romania's rating was not based on economic grounds even though some economic policies were mistakenly implemented.

According to experts, Romania's economy deals with a trust crisis within Europe. However, Dumitru declared that it will take one year or more to stabilize the market. His opinion was reinforce by Intercapital Invest president Razvan Pasol who declared that 2009 will be a tough year but afterwards the market will soon recover.