PD-L and PSD come up with 32 anti-crisis measures

The ruling Democratic Liberal Party (PD-L) and Social Democratic Party (PSD) coalition have agreed on a package of 32 anti-crisis measures, announced yesterday by representatives of the two parties. PSD’s President, Mircea Geoană, said that of the 32 measures agreed upon yesterday, 15 are meant to boost the economy, nine target an increase in budget revenues, six are meant for cutting public expenditure, and two are should raise monetary liquidity in the banking sector.

However, the business environment is skeptical about these measures, because the authorities have presented no document and no complete project that could go into effect immediately. Moreover, the application regulations will appear in 60 days.

“A series of solutions were presented verbally. [...] The government wants to apply these as of September, but in order to do this one needs a written document that goes into effect rapidly. Plus, we need to see the regulations. In these we will see exactly what is to be applied, where, and how,” the Secretary General of the Association of Romanian Businesspeople (AOAR), Cristian Pârvan, told Business Standard.