The decision was made following discussions with Bucharest Stock Exchange (BVB) representatives concerning ways in which to encourage investments on the Romanian stock exchange. “As there are only a few thousand investors on the market, the budgetary effort will not be major,” said Vosganian.

The state currently taxes stock exchange income at 16 and 1 percent respectively for short (less than 12 months) and long-term investments (over 12 months).