nr. 20, May 2007

The Regulatory Framework witnessed in May a number of interesting evolutions. The most amazing was the promulgation of the set of laws on fiscal amnesty, capital legalization and the reform of income tax system for companies. The Government has approved the Regulation on granting guarantees and compensations to employees combining work and education. The governmental intentions are rather clear and welcome, but the Regulation providing for compulsory granting of such guarantees and compensations for all economic units notwithstanding their ownership type and legal organization form could be actually ignored by the private companies.