Govt: 90 pct of state-owned companies’ profit to reach the state budget

Companies running mainly or completely on state capital will transfer 90 percent of the annual profit to the state budget, the Government decided on Wednesday.
Prime Minister Emil Boc said these companies had to transfer only 50 percent of their profit to the state budget, according to the previous regulations.

Moreover, all these companies will have to operate 20 percent cuts in the goods and services spending, other than those related to the production process, the premier said. These companies are also forbidden to purchase cars or furniture, according to the Government’s decision.

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