Global Romania - Offshore Outsourcing Portal
 
 

Home

New User? Register today!
Forgot your password?

SEARCH

GO

ABOUT US
DIRECTORY
SERVICES
NEWS
FORUM
JOBS

Outsourcing News : Article

Finance ministry u-turns on

Car tax lift could see old cars back in business

Varujan Vosganian, the Minister of Economy and Finance, said a punitive tax on registering old imported cars in Romania will be modified, taking into consideration the European Commission’s warning that the law breached free market rules.

The legislation introduced at the beginning of this year penalised the import of cars older than six years with large engines from western Europe.

Though the move was officially designed to protect the environment, it was viewed as a protectionist measure to ensure cheap car imports suffered in competition with sales from car makers in Romania.

Read entire article on The Diplomat

Posted: Tuesday, May 08, 2007

News : Recent Headlines

© 2008, Global Romania
Privacy Policy