Romania’s government approved the legal framework for the setting up of sovereign wealth funds for development and investment, finance minister Eugen Teodorovici announced on Thursday.
Social security contributions will be borne exclusively by employees as of January 1, 2018, the Ministry of Public Finance says in a press release.
Over 60% of financial managers in Romania say that frequent changes of legislation is a challenge for local businesses, according to a study by GfK, the market research institute.
