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Businesspeople intensify criticism of Goverment

13.05.2010, 20:11 11

Businesspeople, who believe the measures announced by theauthorities to be long overdue, say they cannot comprehend why theGovernment does not stop wasting money on public procurement andsay any further delay in implementing measures agreed with the IMFwill only create the premises for tax hikes in autumn.

"It would have been much better if public sector workers'salaries had been cut earlier, but history is not written with'ifs'. Implementation remains the big issue," believes DoruLionachescu, main partner of boutique investment bank CapitalInvestment.

Businesspeople have been harsh critics of the Government's lackof a long-term strategy amid increasingly pessimistic economicforecasts. The private sector sees a differentiation in pensioncuts as necessary.

"Dignitaries should put together coherent measures instead ofthe populist ones of donating their salary for a few months. But Ithink when it comes to cutting salaries and pensions adifferentiation needs to be made, between people who earn less than1,000 RON and those who earn more, and between pensioners whoreceive a 300-RON pension and the rest. They too need tocontribute, but less," says Stefan Poienaru, owner of AgrofarmHolding, an agricultural company with over 30 million euros inturnover.

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