Dec. 28 (Bloomberg) -- Romania’s state-owned companies must transfer 85 percent of their profits to the state budget next year, Mediafax reported today, citing Finance Minister Gheorghe Ialomitianu.
The country’s government approved a memorandum that lowered the percentage from the profit of state-owned firms which must be transferred to the state budget from the current 90 percent, according to the Bucharest-based news service.
Romania will not increase taxes in 2012, Ialomitianu also said, according to Mediafax.
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