UPDATED/ Iohannis: PSD's so-called tax reform has generated uncertainties that could affect investor confidence

President Klaus Iohannis said on Wednesday that the so-called tax reform approved by the Social Democratic Party (PSD), major at rule, has generated uncertainties that could affect investor confidence.

"There is a series of worries with the business community over the so-called tax reform imposed by the PSD. These are measures that have generated uncertainties that could affect the confidence of investors, which is also reflected in the economy of your county," Iohannis told a debate called "The Cities of Romania 100 years from the Greater Union. A smart future for Ploiesti," organized at the Oil and Gas University of Ploiesti, Prahova County.

He added that Prahova is a prosperous region, which is reflected in one of the highest Gross Domestic Products (GDP) in Romania, of 26.3 billion euros.

Iohannis pointed out that Prahova County has attracted foreign direct investment of 2.1 billion euros, which ranks it third nationwide, adding that it is a notable result generating optimism. He said unemployment in Prahova is 3 percent, much below the national average.

"Here, in Prahova, you have all the preconditions for high standards of living. The city of Ploiesti is today one of the most dynamic industrial and logistic hubs in Romania, and that is what explains its ambition to become a smart city where all resources are used for increasing the quality of life of its citizens, a city similar to what we admire elsewhere in Europe and the rest of the world. (...) A smart city is an attractive place to live and work, a community that makes it easier for people to access modern and high-quality public services. The concept of smart city also means (...) a more active involvement of the citizens in local government and community life," the...