Ponta: We are slowly going towards the VAT reduction in other food products

Photo credit: (c) Alex TUDOR / AGERPRES PHOTO

Prime Minister Victor Ponta in Timisoara (western Romania) on Thursday said that the Government wanted to expand the agri-food product range for which to reduce the value-added tax (VAT), the decision going to be made after the assessment in autumn on the effect of the VAT reduction for bread.

'We have reduced the VAT for bread and in September we want to see the effects, which, from my point of view, are beneficial. We are slowly going towards other agri-food products, vegetable, fruit, bio and traditional products and meat, because this way we reduce evasion and we increase competitiveness,' the Prime Minister said.

Victor Ponta also said that he wanted to see the important economic investments of the private sector of Romania, supported both from European funds and from national programmes, seeing them developing and creating jobs.

'Our job in the Government is to facilitate the employment of European money. We can improve the infrastructure and have the money to make further investments in the road infrastructure and of other kinds,' Victor Ponta said.

The chief of Government mentioned that 'Traian Vuia' International Airport of Timisoara was the only one in Romania which remained under the Transports Ministry and that it should go under the local administration coordination in order to also benefit from European funds for an additional development.

Ponta said that he was looking forward to the date of July 1, when the tax exemption for the reinvested profit came into force.

'Everyone is looking forward, with me first, to the positive outcome of the final negotiations of June with the European Commission, the IMF and the World Bank, to know not if we reduce the social insurance contributions, because...

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