Canadians close their restaurant in Cluj-Napoca due to fiscal changes

Two young Canadian investors, who opened a restaurant, Off the Wall, in the Romanian city of Cluj-Napoca three years ago, have decided to close their business due to the Government’s frequent fiscal changes, says Romania-Insider.com.

They say the current business conditions aren’t favorable for small businesses.

Oliver Rydell, 40, moved from Alberta (Canada) to Cluj-Napoca in 2013, after visiting two trips to Romania in 2006 and 2009. In 2014, he opened a restaurant together with a Canadian friend, local Mediafax reported.

He says their business, which has 8 employees, was doing well but the fiscal changes the Government introduced starting January 1, 2018, were too brutal and have forced them to close their business. Rydell said that the taxes they had to pay for the restaurant were not based on their profit or revenues but on the surface and location, which translated into higher costs that they couldn’t afford to pay. They also had to pay extra for part-time employees.

Rydell said he would stay in Cluj-Napoca, where he got married, but that he would look for a job and not start a new business.

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Photo: PresaLocala.com

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