The Foreign Investors Council proposes seven measures for attracting new investments

For Romania to attract more investments, it needs some improvement so, the investors propose short-term measures designed to increase the confidence and the  interest to invest locally.

The measures proposed by The Foreign Investors Council to attract investment

• to increase the transparency in the legislative process
• to create a committee to monitor how agencies and ministries implement the economic program of the Government
• rapid completion of hiring professional managers, politically uninvolved, in the management of state companies
•  creating a government agency to prioritize public investment
• The elimination of the requirement of publication the asset declarations by members of the board of directors or the supervisory boards of state companies that are not at the same time public servants. Must be kept the obligation of these governing bodies of state companies to report their remuneration as public servants.
• ensuring the regulatory distinction between the different roles of the state and specifically between the role of legislator and the role of shareholder or member
• implementation of the legal framework for bond market development

The Council includes 123 multinational companies, whose cumulative investments represent almost two thirds of the total FDI in Romania after 1990.

Source: Ziarul Financiar