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PLANNED MEETINGS FOR THE FIC MEMBERS
(Please confirm your participation at: office@fic.ro)

 
TF Tourism Meeting
on Friday, 18 September 2015 at 10:00 at FIC office
 
TF Technology & Innovation meeting
on Thursday, 24 September 2015 at 16:00 at FIC office
 
TF Financial Services meeting
on Wednesday, 30 September 2015 at 16:00 at FIC office
 
TF Taxation & Accounting meeting
on Monday, 5 October 2015 at 10:00 at FIC office
 
TF Healthcare meeting
on Monday, 5 October 2015 at 16:00 at FIC office
 
TF Labour meeting
on Tuesday, 6 October 2015 at 09:30 at FIC office
 
TF Education meeting
on Tuesday, 6 October 2015 at 11:00 at FIC office
 


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September 23, 2015

FIC (0)
No news for today
Macroeconomic News (4)
VALENTIN LAZEA: "The economic growth can be 4-5% per year, through unpleasant and expensive reforms in the short run"
Ionut Dumitru, president of the Fiscal Council: The underground economy of Romania is 22% of the GDP, much higher than the average level of the European Union
Investments will replace consumption (private and government) as an economic growth engine
The Industrial Barometer: The persistence of the poor growth will make resuming the expansion difficult
Financial News (3)
Senate decided that a loan contract is no longer an executory title
Paying the bills at the cashier's offices of Banca Transilvania will no longer be possible as of November 1
Eurobank is preparing to sell a package of bad loans (NPL) of half EUR 1 billion on Romania
Investment News (1)
The project worth EUR 220 million with the tallest building from Romania
Legislative News (2)
DUNCA: "THE PROJECT INVOLVING THE MODIFICATION OF THE LAW OF ABUSIVE CLAUSES IS OFFENSIVE FOR CONSUMERS". Our MPs are against the people who voted for them
The labor code is about to be modified: "Telelabor" is legislated and youngsters might escape the test period if they take part in an employment competition. Teleemployees will be able to establish their work schedule themselves
Politics (1)
Tensions around the leader seat from PSD
Social (2)
The biggest career fair starts. Thousands of jobs for graduates, available nationally
Patients can benefit from a bilateral cochlear implant discounted by insurance funds

 

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Serban Toader, Senior Partner, KPMG

The Foreign Investors' Council (FIC) makes a valuable contribution to improving the business climate in Romania and in facilitating investment from abroad, which is so important for the country's development. The Council acts as a meeting point, in which many of the most important companies in Romania can discuss issues of common concern, and then engage in a dialogue with policy makers to present the interests of the business community as a whole. Since its inception in 1997, FIC has worked hard to develop positive working relationships with government, Members of Parliament and state institutions like the Agency for Foreign Investment, becoming an increasingly respected voice. The White Book, which FIC publishes every two years, with proposals for steps to facilitate investment and improve the business climate has become one of the most effective lobbying tools for promoting growth in the Romanian economy. Foreign investment in Romania has increased considerably in recent years, and with EU accession just around the corner it is likely to rise even more as the country enters the European Single Market. Consequently the role of FIC in representing a significant part of the business community in Romania is likely to become even more important. KPMG as one of the leading providers of auditing, taxation and financial advisory services in Romania, with a presence in the country since 1994, is proud to be represented on FIC?s Board of Directors and we look forward to continuing to play a positive role in promoting foreign investment in this country. KPMG is also pleased that its professionals are assisting FIC on taxation, audit, regulatory and environmental issues, contributing on a practical level to its development, and hence to FIC?s ability to provide quality representation for the business community in Romania.

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