The Foreign Investors Council welcomes the findings of the EC report regarding
The Foreign Investors Council (FIC) welcomes the confirmation by the EC Country
Report for Romania that the country has a functioning market economy. The FIC
considers that this is a strong incentive for the Government to continue the
pace of reform and improve the business climate, including in areas identified
by the foreign investors such as: the labor market flexibility, the rule of
law and the level playing field and the tax regime.
As regards the second economic criterion i.e. if the
country is prepared to cope with the competitive pressure and market forces
within the EU, Romanian
companies still have two years to put into shape their business in order to
be ready. The production facilities of multinationals in Romania operate already
at the EU level of productivity and their products met the EU quality standards.
By sharing their experience the FIC members’ companies are ready to support
the Romanian companies in their effort to restructure, to improve efficiency
and to innovate in order to increase their capacity to adapt.
The FIC will continue to support Romania in its efforts in improving the business
environment and plans to release its new edition of the White Book in February
2005. Every two years the FIC publish a White Book which represents an overview
of the investment climate and includes a set of recommendations in the view
of improving the business environment.
FIC members are in a position to facilitate effective implementation of the
acquis communautaire by making available to the GOR their experience of similar
processes in other countries.
The FIC believes that the measures proposed by our
organizations will enable further improvements in Romania’s business
and investment environments and will thereby contribute to attracting FDI
and to helping Romania successfully
achieve its objective of joining the EU in 2007.