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The Foreign Investors Council Elects its Executive Officers

The Foreign Investors Council (FIC) held its 13th Annual General Assembly in May. Mr. Traian Basescu, the President of Romania, delivered the keystone speech as the FIC's special guest. After that presentation, the FIC elected its new Board of Directors consisting of 15 persons.

At the first Board of Directors meeting, the Board elected its four Executive Officers. The newly elected Executive team which will serve for a one year term consists of:

President Shachar Shaine President, United Romanian Breweries - Tuborg Romania
Vice President Mariana Gheorghe CEO Petrom
Vice President Gilbert Wood CEO Hall, Dickler
Treasurer Serban Toader Senior Partner, KPMG

The primary objective of the FIC is to foster dialogue between policy makers and investors to improve Romania's business environment and to mitigate the impact of the current international financial situation.

The primary objective of the Board is to increase the FIC's involvement and success as a lobbying organization and to cause increased consideration to its position papers and recommendations submitted to the Government.

Recently, in this respect, the FIC issued the 2009 version of its White Book "Maintaining Growth", which provides a comprehensive overview of Romania's investment climate and specific recommendations to improve the business environment.

The White Book is the product of several FIC "Task Forces". Senior managers of the FIC's Members meet in Task Forces to discuss issues that are important to Romania's business environment. They propose recommendations for improvement based on their international experience, which often includes participation in other emerging markets.

The 2009 White Book updates the FIC's recommendations concerning various issues in its focus such as: Taxation, Labor Market Flexibility, Environment, Rule of Law, Corporate Governance, Energy, Agriculture, and Investment Support Legislation.

Specific recommendations on anti-crisis measures were discussed with Prime Minister Boc and relevant ministers of the current Cabinet in the spring at the ASPEN Institute forum. The FIC's position paper on anti-crisis measures recommended the following objectives: (a) reduce the budget deficit; (b) limit the current account deficit; and (c) reinforce and maintain a stable economic and legal environment.

Each objective was supported with substantial measures to be considered when the Government enacts its economic strategy. The FIC recommended to the Government a coherent and credible plan to support the domestic economic activity in close cooperation with the Central Bank and international financial institutions. The FIC also proposed a set of actions to improve Romania's financial credibility.

The FIC's principal method of advancing its issues is through Task Forces composed of volunteer specialists from FIC member companies. More than 150 professionals from 80 multinational companies contributed to the position papers developed by the Task Forces. This endeavor focuses on providing professional expertise and recommendations.

Each Task Force is chaired by one or two Board members who report back to the Board on the lobbying activities carried out by that Task Force.

The following Task Forces are currently in place:

1. Taxation, chaired by Serban Toader (KPMG) and Stephan Maria Weber (Ursus Breweries); 2. Labor Market Flexibility, chaired by Veronica Savanciuc (Lowe&Partners) and Kurt Strohmayer (JW Marriott); 3. Environment, chaired by Markus Wirth (Holcim) and Constantin Hariton (Saint-Gobain); 4. Corporate Governance, chaired by Gilbert Wood (Hall, Dickler) and Claudia Pendred (EBRD); 5. Rule of Law, chaired by Gilbert Wood (Hall, Dickler); 6. Agriculture and Regional Development, chaired by Jean Valvis (Valvis Holding); 7. Energy, chaired by Mariana Gheorghe (Petrom); 8. Infrastructure, chaired by Markus Wirth (Holcim).

The Task Forces are actively involved in discussions with the executive branch of the government and, in some cases, with Parliamentary commissions. Members of the FIC's Task Forces meet regularly with senior government officials to lobby for positive change.

Mr. Shaine, the new President of the FIC thanked the outgoing Executive team for their outstanding contribution to the FIC during their mandates and stated that is a great honor for him to take over this position.

The main themes Mr. Shaine proposed for the Board to focus on were: (1) to discuss about immediate measures that need to be taken in order to pass the economical crises; (2) to consolidate and expand the FIC's membership, targeting new large foreign investors in Romania; (3) to advocate specific legislation to increase labor market flexibility; (4) to lobby Romanian decision makers to implement measures to attract investments in new and existing businesses; and (5) to establish lines of communication with the EU and the local authorities, especially on improving Romania's country perception regarding its economy.

In the future, the FIC will continue to play an important role in the dissemination of global expertise and EU best practice information that its managers have learned from their previous international postings.

From the FIC's perspective, the existence of a predictable, transparent and effective legal system based on the Rule of Law and the uniform enforcement of existing laws are essential to increase FDI in Romania. This is essential to improve the business environment and to sustain economic growth.

The Foreign Investors Council (FIC) is an association of the leading foreign investors in Romania. The FIC was established in 1997 and now has over 100 members, whose combined investment in Romania exceeds EUR 16 billion, representing approximately two thirds of Romania's total foreign investment. The primary objective of the FIC is to foster dialogue between policy makers and investors in order to improve Romania's business environment and to assist in Romania's European Union accession process.

For further information, please visit the FIC website at http://www.fic.ro



The Foreign Investors Council supports the new Fiscal Code while considering its sustainability of utmost importance

Consiliul Investitorilor Straini sustine proiectul noului Cod Fiscal si considera ca viabilitatea lui este foarte importanta

24 de studenti si medici tineri au participat la cursurile MedClass, sustinute de Consiliul Investitorilor Straini

The FIC's Board of Directors elected its new executive management

Comitetul Director al FIC a ales noua conducere executiva

The Foreign Investors Council emphasizes the need to foster investments in the romanian energy sector

Consiliul investitorilor straini subliniaza necesitatea promovarii investitiilor în sectorul energiei din România

The tenth edition of the FIC White Book: Regaining Momentumia

Cea de-a zecea editie a Cartii Albe: Reconstruirea Increderii

12 experts in communication, ethics and management offers courses free of charge to Medical students and young physicians of Romania

12 experti in comunicare, etica si management le ofera cursuri gratuite studentilor la Medicina si tinerilor medici din Romania

Press Release - FIC Business Sentiment Index - April 2015_EN

FIC Business Sentiment Index - April 2015_RO

Propuneri prioritare FIC - AmCham de modificare a proiectelor de Cod fiscal si Cod de procedura fiscala

AmCham Romania si FIC saluta lansarea în consultare publica a proiectului de rescriere a Codului Fiscal si a Codului de Procedura Fiscala


AmCham Romania and FIC welcome the public consultation on the draft Fiscal Code and Fiscal Procedural Code


The Foreign Investors Council (FIC) - Event on the better functioning of public institutions


Consiliul Investitorilor Straini (FIC) despre imbunatatirea activitatii institutiilor publice


The Foreign Investors Council (FIC) - Business Sentiment Index


The tax on special constructions will have a significant adverse impact on Romanian business environment


Impozitul pe constructii speciale va avea un impact negativ semnificativ asupra mediului de afaceri din Romania


The Foreign Investors Council presented the results of a survey among SMEs in Prahova County


Consiliul Investitorilor Straini - FIC a prezentat rezultatele unui studiu în rândul IMM-urilor din judetul Prahova


The Foreign Investors Council (FIC) unveils its key proposals regarding Romania’s Energy Strategy


Consiliul Investitorilor Straini - FIC a prezentat propunerile membrilor sai privind noua Strategie Energetica a României


The Foreign Investors Council (FIC) - Transparency and Predictability of the Legislative Act


Consiliul Investitorilor Straini (FIC) despre transparenta si predictibilitatea actului legislativ


Foreign Investors Council (FIC) in dialogue about the measures for supporting the economic growth


Consiliul Investitorilor Straini (FIC) in dialog despre masurile de sprijinire a cresterii economice


Campania "De profesie: medic in Romania" a castigat Premiul European pentru Excelenta, la cea mai prestigioasa competitie europeana de comunicare


The approval of new taxes should be conditioned by a proper impact assessment and thorough consultation with the business environment


Introducerea de noi taxe trebuie conditionata de analiza de impact si de consultarea cu mediul de afaceri


Business Environment Calls for an Efficient Insolvency Regime (English version)


Mediul de afaceri solicita un regim al insolventei eficient, transparent si predictibil (Romanian version)


Romania in infringement (Romanian version)


Romania in infringement (English version)


FIC si AmCham atrag atentia asupra efectelor generate de unele masuri fiscale


FIC and Amcham underscore the effects of several fiscal measures, 1 October 2013


The FIC's Board of Directors elected the new executive management


Comitetul Director al FIC a ales noua conducere executiva


FIC has a new Board


FIC are un nou Comitet Director


The foreign investors council underlines the need to foster energy efficiency in Romania.


Consiliul investitiorilor straini: eficienta energetica trebuie sprijinita.


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Foreign Investors Council (FIC) in Dialogue about Taxation and Future Developments

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The Foreign Investors Council (FIC) is concerned about the recent evolutions on the political scene of Romania

The FIC's Board of Directors elected the new executive management

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The Foreign Investors Council emphasizes the need to foster investments in the romanian energy sector

Consiliul Investitorilor Straini despre problemele din Infrastructura

Institutiile publice ar putea deveni motor de crestere economica

Public Institutions May Become the Driver for Economic Growth

Foreign Investors Council Supporting Small and Medium-Sized Enterprises

Consiliul Investitorilor Straini lanseaza Cartea Alba si bilantul Programului de Crestere Economica

AmCham Romania si CIS pledeaza pentru modernizarea, rescrierea si actualizarea legislatiei fiscale

AmCham Romania and FIC Call for a Modern, Re-written and Updated Fiscal Legislation

The FIC's Board of Directors elected the new executive management

5 miliarde de euro in 3 ani - Potentialul de investitii al industriei romanesti de energie regenerabila

5 billion Euros in 3 years - The investment potential of the Romanian renewable industry

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VAT rise should be followed by stimulus package to promote investment

Cresterea TVA ar trebui sa fie urmata de un pachet de stimulente pentru promovarea investitiilor

Foreign Investors Council Has a New Executive Team

Consiliul Investitorilor Straini a ales un grup reputabil de presedinti de companii in Comitetul de directie

The Foreign Investors Council elected a compelling group of CEOs as Board of Directors

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Foreign Investors regarding the Romanian Business Environment


Investments in Renewable Energy - a Priority for the Foreign Investors Council

The priority for the Foreign Investors Council, fiscal stability

Stabilitatea fiscala este o prioriate pentru Consiliul Investitorilor Straini

Romanian Economic Forum: The business community requests concrete measures for economic recovery

Forumul Economic Roman: Comunitatea de afaceri cere masuri concrete de relansare economica

The Foreign Investors Council Elects its Executive Officers

Consiliul Investitorilor Straini Îsi alege noua echipa Executiva

The Foreign Investors Council Elects its Executive Officers

Noua echipa executiva a Consiliului Investitorilor Straini (FIC)

Twelfth Anniversary of the Foreign Investors Council

The Foreign Investors Council Celebrates its 11th Anniversary

FIC - Presidents of multinationals on Romania's accession to the European Union on January 1st, 2007

The Foreign Investors Council on the Draft Investment Law

The Foreign Investors Council Elects a New Board of Directors - english
04.05. 2006
Consiliul Investitorilor Straini alege un nou Consiliu Director - romana
04.05. 2006
The Foreign Investors Council and the Labour Code
01.07. 2005
The Foreign Investors Council Elects a New Board of Directors
13.05. 2005
The Foreign Investors Council welcomes the findings of the EC report regarding Romania
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The Fiscal Environment for 2005 is designed to attract FD
18.06. 2004
The Foreign Investors Council Believes the New Law on Capital Markets is a Decisive Step Forward
The Government of Romania met with Top European Industrialists and members of the Foreign Investors Council

The Foreign Investors Council, the European Roundtable of Industrialists and the Government of Romania to Discuss EU Accession Progress

The Foreign Investors Council and the European Roundtable of Industrialists together with the Government of Romania will jointly assess the progress towards a functional market economy

The Foreign Investors Council Meets with Delegated Minister Sarbu to Discuss the Labor Code

Romania's Foreign Investors Council welcome the Government decision...
A new Board Team elected by the Foreign Investors Council

The Foreign Investors Council presents its latest...



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