News

Press Release

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

The Foreign Investors Council (FIC) supports the new Fiscal Code approved by the Romanian Parliament. Many of the provisions in the new Code represent a step forward towards modernizing and clarifying the Romanian fiscal framework.

The new Fiscal Code comes after two years of continued efforts and sustained dialogue between the business community and authorities. The text adopted by the Parliament brings considerable improvements to Romanian fiscal legislation providing medium and long term predictability.

FIC member companies believe that reducing the fiscal burden in Romanian can support the increase the regional competitiveness of the country.

At the same time, the sustainability of the new fiscal measures is equally important to investors because they are mainly interested in a stable, transparent and predictable fiscal environment.

In this context FIC encourages the authorities to maintain budgetary discipline in order to avoid macroeconomic imbalances that would require painful fiscal adjustments in the next future.

ABOUT:

The Foreign Investors Council (FIC) is an association of the leading investors in Romania. The FIC was established in 1997 when it officially began its activity with 25 companies as members.

Today, the FIC has 120 member companies whose cumulated investments in Romania represent approximately two thirds of the total foreign direct investment made since 1990.

The FIC members provide a variety of goods and services and have created almost 200,000 direct and indirect jobs for the Romanian economy.

In almost 20 years of activity, the FIC has proven to be a constant presence and a valuable dialogue partner with objective and professional approach regarding the problems about the Romanian economy development and improving the business environment.

Foreign Investors Council (FIC) - www.fic.ro