Forum on investments: Dialogue between Investors and the Romania Government
Bucharest, 19th of April, 2022
The Foreign Investors Council (FIC) organized today the event "Forum on investments" with the participation of the Prime Minister of Romania, Mr. Nicolae Ciucă.
The event initiated the necessary dialogue between investors and the Romanian Government to find together the best measures for hosting new companies wanting to invest and ensuring the continuity of those already operating in Romania, and at the same time solutions for relocating companies affected by the military conflict in Ukraine. The Prime Minister participated together with the Ministers coordinating key areas for the economy, the Minister of Finance, Mr. Adrian Câciu, the Minister of Energy, Mr. Virgil Popescu, the Minister of Economy, Mr. Florin Spătaru, and the Minister of Research, Innovation and Digitization, Minister Interim of European Projects and Investment, Mr. Marcel Boloș.
Prime Minister sent messages of support and encouragement for investments highlighting the record budget allocation of 88 billion for investments, and the openness of the Government to continue the dialogue with the business environment to find together the most efficient measures for economic recovery. The ministers presented the economic and support measures that the Government has adopted in the context of the conflict in Ukraine, as well as those that are being prepared for the next period.
The FIC representatives highlighted that in these difficult times, member companies have provided humanitarian support and contributed financially, with products and services for the refugees from Ukraine. Equally, more attention must be paid for the economy by accelerating the measures for debureaucratization, digitization, and attracting investment. Romania has the advantage of being an EU and NATO member state, which offers a sentiment of stability and affiliation with the common directions for sustainable economic growth.
During the event, different options for promoting foreign investments in Romania were discussed, following the models of Poland or the Czech Republic. It is necessary to have a system that offers investors easy access to information at the national and regional levels such as: available workforce, infrastructure, buildings and halls, suppliers, access to education and healthcare, etc. In the medium term, an investment promotion body that ensures dialogue and consolidated data is essential for Romania. Also, the business community and the relevant ministers addressed topics related to fiscal stability, supporting measures for the energy sector, unblocking legislative initiatives that introduce flexible digitization solutions and financial instruments available to the business community in the coming period. Last but not least, it was underlined the need to speed up the necessary measures for the implementation of the EU-funded projects, especially those under the National Recovery and Resilience Program.
Participants welcomed the government's openness to dialogue, which it considers an essential element, especially in the context of recent crises, and said they were ready to help promote Romania as an investment destination.