Romania can increase its economy four times in the next 20 years and to become one of the top 10 economies of the European Union, if it focuses on three key pillars for investment and reform and together with a proper governance framework, according to the Foreign Investors Council (FIC).
The current Romanian growth rate, […]
Romania’s ambassador to Washington, George Maior, said that there is fresh interest of big American companies to invest in Romania. He underlined the fact that investors need a clear economic legislation and an environment without corruption.
„The American investors need predictability regarding the economic legislation, fiscal regime, they need a less bureaucratic regime regarding the […]
Romania will not adopt the euro by 2018. Instead, the Romanian Government will present the European Commission in 2017 with a plan regarding the adoption of the euro.
EU Member States, Minister of Public Finance Anca Dragu told Realitatea TV, must express their position towards adopting the euro. As a result, in April 2017 the […]
Private equity and venture capital investment in Central and Eastern Europe last year reached its highest amount since 2009, according to new data from Invest Europe. Among the main destination of private equity financing in the CEE region in 2015 was Romania, with 9 percent of the total financing.
The other main destinations of private equity […]
Romania has taken concrete steps towards improving its agricultural productivity over the past years, albeit progress remains slow, discussed participants to the agriculture conference part of the Foreign Investors Summit organized this week by Business Review.
One problem that continues to hinder productivity is land fragmentation, said George Turtoi, state secretary with the Ministry of Agriculture and […]
Modifying the present labor code and introducing new measures that would make it less flexible than its present form is worrying investors, discussed participants during the Foreign Investors Eevnt organized by Business Review this week.
“I am particularly worried by the intention to modify the labor code. This intention is tacitly passed through Senate. It would be […]
Romania’s First Car program does little to boost new car sales as it offers potential buyers the same terms as regular loans, said Constantin Stroe, the president of the Romanian Car Producers’ Association – ACAROM during the second day of the Foreign Investors’ Forum organized by Business Review.
“Romania is importing three used cars for every […]
“Fitting legal measures must be put into place concerning the drones. This area should be regulated, just like all the others, because after all, this will pose traffic issues. It is clear as day that an air traffic code must appear,” according to Varujan Pambuccian, member of the Commission for IT&C in the Chamber of […]
“Romania has an outstanding growth story among the countries in the CEE region and the European Union, with the highest growth rate in the EU in the first quarter of 2015 and the second-highest in the second quarter. This exceptional growth story should be continuously promoted to foreign investors and one of the best […]