Foreign Investors Summit 2016 – Blog

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State secretary Vrinceanu: New state aid scheme worth RON 200 mln to be rolled out in Romania next year

Claudiu Vrinceanu, the state secretary at the Ministry of Economy, said on Tuesday, during the Foreign Investors Summit, the 3-day event organized by Business Review magazine, that the government will launch next year a new state aid scheme called Scale up.

This new scheme has a RON 200 million (around EUR 40 million) budget that targets […]

November 1st, 2016|Blog, Uncategorized|0 Comments

Daniel Daianu (BNR): “We have an exodus of human capital”

Daniel Daianu, member of the administration board at the National Bank of Romania (BNR), said on Tuesday, during the Foreign Investors Summit, the 3-day event organized by Business Review magazine, that the country’s labor market poses challenges.

The foreign investment community in Romania has issued warnings in the past few years about the lack of the […]

November 1st, 2016|Blog, Uncategorized|0 Comments

Minister Pislaru: “Romania has just entered into a new boom cycle”

The minister of labor Dragos Pislaru said on Tuesday, during the Foreign Investors Summit, the 3-day event organized by Business Review magazine, that “Romania has just entered into a new boom cycle”.

The minister suggested that going forward, the authorities should make sure that the current pace of development is maintained and that there aren’t any […]

November 1st, 2016|Blog, Uncategorized|0 Comments

Ambassador Maior: Big American companies interested to invest in Romania

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 […]

September 2nd, 2016|Blog, Uncategorized|0 Comments

Agricultural productivity increases but still below potential, say investors

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 […]

October 29th, 2015|Blog|0 Comments

Preserving labor code flexibility is essential to ensuring competitiveness, say car industry representatives

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 […]

October 28th, 2015|Blog|0 Comments

First Car program needs improvements in order to boost new car sales, say industry representatives

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 […]

October 27th, 2015|Blog, Uncategorized|0 Comments

Romanian companies are too dependent on state aid, argue participants at the Foreign Investors Forum

“Financing percentages have remained very high, even in the second round of state aid schemes. Except for Bucharest, with 15 percent, and the cities in the Western part of Romania, with 35 percent, the rest of the country can benefit from 50 percent financing percentages. This is a great accomplishment for Romania, compared to […]

October 27th, 2015|Blog, Uncategorized|0 Comments

Drone traffic should be regulated, say participants at the Foreign Investors Summit

“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 […]

October 27th, 2015|Blog, Uncategorized|0 Comments

Romania should promote better its “growth story” to attract more investors, says Mark Mobius

“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 […]

October 9th, 2015|Blog|0 Comments