Mariana Gheorghe, president of the Foreign Investors Council andCEO of OMV Petrom group, the biggest private Romanian company, sayspredictability and transparency are of critical importance for thebusiness world, as they are the basic pre-conditions to attractinginvestors.
The private sector has over the last few months been confounded bymeasures such as the VAT hike by five per cent, implemented in justa few days' time, the various rumours about raising the flat rate,as well as about cutting it, levying tax on the fortunes of therich, raising VAT by a further percentage point.
"Consultations with the authorities are all the more importantsince they allow for the legislation to be consolidated so as tocater both to the needs of the authorities, and of the businesscommunity. More often than not legislation, especially fiscallegislation, has been adopted urgently, so businesspeople did nothave the time to contribute enough," said Mariana Gheorghe.
The Foreign Investors Council is an association of the leadingforeign investors in Romania, which currently has 118 membercompanies, whose cumulated investments amount to around 30 billioneuros, i.e. almost two thirds of overall foreign direct investmentsconducted in Romania from 1990 until the present.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
