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Tuesday, 31 January 2023

Prime Minister Nicolae-Ionel Ciucă met with representatives of the Foreign Investors Council




Prime Minister Nicolae-Ionel Ciucă’s consultations with representatives of the Foreign Investors Council


Prime Minister Nicolae –Ionel Ciucă met at Victoria Palace with representatives of the Foreign Investors Council. A set of topics regarding the tax regime, the digitalization of the administration, cutting through the red tape, stability, and predictability of fiscal framework, and the investment plans in our country have been addressed during the meeting.

The Romanian Prime Minister voiced his appreciation for the increase in the interest of foreign investors, confirmed by the record volume of direct foreign investment last year that exceeded 11.3 billion euros, the highest level over the past 30 years. He expressed the full openness of the Government to support and strengthen this pace, through governmental policies oriented in this respect and its readiness to take over and implement best practices agreed upon by the private sector in relation to state authorities. In this respect, Prime Minister conveyed that the Government’s priority is to support investments with high-added value, especially in areas such as digitalization, innovation, and the development of new technologies.

“The valorization of Romania's natural resources must be done primarily through processing in the country and subsequent valorization, which is why we encourage the development of processing capacities and the use of the most innovative solutions in this regard. At the same time, we treat with respect the need for fiscal predictability of the business environment and, following last year's model, we will have consultations on this framework. I am confident that this year too, through massive government investments, and through a dynamic process of attracting European money, we will succeed in developing and modernizing Romania's economy. The Romanian Agency for Investments and Foreign Trade, established at the level of the Government, will represent a dialogue partner, but also an active catalyst in the relationship with the business environment, both from the perspective of foreign investors and to support Romanian capital", stated the Prime Minister Nicolae-Ionel Ciucă.

The representatives of the Foreign Investors Council showed their support for this approach, underlining the need for permanent consultation in case of legislative changes and ensuring a period of adaptation in the case of complex changes. Regarding government policies on the use of European funds and the attraction of new investments, they conveyed their willingness to support these efforts, through expertise and active engagement in their development.

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