Romania’s business community calls for dialogue with the private sector

Newsroom 25/07/2012 | 07:52

Representatives of the local business community announced today the forming of a “coalition for economic growth and stability” which brings together business organizations which represent some 65 percent of overall investments inRomania. The initiative comes in response to the deterioration of the economic conditions which “to some extent” stems from the recent political turmoil.

The coalition brings together business organizations including the American Chamber of Commerce (AmCham), Foreign Investors Council (FIC), British-Romanian Chamber of Commerce, Romanian Business Leaders Foundation (RBLF), Netherlands-Romanian Chamber of Commerce, Bilateral Chamber of Commerce and Industry Romania-Canada, Romania-Ireland Bilateral Chamber of Commerce, Romania-Finland Chamber of Commerce & Industry, Danish-Romania Business Association, and Romania-Cyprus Bilateral Chamber of Commerce.

“We are witnessing an unprecedented depreciation of the national currency. We see investors, entrepreneurs and average Romanians losing trust in our economy. According to yearly international rankings (like Transparency International – Corruption Perception Index or Doing Business in Romania of The World Bank), we see Romania worsening in terms of attractiveness, transparency, corruption, competitiveness and education. We, as the private sector, are concerned about the future of our business and employees,” said representatives of the organization.

Given the economic context, the coalition urges the government to start a strategic dialogue with the private sector and other important stakeholders to improve the business environment andRomania’s international competitiveness, asking for “a strong and decisive action” to rebuild trust and confidence in the Romanian economy.

The aim of the coalition is to become an attentive observer and supporter of measures to achieve economic reform, as well as for encouraging adherence toRomania’s agreement with the IMF, which serves as a guarantor for a stable business environment and improvesRomania’s competitiveness internationally.

The coalition was established in consultation with diplomatic missions inRomaniafrom EU countries, and those from Canada and the United States.

The leaders of the business associations met with Prime-Minister Victor Ponta and discussed current economic situation, the factors affecting the business environment, and the necessary measures to be taken to improve Romania’s economic situation.

Simona Bazavan

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