PM Victor Ponta’s message to foreign investors: Romania offers stability and predictability

In an interview with European Times’ Jelena Biric, prime-minister Victor Ponta goes into great detail about what advantages Romania presents to people interested in investing in the country.

European Times: What are some current trends in foreign investment in Romania?

Victor Ponta: Investors are coming here for the following reasons: first of all, Romania offers a very positive fiscal environment. We still have a flat tax of 16%, and we are promoting all the state-aid schemes which are approved by the European Commission. Secondly, we have very skilled people. Our students are well trained and it is much more profitable for companies to keep them here instead of taking them to the UK or the US.

Third, labour costs in Romania are an incentive because the average wage of Romanians is below the European average.

All companies want to know how much they will need to pay in taxes, how well trained local labour is, and what the average wage is. Romania offers advantages in all these areas. We have also worked very hard over the past two years to keep energy prices very competitive, which has not been easy!

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Read the rest of the interview on the Foreign Investors Summit blog.