AmCham Romania, the organization representing over 400 companies with combined investments of over USD 20 billion, said in a statement that it was worried by the decision of the government to approve the controversial amendments to Criminal Code and Criminal Procedural Code.
The organization added that this legislation “undermines the rule of law and derail from the fundamental principles of transparency, stability and predictability and strays Romania from the European values and standards.”
“The lack of transparency in adopting such legislation despite the opinions and recommendations issued by the relevant institutions undermines the confidence in the Government and sends a strong negative wave of mistrust and uncertainty, both internally and externally.
The firm anti-corruption efforts had a major contribution to Romania’s recent development and the country’s rating and attractiveness for investments, and the current decisions cancel the accomplishments of the past years and increases Romania’s country risk,” said the AmCham, which is headed by Ionut Simion, in a statement.
A new wave of protests erupted on Tuesday evening in Romania, following the approval of the controversial amendments. Over 10,000 people gathered in Bucharest, in front of the Government building, and the protests were continuing throughout Wednesday.