Romanian American Chamber of Commerce: We hope the government will reverse this unhelpful course

Newsroom 03/02/2017 | 10:10

The Romanian American Chamber of Commerce (RACC), the association that promotes trade and investment between the United States and Romania, said in a statement that investors need an environment of predictability, transparency, and trust fostered by the rule of law.

“The legislation that decriminalizes graft and corruption for bribes of public officials that are less than $47,500 contravene the fundamental principles of the rule of law. Romania is viewed as a friendly country for business and this legislation undermines Romania’s standing in the international community and risks damaging business and investment prospects for the nation in fundamental ways,” said the association, whose chairman is Mark A. Meyer.

PM Sorin Grindeanu said on Thursday afternoon that his government doesn’t plan to repeal the changes to the Criminal Code and Criminal Procedural Code.

The RACC expressed its hope that the “Government of Romania will reverse this unhelpful course and enter into an urgent and fully transparent dialogue with its citizens that will promote trust and confidence for a free market in a successful economy in a great nation with great people”.

Coca-Cola, AIG and Pfizer are among the sponsors of the association.

Ovidiu Posirca

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Newsroom | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue