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October 21, 2021

PM Ciolos in New York meets US investors operating in Romania

On the last day of his visit to New York on Wednesday, Prime Minster Dacian Ciolos met American investors operating in Romania, whom he introduced to the measures envisaged by the Romanian Government to secure local economic stability and improve management of state-run companies.

“They underscored the need for predictability and transparence.I introduced them to the measures taken this year to secure stability in the national budget, improve management of state-run companies. Some of them have invested in majority state-owned enterprises that also have private capital contributions. They are certainly interested in the implementation of Ordinance 109 recast to secure quality management for such companies. We also discussed cutting through red tape, another essential they always mention, at each meeting, particularly the quality of the performance of the National Tax Administration Agency (ANAF), which has to do with the business environment. I explained to them the measures already taken to increase transparence in ANAF’s business and the simplification measures envisaged by the Finance Ministry for the weeks ahead to be passed,” Ciolos said at the end of the meeting.

He said the attending American investors displayed interest in the development of Romania’s capital market, in the development of the stock portfolio of the Bucharest Stock Exchange.

“They are ready to invest. I told them that even in this area we are preparing to open up the capital market to improve the performance of the Bucharest Stock Exchange, without losing state control over companies that are important to Romania. (…) That was a useful conversation that allowed us to clarify certain measures we have taken and some we are contemplating taking. On the other hand, I now better understand their expectations from the Romanian business environment (…). They regard economic and legislative decisions, as well as transparency in the decision-making process related to corporate management,” said Ciolos.

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