Business sector’s strategic priorities as seen by the Coalition for Romania’s Development

From July to December this year, the Coalition for Romania’s Development (CRD) will be coordinated by Romanian Business Leaders Vice President Dragos Petrescu. The Coalition consists of the representatives of Romanian and foreign investors and is led by a Board of Directors formed by the presidents and vice presidents of six business associations – the Association of Romanian Businessmen (AOAR), the Romania-American Chamber of Commerce (AmCham), the French Chamber of Commerce in Romania (CCIFER), the Romanian-German Chamber of Commerce and Industry (AHK), the Foreign Investors’ Council (FIC) and the Romanian Business Leaders (RBL) –, that rotationally coordinate the Coalition’s activity.

Every six months, the more than 40 members of the Coalition – business associations (such as the six organisations that are part of the Board of Directors, the National Council of Romanian SMEs, the ‘Concordia’ Employers’ Confederation, the chambers of commerce of the Netherlands, Italy and the UK, and the associations of Belgian, Spanish, Hungarian and Turkish businessmen and companies present in Romania) and the embassies of EU and non-EU states such as Switzerland, Canada, U.S. and Japan – revise the short-term priorities of the business sector in Romania and reiterate the need for decisional transparency and predictability in the drafting of public policies.

The Coalition adopts a pro-active attitude in its relationship with the Romanian Government and is open to dialogue and cooperation in order for the Romanian economy to maintain its competitiveness in 2017, and for the state to focus on strategic investments for the country and on mechanisms that would encourage them.

The Coalition considers that the Romanian Government is capable of rapidly taking decisions that are healthy for the economy’s competitiveness, namely:

  • Maintain the flat tax;
  • Address the labour shortage through measures that would lower the migration of talents and people able to work, that would attract Romanian expats back to the country and would open the labour market to non-EU citizens;
  • Lower the speed at which salaries and social security contributions are growing, in order to harmonise them with labour productivity earnings;
  • Render operational a dual education system linked to the employers’ needs;
  • Improve the healthcare system;
  • Simplify administrative procedures;
  • Modernise the Romanian Tax Authority, as an integral part of the project involving the World Bank;
  • Make real progress in developing infrastructure, via European grants and as part of functional public-private partnerships; investments in infrastructure, alongside those in education, can ensure Romania’s unitary development and will create the premises for the business sector to be able to really support the hiking of the minimum wage and in less developed areas too;
  • Reform the public sector, particularly in the context of implementing the unified wage law;
  • Implement fiscal consolidation for the profit tax.

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