Promoting sustainable economic growth, improving Romania’s investment landscape, and supporting the interests of foreign investors in Romania are the main goals of the Foreign Investors Council (FIC). The FIC is a fully independent association with no political affiliation which regularly partners with other business and international organisations as well as diplomatic representatives in Bucharest. The FIC’s members strongly believe that the path to Romania’s sustainable growth lies in public policies shaped through a transparent dialogue between the business community and policy-makers.
Mihai Bogza, President, discusses the FIC’s current projects and goals.
European Times: What are the FIC’s main activities?
Mihai Bogza: The FIC has around 120 members and represents two-thirds of all FDI in Romania. Through the years, FIC members have shared their knowledge and expertise with Romanian policy-makers and are regularly consulted when legislation having an impact on the business climate is being enacted. Our main goal is to improve Romania’s business environment. The FIC has set up task forces on key issues, such as infrastructure development, absorbing EU funds, management of public finances and others. The FIC is both reactive and proactive, continuously promoting transparency and best practices and working to improve the conditions for investing and doing business in Romania.
European Times: Why should European investors choose Romania for FDI?
Mihai Bogza: Romania needs to market itself better globally and improve its international image. Romania is often seen in darker colours then it should be. Not enough credit has been given to Romania for its many recent achievements. Romania is politically and economically stable, has a low budget deficit and very low inflation, and is committed to fighting corruption. Over the past two years in particular, Romania has made great progress. Statistics on Romania’s recent economic growth speak for themselves, and anyone who does not trust the numbers should definitely come here and observe everything that Romania has accomplished and can offer foreign investors. Romania’s government is very open to working with business leaders to improve the business climate even more. In addition, Romania’s exports are growing and there are investment opportunities in many sectors.
European Times: What is your personal message to potential foreign investors in Romania?
Mihai Bogza: Romania has made significant progress in the last few years and still offers outstanding growth potential. Romania is both a stable European country concerning risks and a high-potential emerging market. Offering both stability and growth, Romania is an excellent investment choice.
