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The state of the Romanian economy is a reflection of public policy, foreign investors say

The Foreign Investors Council (FIC) informed in a press release on Friday that recent negative economic data which drew the attention of politicians are the result of legislation that was adopted without proper impact assessments that could have anticipated it. Foreign investors say that the council they represent and the entire business community has constantly advocated for such impact studies and they are fully open to contribute to them.

The political discourse which aims to blame certain market actors, whose opinions were ignored during the consultation period, serves solely to deteriorate the trust of the business community in Romania. The massive investments anticipated by policy makers will fail to materialize unless this trust is rebuilt,” says the release.

According to the latest FIC members business sentiment index, trust is low.

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