Half of the member-companies of the Foreign Investors Council (FIC), one of the biggest business associations in Romania, consider that the legislative process has worsened and this affects their businesses.

Some 70% think that the lack of transparency and policy coherence makes Romania moderately or significantly uncompetitive compared to other countries where these companies carry out business.

Despite tax cuts, 50% find the fiscal burden uncompetitive while only 38% rate it as competitive, according to Foreign Investors Council representatives. The good news is that 60% of the investors expect their business to grow next year.

A majority consider that Romania is still competitive when it comes to the availability of adequate workforce but a quarter find it uncompetitive.

The Foreign Investors Council (FIC) publishes twice a year the results of a business sentiment index survey conducted among its members. FIC member companies represent a significant share of foreign direct investment in Romania, summing up about two-thirds of the total, with an important contribution to Romania's GDP.

editor@romania-insider.com