Foreign investors align with Govt. on ten priorities for Romania’s future
The response to the current economic challenges that Romania is facing should not only be based on solving problems in the short term but should also help prepare the economy for the future, the foreign investors’ representatives and those…
Andrei Chirileasa · Journalist
· Updated · 4 min read
The response to the current economic challenges that Romania is facing should not only be based on solving problems in the short term but should also help prepare the economy for the future, the foreign investors’ representatives and those of the Government agree.
The Foreign Investors Council (FIC), one of the top organizations representing foreign investors in Romania, launched on September 7 the 2022 edition of the ‘Va Urma’ (To Be Continued) report, aiming to highlight the strategic directions Romania should follow to strengthen its economic growth and ensure the well-being of its citizens.
Prime minister Nicolae Ciuca, together with members of the Government and Parliament, international institutions, and economic leaders attended the event, which was the first step in setting country directions agreed upon and supported by the authorities, representative international institutions, and the business environment.
The top ten long-term measures decided as a result of the joint debates are as follows:
- Defining a long-term strategy to attract foreign investors to Romania with a focus on high added value and competitive advantage sectors (human capital, natural resources).
- Promotion of foreign investments in Romania and domestic investments abroad by establishing an institutional mechanism under the coordination of the Prime Minister.
- Improving energy security by boosting the development of new production capacity and implementing new forms of state aid and financing mechanisms for the entire value chain to ensure liquidity to producers, distributors, suppliers and consumers.
- Improving waste management system (collection, recovery, recycling), following the extended consultation with all parties.
- Healthy Romania: redesigning the health system with focus on prevention, access to medical services and innovative medicines (encourage innovation and production in Romania), telemedicine, ambulatory care, patient digital file and development of the medical education system to a digitally enabled for all.
- Educated Romania for the preparation of the workforce of the future (access to education, reduction of school dropout, dual educational system, continuous training, scholarships).
- Public institutions and SOEs top management recruitment through transparent processes, assisted by specialized recruiters.
- Increasing the predictability of the legislative framework and improving regulatory measures (aligning strategies in different sectors together with their coordinated implementation).
- Digital literacy programs (students, local and central administration, private sector).
- Digitalization of the existing legislative framework and facilitating public-private digital interactions (ONRC, digitalization of ANAF, REVISAL).
