Largest foreign investors in Romania highlight importance of stable, predictable governance

The community of international investors in Romania, reunited in the Foreign Investors Council, or FIC, said in a press release on Monday, April 27, that Romania’s economic progress depends fundamentally on a stable and predictable governance framework.

The message comes amid a full-blown political crisis that began last week when the Romanian Social Democrats (PSD) decided in an internal vote to withdraw support for Liberal prime minister Ilie Bolojan, effectively dismantling the centrist, pro-EU coalition established last year. Following the vote, PSD ministers resigned from the government, and the party announced a no-confidence motion together with the far-right party Alliance for the Union of Romanians (AUR) in early May.