AmCham asks for revision of Govt. measures and more private sector involvement

Foreign investors have expressed their concerns on the adoption and implementation of measures which impact the business environment and called for the involvement of the private sector in the decision-making process related to the economic sector, according to the Romanian American Chamber of Commerce (AmCham). AmCham considers that the current economic context requires a economic recovery plan in order to overcome the crisis without losing the current investors and moreover, extending and attracting new investments. “We are witnessing numerous attempts of the authorities to solve deep economic issues, however we perceive the lack of coordination and alignment at the decision-making level, as well as the delay of resolutions as these are not politically supported. [...] We believe that this requires the preparation, with the involvement of the business community, of an economic recovery plan, as a first stage of a larger development medium to long term strategy for Romania” stated Sorin Mindrutescu, AmCham Romania President. AmCham recommends maintaining the flat tax, revision of the VAT increase, or, at least limiting the increase to 2010, increasing the capacity to collect incomes to the state budget through reforming the responsible structures and implementation of integrated information systems and modernization of the fiscal code.