The Foreign Investors Council (FIC) is overwhelmed by the way in which decision-makers, and especially the Government, are addressing important decisions that affect the business environment and the Romanian society, according to a press release.

Official data show a certain level of macroeconomic stability witch contradict the Government’s assessments regarding the economic problems and the attempt to adopt normative acts to correct the difficulties. Even if there are concerns regarding the deficit, inflation or workforce shortage the economy is well within normal parameters and should be treated as such, consider FIC.

“We believe that for the good functioning of the economy, the Romanian Government should not use the Emergency Ordinances procedure for amending fundamental legislation, and especially without a real and structured consultation with the business environment and other stakeholders”, affirm the Council representatives.

FIC believes that the Government cannot use that the changes are useful to the business environment because they do not fulfil two key elements: transparency and predictability.

Also, any legislative initiative, need a consultation period, a period of understanding the mechanisms that will change and a minimum assessment of implementation efforts.

Foreign Investors Council says that in past 12 months we have seen subjects of utmost importance: transferring social contributions from employer to employee, public-private partnerships, salaries of staff paid out of public funds, budget rectification, public procurement, absorption of European Funds, insolvency law, Sovereign Fund for Investments and Development, Fiscal Code and Fiscal Procedure Code.

According to the Council, measures adopted by the Government should take the form of draft laws that will then be debated in the Romanian Parliament. Such a law-making process, using Parliament’s rightful role, will produce laws that are better suited to the real economy and more stable over time. This approach would provide more opportunities for consultation of relevant parties.