November 25, 2017

Investors warn the IMF about the business environment

The vice-president of the Foreign Investors Council (FIC), Steven van Groningen told Agerpres yesterday, after a meeting between entrepreneurs, represented by the Businessmen’s Association of Romania (AOAR), FIC and AmCham (The American Chamber of Commerce and Industry in Romania), and the International Monetary Fund (IMF) delegation led by the head of the IMF Mission to Romania, Andreea Schaechter that unpredictability remains a big problem for the private sector of Romania. The FIC vice-president added that consultations with political decision-makers are also necessary in view of measures that will make the economic environment predictable. In his turn, AOAR president Florin Pogonaru warned the members of the IMF delegation that taxes cannot increase ‘under any circumstance’ in Romania. According to Pogonaru, the business environment is now in a “more disastrous situation than ever.” In a different move, the representatives of Grampet Group met the IMF delegation at the end of last week over the privatization of CFR Marfa, the railroad transport company led by Gruia Stoica announced. According to a communique, Grampet was asked to provide a point of view regarding the process and why it failed.
Source: Nine o’clock (read more)

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