PLANNED MEETINGS FOR THE FIC MEMBERS
(Please confirm your participation at : office@fic.ro)

Meeting of TF Environment
on 16 March at 17:00 at FIC office
 
Meeting of TF Infrastructure
on 18 March at 09:00 at Holcim HQ
 
Meeting of TF Labour
on 22 March at 17:00 at FIC Office
 
Download 2009 White Book MAINTAINING GROWTH
 


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The key roles of Foreign Investors Council are:

• to contribute positively to the improvement of the Romanian legal framework for commercial and tax matters;

• to promote
sound business ethics;

• to project
a good image of foreign investment and of business in general.


 


March 10, 2010

  FIC
No news for today
  Financial News
Banca Transilvania lowered by 0.5% its interest for RON-denominated savings account
Commercial banks paid RON 1.2 billion worth of profit taxes to the budget last year
EBRD invested more than 70% from the EUR 1 billion financing agreed with Romania for 2009 and 2010
Credit Europe Bank saw transactions of RON 168 million on CardAvantaj credit cards in 2009
ProCredit Bank launched a financial package for SMEs
  Macroeconomic News
Clearstream connected to the NBR's trading system
Marco Walde, CEO of the Romanian-German Chamber of Commerce, says enforcing a minimum tax could have a negative impact on the Romanian market
Mandatory private pension funds posted profits amounting to RON 362 million
Bad loans account for a third of the NBFI's portfolios
AAFBR members estimate the monthly inflation rate reached 0.3% in February 2010
  Investment News
The net assets of open investment funds jumped 5.7% in February
Agricola Bacau to sell more of its output abroad
Teraplast Bistrita wants 10% increase in turnover this year
Cotnari Iasi expects 5% increase in sales this year
  Legislative News
Senators postpone again signing of ANCOM order
  Politics
Victor Ponta, PSD: Implementing the 16% flat income tax by the liberal government was one of the worst economic mistakes
DNA wants PSD Senator Catalin Voicu arrested

 

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monitorized by MEDIAIMAGE GROUP

 


Gilbert Wood
Director Hall Dickler


Since its establishment in 1997, the FIC has continued to develop as an influential organization. The FIC is a respected partner for dialogue with the Government. Participation in our organization by our Members is through their most senior country manager, many of whom had experience in other emerging markets prior to being posted in Romania. As a group, these managers have a wealth of knowledge. They altruistically devote their time individually or in working groups identifying problems and proposing solutions to policy makers on issues of concern to investors in general.

 
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