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

Board meeting
on Tuesday, 7 September, at 18:00 at FIC office
 
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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.

 


July 29, 2010

  FIC
• Foreign Investors Council: In Romania, the average speed of trucks is 35 kilometers per hour
• Mariana Gheorghe, President of the Foreign Investors Council, stated that predictability and transparency are critical issues for the business community
  Financial News
• Banca Transilvania posted a net profit of RON 17.2 million for Q2
• BCR to launch the Personal Banking service
• GE Garanti Bank and WWF are launching the WWF Bonus Card
• Radu Ghetea, chairman of ARB: Banks will reschedule public sector workers' debts
  Macroeconomic News
• BRD got a credit line of EUR 50 million from the EBRD for SME loans
• Ministry of Economy passed aid transparency scheme for SMEs
• Lending recovery delays, putting a crimp on the recovery of the economy at large, businessmen say
• Candole Partners sees a 4.6% drop in retail sales this year
  Investment News
• Franklin Templeton plans to buy real estate assets and stakes in Romanian realtors
• Alenia Aeronautica and SAAB offer to invest EUR 1 billion in Romania's economy provided that the Romanian Government agreed to buy their fighters
• Eldon, a producer of industrial boxes and lockers, is planning to keep hiring until the end of this year
• Starting this summer, Samsung Electronics Romania's clients will benefit from new services and products faster as the company's new operational structure is released
  Legislative News
• No news for today
  Politics
• The Government will pass on Monday the norms for enforcing the amendments to the Fiscal Code, even though these norms were supposed to have been passed by Wednesday

 

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Dominic Bruynseels,
CEO of BCR

The FIC plays a vital role as a sounding board and agent for change in the development of practical policies to address important issues for investors of all types in Romania – existing and new. Its role in working with different agencies in improving the business environment is critical as the competition for investment dollars accelerates around the world. In carrying out this role a constructive, continuous and consistent dialogue on key topics is maintained with the aid of professional inputs from member firms and the management of FIC. The collaborative approach FIC adopts marks it out as a true partner for the long term development of Romania.

 
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