Loading ...Foreign Direct Investments (FDI) surged to 3.2 billion euros in the first four months of the year, double the amount in the same period of last year, when they stood at 1.6 billion euros, announced on June 19 Minister of Economy and Finance Varujan Vosganian in a seminar on foreign investments.
"Foreign investments doubled in the first four months and what is more important they are investments into new projects. Romania offers numerous advantages. Apart of the fiscal transparency, we offer a secure market and a lower competition compared to the other countries in the region", said Vosganian.
The Minister stressed that the new Law on investments will be approved in the next week Government meeting by an Emergency Ordinance, this going to differentiate the distribution of state aid depending on the punctual needs and situations.
"The new law approaches several situations, from the creation of jobs to the regional development, energy efficiency, processing industry and industries we see as having priority. Let me give an example. If we will have an investor in a zero unemployment zone and an investor confronted with 7% unemployment rate, we are to support the latest", explained Vosganian.
He emphasized that the state can no longer grant state aid to all investors and that he had asked all ministries to prepare in 90 days their own state aid schemes.
"To these advantages offered to investors we must add the Fiscal Registry, specific to Romania and which offers investors the opportunity to know precisely what taxes and duties they have to pay", explained Varujan Vosganian.
The Minister said that over 90% of the taxes paid by foreign investors remain in Romania and just six – 7% of them, representing the tax on profit, are eluding.
The Minister said that over 90% of the taxes paid by foreign investors remain in Romania and just six – 7% of them, representing the tax on profit, are eluding.
"After 2006 the foreign investments dynamics has changed, from investments into existing capacities to new investments, when the offer comes from the companies and not from the state", said the Finance Minister.
During a meeting with representatives of the American Chamber of Commerce in Romania, the Minister of Finance estimated that the Foreign Direct Investments will attain eight billion euros this year.
Last year, Romania attracted Foreign Direct Investments of approximately seven billion euros.
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