Eight of the largest business organizations active in Romania have voiced their concern over the accelerating deterioration of the business climate and the erosion of Romania\u2019s credibility.<\/p>\n
The call is signed by AmCham Romania \u2013 American Chamber of Commerce in Romania, AOAR \u2013 Association of Romanian Businessmen, AHK \u2013 Romanian-German Chamber of Commerce and Industry, BEROCC \u2013 Belgium Luxembourg \u2013 Romania Moldova Chamber of Commerce, BRCC \u2013 British-Romanian Chamber of Commerce, Concordia \u2013 Confedera\u021bia Patronal\u0103 Concordia, FIC \u2013\u00a0\u00a0Foreign Investors Council, and RBL \u2013 Romanian Business Leaders. They gather numerous companies, including some of the largest in the country and top employers.<\/p>\n
The call points to the successive challenges and crises companies active locally have had to face in recent years and to the deepened deficits and stalled reforms due to the prolonged electoral context.<\/p>\n
\u201cEconomic growth relies on trust and predictability. In recent years, companies have had to navigate successive challenges and crises. The prolonged electoral context has deepened deficits and stalled critical committed reforms that are essential for securing financing, preserving jobs, and continuing planned investments,\u201d the call reads.<\/p>\n
Political decisions must reflect stability and coherence to keep Romania firmly anchored in its Euro-Atlantic path, seize strategic opportunities, and maintain its position on the investment map, the eight organizations explain.<\/p>\n
\u201cTo regain confidence in Romania, the private sector needs action and responsibility from all political actors\u2014ensuring a predictable economic environment, safeguarding the free market, the rule of law, and national security, while upholding Romania\u2019s European orientation and commitments to international structures. Rating agencies and institutional and strategic partners are also closely monitoring domestic developments and expect a swift and credible rebalancing of the country\u2019s economic outlook.\u201d<\/p>\n
The call also points to the business community\u2019s readiness to be part of the solution and the need for \u201cvision, determination, concrete and immediate steps toward achieving Romania\u2019s medium- and long-term commitments\u201d to prevent abrupt economic destabilization.<\/p>\n
Romania is due to hold the presidential run-off this Sunday, May 18.\u00a0The race between ultranationalist leader George Simion and independent candidate Nicu\u0219or Dan is extremely tight, with a recent poll <\/a>crediting both with equal voting intentions.\u00a0<\/p>\n Erste estimates Romania’s central bank sold EUR 6 bln to keep currency stable after presidential ballot<\/a><\/p>\n