Gabriela Podașcă, Governmental Affairs Director at Philip Morris Romania, stressed the need for more fiscal and legislative predictability to boost investor confidence. In an interview with Business Review, she said Romania must take a stronger stance to protect its economic interests within the European Union.
Key Details
Podașcă pointed out that a country's credibility is crucial for attracting global investors. She stated, "For international groups such as PMI, long-term investments are not built only on economic indicators and operating costs. They also depend on the predictability of public policies, the fairness and quality of engagement with the authorities, fiscal and legislative stability and, above all, confidence that the rules of the game evolve transparently and predictably."
According to Podașcă, Romania has shown it can attract major global investments. The Philip Morris factory in Otopeni is a key production hub for the company. She noted that significant investments require long-term commitments and are closely watched by international investors. Changes in Romania can affect future business and capital allocation decisions.
Background
Podașcă's comments come as Romania aims to rebuild investor confidence amid various challenges. The country is working to improve its legislative environment and strengthen its ties with European policymakers to create a stable investment climate. For more on Romania's investment landscape, see Romania Seeks to Restore Investor Confidence Amid Challenges.
The focus on boosting investor confidence may affect sectors that rely on foreign investment, especially in manufacturing and technology. Greater stability could lead to increased capital inflows and support economic growth in Romania. Keep an eye on upcoming legislative changes and European policy discussions that could impact the investment climate.
Based on reporting by: business-review.eu