Foreign Investors Council: foreign investments will continue to drop in 2010

The government needs to take immediate measures to attract foreign investments, considering that they will continue to drop in 2010, Foreign Investors Council Executive Director Doina Ciomag declared. Last year, foreign direct investments decreased by half compared to 2008, to about 5 billion euro. This tendency will be maintained in 2010, Ciomag declared for HotNews.ro.

The main disincentives are the financial crisis, trouble related to fiscality, trouble with the legislation, lack of measures to attract EU funds, difficult procedures for public tenders etc.

Doina Ciomag urged the government to take immediate measures to use European funds. On the medium and long term, public private partnerships should be developed.