Europe
\ncontinues to be the most profitable destination for American investments in the
\nlong run, and Romania must capitalise on its strengths and strategic
\nadvantages. This is one of the conclusions of the debate held on Tuesday by the
\nAmerican Chamber of Commerce in Romania, attended by the US Ambassador to
\nBucharest, Hans Klemm, who made a very lucid analysis of this country. <\/p>\n
<\/p>\n
\n
\n
\n
<\/p>\n
According to the newly appointed ambassador, Romania is
\nblessed with considerable resources. With a highly educated, multi-lingual,
\ntech savvy population, Romania is well positioned to attract investors, and to
\nserve as an investor’s launch pad for the region. Romania is also
\nfortunate to have diversified natural resources – energy, agriculture,
\nforestry. Lastly, Romania’s strategic location offers great
\npotential. At the border of the European Union, it is also at a crossroad
\n– North, South, East and West. Realizing that Romania’s location offers
\nthe promise of increased economic ties with EU aspirant nations and beyond, smart
\ninvestors would seek out a transparent, stable and predictable Romania. Romania therefore should seek, incentivize and secure investments that would
\nultimately benefit its citizens through jobs and access to secure energy. <\/p>\n
<\/p>\n
\n
\n
\n
<\/p>\n
Therefore,
\naccording to the US Ambassador, Romania should keep on making efforts to
\nimplement those structural reforms that will increase labour market
\nparticipation, reduce regulatory barriers, encourage greater entrepreneurship
\nand open sectors to more international competition and investment. These
\nreforms, Hans Klemm said, include improvements to the country’s
\ninfrastructure, a deepening of the technical and administrative capacity of the
\nfiscal and public administration, and the privatization of state owned
\nenterprises through initial public offerings. <\/p>\n
<\/p>\n
\n
\n
\n
<\/p>\n
Moreover,
\nthe US Ambassador stressed the need for Romania to break the cycle of political
\ninfluence in economic decision-making. As the year 2016 is a double election
\nyear – local and parliamentary – Romanian politicians are invited to put aside
\nshort-sighted political concerns and focus on the long term good for the
\ncountry, so that all Romanians reap the benefits. Also, politicians should
\nprotect and publicly defend those prosecutors that pursue corrupt actors, and
\nvocally support an independent judiciary, the US official also said. <\/p>\n
<\/p>\n
\n
\n
\n
<\/p>\n
Hans Klemm
\nalso stressed the fact that Romania’s ongoing anti-corruption efforts are a
\ntestament to the country’s commitment to democratic values, and to ensuring
\nthat all citizens can prosper through honest, hard work, rather than nepotism
\nor membership in unscrupulous patronage networks. Finally, the US Ambassador
\nHans Klemm stressed the fact that in Romania, a country that has made
\nsignificant contributions to international peace, security is not just a matter
\nof military cooperation. Security also encompasses rule of law and sustainable
\neconomic growth. <\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
According to the US Ambassador to Bucharest, Hans Klemm, Romania must break the cycle of political influence in economic decision-making.<\/p>\n","protected":false},"author":109,"featured_media":65621,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37738],"tags":[31602,29292,19347,33080],"coauthors":[],"class_list":["post-65620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-today-in-the-news","tag-business","tag-hans-klemm","tag-romania","tag-us-embassy"],"acf":[],"yoast_head":"\n