Fiat has investment opportunities in Romania, says PM Boc

There are opportunities in Romania for big Fiat investment projects, Prime Minister Emil Boc said on Thursday at the end of a visit to Rome, where he also met Chairman of Fiat Group Loca Cordero de Montezemolo.

‘We did discuss the possibility of new Fiat investments. There is such an opportunity and a final decision will be made, but I cannot announce such a decision, but the investors can. I have presented Romania’s overall investment framework, the relevant legislative framework and the very clear political will of the Romanian Government to continue its plans to support investment and I believe there are good signals,’ said Boc.

He also said that at meeting with other important Italian businesspeople, including Chair of the Confindustria employers’ associations Emma Marcegaglia, the Romanian Government’s measures to support direct foreign investment and domestic investment were commended.

Boc mentioned that Italian investors appreciate the Government’s keeping the flat income tax at 16 percent, particularly under the current economic crisis, as well as the exemption from taxation of reinvested profits to be applied as from October 1 and keeping the Value-Added Tax at its current levels.

The Italian business executives were also interested in the policy of the Romanian Government concerning support for the public-private partnerships in modernising the country.

Boc also mentioned having told the bus inesspeople of Italy that Romania is a stable country both in terms of economy and in terms of politics, a country that is a member of the European Union that observes all the standards for investment security and development.

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