Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

Lazea (BNR): Quality investors look for four aspects: labour force flexibility, infrastructure, justice and depth of financial markets

'Quality investors are looking for four aspects, when they decide to invest: the flexibility of labour force, infrastructure, the functioning of justice and the depth of financial markets.

A few things have been recorded for infrastructure and labour force flexibility. SO we have two out of four things,' the BNR senior economist Valentin Lazea said at a seminar organized by the Foreign Investors' Council on the topic of drawing up a list of ten priority projects for Romania.

'The type of investors we attract depends on macroeconomic conditions and investment conditions, Lazea added. Macroeconomic conditions will have to observe criteria of nominal convergence, so we will not have relaxation for inflation, deficits, etc. 'Not only because we are part of the euro plus pact or because we have an accord with IMF, but because any sliding would be sanctioned by foreign markets. The country risk has improved considerably. From the 9th most risky country we have become the 16th,' Lazea said.

According to him, Romania should pay attention to the investors it selects in the future. 'There are some foreign investors who feel good if macroeconomic conditions are relaxed and shaky, there are others who like institutional conditions on the brink of the rural, but we do not want to attract this type of investors,' Lazea explained.

Romania should expect from foeign investors capital injections (in the conditions of an insuffieicent domestic economy), a management and know-how contribution and openeing to foreign markets, Lazea said at a recent conference. At the same time, foreign investors are entitled to expect from Romania, besides relatively low taxes, cheap labour force and progress about improving infrastructure, labour force liberalization, the quality of the juridical system and deer financial market.

From EU Romania expects reintegration in the European family for all dimensions (economic, institutional, cultural, etc), grants of 20 billion euro and the gradual and sustainable progress to an average GDP/capita level.

In its turn, EU expects from Romania an economic growth strategy expressed by the National Reform Program, a prudent approach of public finances expressed by the Convergence Program which should bring macroeconomic indicators according to the Stability and Growth Program and an early correlation of PNR and PC provisions within the European Semester.

Romania expects cheap financing from IMF when conditions i9n international markets become worse from objective reasons, a conformity stamp for the country's long term policies and 'buying' the necessary time to carry out structural reforms.At the same time IMF has grounds to expect Romania to honour the engagements assumed and pay the contracted loans in time (which supposes permanent access to private stock markets).

Sursa: http://www.actmedia.eu

Tags: investors markets foreign romania financial conditions infrastructure labour lazea force flexibility euro bnr

Articole similare