Peiu. Gold proposes to change the legislation for foreign direct investments

The Alliance for the Union of Romanians (Gold) has submitted a draft law aimed at modifying the legislation on foreign direct investments in Romania, an initiative that aims to reduce bureaucracy and align to European standards, so that Romania becomes more attractive to investors, « without compromising » national strategic interests, informs on Wednesday.

According to the initiator, the leader of the Gold Group in the Senate, Petrișor Peiu, the project provides to increase the minimum threshold for examining foreign investments from 2 million euros to 5 million euros, as well as introducing an additional condition: “Investments must represent at least 10% of the voting rights of a company. Real impact on national economy and security ”.

Peiu claims that the current threshold is too low and generates unnecessary bureaucracy, which discourages investors and warns that other European states have more flexible policies, limiting the examination of foreign investments only to larger amounts or in strategic sectors.

« Romania must be competitive and provide a clear and balanced legislative framework. The modification of the examination threshold will allow a better management of administrative resources and will stimulate the attracting of foreign capital, » it is shown in the reasons.

The legislative project is going to enter the debate of the Parliament, gold states.