Transfer Pricing
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Dr. Florian HöpflThe company name is only visible to registered members.Romania
The government of Romania has accepted in 2005 an invitation from OECD countries to adhere to the OECD Declaration on International Investment and Mulinational Enterprises, marking their recognition of its general openness to foreign direct investment and supporting economic policies.
The Declaration calls for treatment of foreign investors by host country governments no less favorable than that applied to domestic enterprises. It also promotes voluntary standards of responsible business conduct under the framework of the OECD Guidelines for Multinational Enterprises.
Association with these OECD principles and standards will reinforce the Romania government's efforts to pursue investment-friendly economic reforms. As an adherent to the Declaration, Romania will share experiences with the 30 member countries of the OECD and the other adherents to the Declaration that include Argentina, Brazil, Chile, Estonia, Israel, Latvia, Lithuania and Slovenia.
Since the end of 2000, the Romanian government has introduced significant economic and regulatory reforms and in 2004 attracted over €4 billion of foreign direct investment, more than any other country in South Eastern Europe. Some large state-owned firms have been privatised and administrative burdens facing business reduced.
However, an OECD study of government policies to attract foreign investment conducted in February 2005 revealed that major challenges remain. The OECD urged the government to further reform its economy and complete its privatisation programme, as well as step up its fight against corruption and further reduce the administrative barriers facing the business community.
This information is taken from an official OECD site. Do you know the processing status?
- 28 Jan 2009, 4:01 pm
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Hans W. Waldvogel Premium Member Group moderatorThe company name is only visible to registered members.- 16 Sep 2009, 3:59 pm
