| Investing in Romania?...things that make you go hmmm... |
| I must confess the question crossed my mind several times...; I mean, talking to Mr. Dan Pascariu CEO and Chairman of Bank Austria Creditanstalt, and reading hie interview in BIZ magazine, one of the things that he wanted to emphasize was the volatility of legal environment in our country and how it affects potential investors. And the bank that he runs being an investment bank, you can imagine the consequnces. Anyway, he was saying that whatever you have in the palm of your hand today, it's gone by lunch tomorow. Need you ask yourself the question whether your business has a future or not? Where would the spring of this problem be? Needless to say that the parliament...only that the parliament MAY NOT have the people to come up with a fit program of laws...not the right ones anyway... Mr. Daniel Daianu in his latest book "Where do ex-comunist countries head to?" was mentioning the lack, or absence more adequately said, of regulatory institutions in Romanian economy. Talking with Mr. Aurelian Sima, Country Manager for Motorola Romania, at one of the First Tuesday's Meetings, he was telling me about e-business and commerce. He sounded pretty much like..."let's say that I want to buy in Romania a vacuum cleaner and I buy it through the web, from a specific company that intermediates such things. If I'm not satisfied with the quality and conditions, where am I going to press charges? To the site that sold me (from where I have bought) the vacuum?" Nothing more true. To have good solid business, vigorous, clear, stimulating and long term law is needed to base it upon. For that we need adequately prepared people to conceive and release those laws. I think we should hand the project over to Mr. Dolanescu, don't you ? We're so much into revolutionary stuff and being free that we give freedom to people agress us on the street and when defeding ourselves, we might get charged with assault and battery. The thing is that of course, free innitative and entreprneurship are stimulated in a market economy; likewise free trade and do business. But these processes need to be kept in hand and regulated to keep fit the whole economy; measurement is key in business and everywhere (...if you don't measure it, it won't get done! - Matthias Molleney - Executive Vice President and HR Manager for Swissair at AIESEC International Congress 2001) The state doesn't interfere with processes but he reglates them to function well. This is the idea and reality of a free market economy; and not the one of a "everybody does what he likes ...and if he gets charged we'll see..." economy. The latter ends up in chaos, monopolitic markets, diform covering of needs, a diform economy at last. From here we have to go just one step to a diform social reality. Needless to say what that leads to... Click here for pro and counter arguments about investing in Romania. |
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| International business Investing in Romania |