“Many Italian entrepreneurs who invested in Romania have no intention on fleeing the country, but they need help to cope with the crisis. They want the income tax to remain at current level and the administrative decision-making process to be improved, locally and nationally”, said Mario Cospito, the Italian ambassador at Bucharest, as quoted by NewsIn.

Cospito added that the 20,000 Italian entrepreneurs in Romania want more transparency and certainty in the auctioning process and faster refund of the VAT.

“In a nutshell, less bureaucracy and more understanding of the entrepreneurs and businesses’ needs”, he added.

According to the ambassador, Italian companies in Romania fetch around 12% to the country GDP.