ASSESSMENT OF ROMANIA'S BUSINESS ENVIRONMENT AND INVESTMENT CLIMATE

In order to attract foreign investments, Romania's goal is to maintain a favorable investment climate, which includes long-term macroeconomic stability, the stability of the legislation that will ensure the investors' rights and clear rules regarding the investment activity, the development of the business infrastructure, including the legal, financial services etc., as well as other components, among which the transparency in the activity of the government bodies, the faith in the business environment etc. The foreign direct investment stocks received by Romania are relatively small in comparison with the other countries, members of the EEC (especially Estonia, Hungary and the Czech Republic), being very concentrated in the areas with a high level of development and a more modern physical infrastructure. The article assesses Romania's investment and business environment and identifies the measures that must be taken as soon as possible, in order to increase the foreign capital attracted to the economy. Research methodology includes "bottom to top" analysis of the mentioned indicators. The economic method of comparison has been used to compare macroeconomic effects and positive implication of foreign direct investments is determined by their contribution to economic growth.