President Klaus Iohannis said on Wednesday evening in Ploiesti that business people are scared the most by unpredictable tax legislation and bribes, pointing out that Romania is a good location for investors. "We have had quite lively discussions on the so-called tax revolution in recent weeks. Such developments are exactly what investors do not want (...) You should know there are two things that scare business people a lot: legislative unpredictability and bribes. If you manage to eliminate even the local part of unpredictability and bribes (...) then you will see that success is almost immediate," Iohannis told a debate called "The Cities of Romania 100 years from the Greater Union. A smart future for Ploiesti," organised at the local University of Oil and Gas.
At the same time, the head of state said that many investors from Europe are looking for profitable locations for their businesses, and Romania is a good place for them. "Romania is a good location, but not all localities are well-seen because there are enough places where the administration does not really support investment," said Iohannis.