American Chamber of Commerce in Romania
ANNUAL GENERAL MEETING
March 29, 2012
Crowne Plaza Hotel, Crown Ballroom
Bucharest, Romania
2012 Annual General Meeting Agenda
First Call: 17:30 (in case the statutory quorum of 50% will not be met – second call)
Second Call: 18:00
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Welcome – Alexandra Gatej, AmCham President
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Remarks U.S. Ambassador Mark Gitenstein, Honorary AmCham President
Remarks Lucian Croitoru, Advisor to the Governor of National Bank of Romania
Q&A
AmCham Advocacy Highlights 2011
2011 Activity and Financial Reports
2012 Activity Plan and Budget Approval
Next on AmCham’s Agenda
How to use your AmCham Membership
AmCham Awards
Results of Elections for the 11(eleven) members of the Board of Directors and
the 3 (three) members of the Auditing Commission
Networking Cocktail
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American Chamber of Commerce in Romania
ANNUAL GENERAL MEETING
March 29, 2012
Crowne Plaza Hotel, Crown Ballroom
Bucharest, Romania
2011 Overview
 AmCham consolidated its position as leading representative of the
business community in Romania
 Main achievements in 2011:
Advocacy activity
- Visible success in selected advocacy efforts - 49 position doc. (vs. 34 in 2010)
- Maintained open access to the Government
- 58 events generated by committees + learning & innovation workshops
Increased membership engagement
- 58% - members actively engaged in committees work (50% in 2010)
- 89 % of members (aprox. 1,540 persons) attending at least of one AmCham’s
business events (+ 1,500 at the July 4th party)
- 310 members (by end of Dec. 2011) – 35 lost members, 59 new members
- 116% - annual membership retention rate (in revenues from dues)
Development of new services for members (i.e. learning & innovation workshops)
 Partnerships with other business associations and key players
AmCham Partnerships
Strategic Partnerships (not formalized, but functional on various areas related to
AmCham’s advocacy agenda)
 World Bank
 IMF
 FIC
 ANIS
Romanian Competiton Council
Ministry of Education
Ministry of Labor
Ministry of Justice
U.S. Embassy & US Foreign Commercial Service
American-Romanian Business Council
Partnerships to support Members’ initiatives
ARC Romania – People for People Gala (CSR Awards)
Media Partnerships
Mediafax
The Diplomate
Business Review
Competitiveness Report 2011
Structure of the Policy Areas
Economic policy was split into six areas covering specific aspects of policy
making:
 General - macro outcomes of the other five policy areas combined: the
indicators listed represent the desired outcome of economic policy;
 Legislative framework - effectiveness of legislation;
 Public administration – public services and regulation enforcement;
 Physical Infrastructure – physical infrastructure development;
 Human Resources – aspects related to labor force, education and
research;
 Fiscal/Monetary policy – acces to capital, fiscal policy and capital markets.
Benchmarking group : Austria, Bulgaria, Czech Republic, Hungary, Poland and Slovakia.
Competitiveness Report 2011
Overall Competitiveness Score (1)
Romania may have to leverage some of its advantages to improve its
performance across the board;
Indexed against the European Union average, Romania performs slightly
above average in general indicators and public administration;
Below average in physical infrastructure, human resources and fiscal/financial;
Romania‘s score in the general indicators is heavily biased by one advantage:
a low comparative level of government subsidies. Otherwise, the country had
8 disadvantageous indicators to 5 advantageous;
Public administration - balanced: 10 advantages to 10 disadvantages;
Physical infrastructure and human resource results were less balanced:
combined, the country has more than double the disadvantages (27) to
advantages (10).
Competitiveness Report 2011
Overall Competitiveness Score (2)
Within the benchmarking group, Romania performs around the
average in general indicators, public administration and physical
infrastructure, and below the average in human resources and
fiscal/financial policy. The country‘s overall performance is at a
slight competitive disadvantage to the other six countries in the
regional subset.
Policies to address deficiencies in infrastructure and human
resources. Increase the level of investment in both human capital
and assets (tangible and intangible).
Competitiveness Report 2011
General Policy Competitiveness
Set up a Competitiveness Unit under PM’s office - link CoNaCo,
to promote and implement policies and policy synergies that lead
to an increased economic competitiveness for Romania;
Support integrity, quality and accountability of public
administration to support the quality of public services;
Stimulate R&D and innovation.
Executive Survey
Offers a broad estimate of business environment perception of
the main areas analysed (economy, public administration and
business environment);
Expectations for a medium term horizon of 5 years;
Over 200 business leaders whose companies operate in Romania.
Government and Public Service
The government received fairly low marks in the various areas of economic policy;
On a scale of 1 (worst) to 10 (best), the government received an average score of:
3.83 on the legislative and regulatory environment,
3.08 for public administration,
2.95 for physical infrastructure development,
4.09 for human resources,
4.54 for fiscal and monetary policy.
Findings are roughly in line with the statistical indicators analyzed previously, which
indicate Romania needs considerable improvements in virtually all of these areas.
Legislative and Regulatory Framework
 Scores ranging from:
 a minimum average rating of 4.53 for environmental protection,
 a maximum average rating of 5.50 for labor relations.
 Compared to other European countries, public administration in Romania has
received an average score of 3.19.
 Physical infrastructure - a wide range of scores:
 a low of 3.07 for transportation infrastructure and 3.27 for healthcare,
 a high of 6.52 for commercial space and 7.58 for communications and ICT.
Human Resources
 Generally received highly appreciated by CEOs;
 Average ratings range from 5.37 for internationally experienced management and
5.99 for professional service and admin to 6.95 for advanced degrees in science and
math and 7.33 for linguistic ability;
 Qualities of the workforce receiving the highest marks include creativity and
education, whereas discipline and decision-making are perceived as particularly
problematic;
 Lack of competitiveness that characterizes Romanian on the R&D and innovation
front;
 Average rating for government effectiveness in setting the direction and funding of
innovative research that has commercial potential stands at 3.09.
Expectations for medium term
Over 57% of the CEOs surveyed have indicated their company will increase capital
investment in Romania by either up to 50% or more over the next five years;
Approximately 64% of respondents have mentioned their average number of
employees in Romania will increase by either up to 50% or more;
Almost 62% of the CEOs surveyed have indicated their company’s investment in
Romania has met expectations, and 19.9% have indicated it has actually surpassed
expectations;
Most of these decisions seem to be motivated by local demand for their products
or services and local business environment.
AmCham Advocacy Highlights, 2011
Active Committees in 2011:
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CAPITAL MARKETS
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COMPETITION AND STATE-AID
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CORPORATE GOVERNANCE
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ENERGY & ENVIRONMENT
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HEALTHCARE
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INFORMATION AND COMMUNICATION TECHNOLOGIES
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LABOR & EDUCATION
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PUBLIC PROCUREMENT, PPP, INFRASTRUCTURE
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STRUCTURAL FUNDS
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TAXATION
Capital Markets Committee
Chairman: Peter Weiss, Bancpost
2011 Advocacy Report
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Made available to the IMF – EC - WB delegation to Bucharest short term solutions to
address issues related to privatizations and capital markets.
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Elaborated the presentation of the capital markets in Romania, including
recommended solutions.
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Submitted through the Taxation Committee recommended amendments to the Fiscal
Code to address cumbersome reporting requirements.
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Met jointly with the Taxation Committee with representatives of the Brokers’
Association, Fund Administrators’ Association and Romanian Banking Association to
identify generally accepted solutions to the necessity of removing the quarterly
declaration and payment of capital gains tax.
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Met with the IMF representative to Bucharest to find out about IMF’s priorities on the
capital markets.
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Started the elaboration of the Capital Markets position paper identifying short term
and medium to long term priorities and solutions for the capital markets development
in Romania.
Capital Markets Committee
Chairman: Peter Weiss, Bancpost
2012 Advocacy Priorities
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Promote the recommendations detailed in the Capital Markets position paper
with relevant authorities.
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Organize an event with Romanian officials to share the expertise and actions
taken by other countries in Europe that led to the development of capital
markets.
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Get into partnerships with organizations that have similar goals as AmCham in
order to have a better impact in promoting measures to develop the capital
market.
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Jointly promote with the Taxation Committee recommendations to further
amend the Fiscal Code.
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Generate dialog within the Ministry of Finance, with the participation of all
stakeholders, to identify solution to the declaration and payment of capital
gains tax issues.
Competition and State-Aid Committee
Chairman: Tibor Pandi, Citibank
2011 Advocacy Report
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Up-dated position paper on EO 75/2010 amending the Competition Law.
Proposed amendments to the Draft Guidelines on file access.
Proposed amendments to the Draft Regulations regarding complaints.
Proposed amendments to the Draft Guidelines regarding sanctions.
Proposed amendments to the Draft Regulations on contraventions.
Proposed amendments to the Draft Regulations regarding economic concentrations.
Up-dated recommendations to the Draft Regulations regarding economic
concentrations.
Up-dated recommendations to the Draft Guidelines regarding sanctions.
Made recommendations to the Draft Unfair Competition Law.
Organized the workshop on Legal Aspect and Economics of Vertical Restraints with the
Competition Council.
Organized several technical meetings with the representatives of the Competition
Council to detail on the recommendations advanced by the committee.
Competition and State-Aid Committee
Chairman: Tibor Pandi, Citibank
2012 Advocacy Priorities
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Organize specialized competition related workshops with the participation of
Competition Council’s representatives and prominent international and national
competition experts.
Provide feedback on draft competition related legislation.
Continue the cooperation with the Competition Council and organize technical
meetings with them.
Support other AmCham committees on aspects related to restrictions which
might affect competition.
Support AmCham member companies on competition related issues.
Corporate Governance Committee
Chairman: Anda Todor, Salans
2011 Advocacy Report
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Organized an event to present the new provisions of the Civil Code impacting the
business environment.
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Formulated a position to the consultation launched by the European Commission that
addressed the ways in which corporate governance of European companies can be
improved.
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Organized a series of seminars on corporate governance and New Civil Code issues
which are relevant for companies (currently ongoing).
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Formulated suggestions to amend the Companies Law (Law no. 31/1990).
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Formulated suggestions for enactment on corporate governance in public companies
(E.G.O. 109/2011).
Corporate Governance Committee
Chairman: Anda Todor, Salans
2012 Advocacy Priorities
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Define a set of guidelines on anti-corruption/bribery for AmCham members.
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Continue the training sessions on corporate governance and New Civil Code
issues.
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Continue the work on insolvency issues in collaboration with the Justice
Ministry’s working group.
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Explain new provisions impacting the business environment of the other 3 new
codes expected in the near future (Civil Procedure Code, Penal Code and Penal
Procedure Code).
Energy and Environment Committee
Chairman: Carmen Neagu, General Electric
2011 Activity Report
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Advocated for the enforcement of Law 220/2008 on renewable energy: submitted
jointly with RWEA and FIC a position letter to the Prime Minister, made an inventory of
secondary legislation needed to enforce Law 220/2008.
Advocated for the elaboration of a comprehensive Energy Strategy:
 Provided the Ministry of Economy with a position letter highlighting a set of general principles
and observations related to the proposed Energy Strategy.
 Elaborated the table of contents of the Energy Strategy and presented it within the Consultative
Council of the Committee for energy security (CISE) where AmCham is a member.
 Promoted the proposed Table of Contents for the Energy Strategy with EBRD to find out the
conditions to get an EBRD grant for the elaboration of the Energy Strategy.
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Introduced thermal energy focus as major energy efficiency resource. Elaborated a
stakeholders’ map for the thermal energy sector to serve as basis for further initiatives
in 2012.
Organized a focused event on Smart Grids with the participation of targeted private and
public sector representatives.
Organized meetings with Leonard Orban, Minister Ion Ariton, MAI on district heating,
IMF representatives to Bucharest.
Energy and Environment Committee
Chairman: Carmen Neagu, General Electric
2012 Advocacy Priorities
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Maintain the position of cooperation catalyst among energy and environment
stakeholders and continue to present AmCham’s recommendations within CISE.
Keep advocating for the elaboration of a comprehensive Energy Strategy.
Monitor the transposition of the 3rd energy package.
Strengthen collaboration with authorities to contribute to legislative initiatives and
channel public resources towards strategic sectors.
Increase AmCham’s educational role regarding technologies, impact, best practices, and
also cultivate a relationship with the mass-media to avoid further speculations.
Focus on Energy Efficiency in light of the National Plan for Energy Efficiency to be
drafted. Continue the focus on thermal energy.
Use members’ expertise to expand committee’s activity in the area of energy resources
from the exploitation point of view and increase committee’s expertise in the gas area.
Further advocate for the smart grids concept and solutions in the Romanian energy
sector.
Collaborate with other AmChams in the region to launch a regional energy program.
Healthcare Committee
Chairman: Pascal Prigent, Glaxo Smith Kline
2011 Advocacy Report
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Contributed to the National Strategy for Health Technology Assessment (HTA) project, in
collaboration with the Ministry of Health.
Organized a conference regarding the Value of Innovation and HTA, in partnership with LAWG
(October 2011).
Attended (as AmCham HTA subcommittee/ MoH working group representative) the meeting
organized by the European Commission team in Romania & CNAS – Assessment of the
transposition of Directive 2011/24/EU on the application of patients’ rights in cross-border
healthcare (October 2011).
Submitted 4 position papers on the clawback tax throughout the year.
Call for consultations on the new Healthcare Law to various stakeholders, including the
Presidential Healthcare Advisor, Virgil Paunescu and the Presidential Healthcare Commission
President, Cristian Vladescu
Participated to a series of meetings with MoH representatives: SoS Adrian Streinu Cercel (on
HTA Strategy and the new Healthcare Law), SoS Vasile Cepoi (on the new Healthcare Law).
Submitted contributions on the new Healthcare Law, as part of the ongoing consultation
process with MoH.
Healthcare Committee
Chairman: Pascal Prigent, Glaxo Smith Kline
2012 Advocacy Priorities
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Define, submit & advocate for a general set of principles agreed by Committee
members to be included in the new Healthcare Law, in order to ensure a
functional & sustainable law which puts the patient in the centre.
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Continue the dialogue with key stakeholders in order to ensure a transparent
and predictable decision making process.
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Provide support in the implementation of the HTA legislation.
ICT Committee
Chairman: Ronald Binkofski, Microsoft
2011 Advocacy Report
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Ellaborated a position paper having as anchor the setting up of a CIO Office under the
Prime Minister direct coordonation.
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Elaborated a position paper on KBES (Knowledge Based Export Services) to promote
the incentives and development of this sector.
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Organized meetings with Mr. Emilian Zahan, Cabinet Director at MCSI to discuss the
Ministry’s priorities.
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Organized a meeting in partnership with the Energy & Environment Committee on
smart grids issues.
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Organized another edition of an open day event within House of Parliament on eGovernment issues.
ICT Committee
Chairman: Ronald Binkofski, Microsoft
2012 Advocacy Priorities
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Advocate for the setting-up of the CIO Office, as part of a modern state
development.
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Continue the promotion and helping the implementation of the KBES task force
objectives.
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Increase the percentage of the EU funds allocated for the IT&C sector, through
strategic programs.
Labor and Education Committee
Chairman: Radu Enache, HP
2011 Advocacy Report
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Elaborated and promoted recommendations to the Social Dialog Law.
Presented AmCham’s opinions in interviews and press articles related to the
amendment of the labor legislation.
Put together questions regarding the new provisions of the Labor Code and the Social
Dialog Law and shared them with ITM and the Ministry of Labor.
Organized 3 roundtable discussions with ITM (2) and the Ministry of Labor to get
clarifications on the application of the new provisions of the labor legislation.
Provided feedback on Social Marginalization Law, Social Services Quality Assurance
Law, Social Economy Law, Law regarding Subsidies to the Social Assistance Units.
Met with Ministers of Labor Sulfina Barbu and Claudia Boghicevici to present
AmCham’s labor related priorities and contribute to the Ministry agenda.
Signed partnerships with the Ministry of Education and Ministry of Labor
Elaborated proposed amendments to the Labor Code and Social Dialog Law at one
year of implementation.
Labor and Education Committee
Chairman: Radu Enache, HP
2012 Advocacy Priorities
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Advocate for the implementation of AmCham’s proposed amendments to la
Labor Code and Social Dialogue Law.
Based on input from member companies, initiate specific activities to address
the competitive disadvantages identified by AmCham’s Competitiveness Report
in the Labor and Education areas.
Organize meetings with labor and education authorities to promote AmCham’s
recommendations in these two areas.
Contribute with priorities to the elaboration of Romania’s strategy for 2014 –
2020 financial cycle.
Identify specific issues with the functioning of REVISAL program and raise them
with ITM representatives.
Public Procurement, PPP, Infrastructure
Chairman: Bogdan Balaci, IBM
2011 Activity Report
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Elaborated and promoted the position paper on the PPP mechanism in
Romania, highlighting the economic arguments in favor of a PPP mechanism,
the main inconveniences of the Romanian PPP legislation and the bankability of
the PPP projects.
Elaborated recommendations to the EO 39/2011 amending the PPP Law
Made an inventory of successful PPP projects across Europe to be used as a
supportive document in AmCham’s efforts to address the inapplicability of the
PPP law.
Contributed to the assessment of the public procurement system in Romania
conducted by Deloittee and monitored legislatives changes in the field of
secondary public procurement legislation in view of organizing meetings with
ANRMAP in order to improve such legislation.
Organized meetings with the representatives of the Ministry of Transportation,
Ministry of Finance, head of the PPP Unit under SGG, members of the IMF-EC
delegation.
Public Procurement, PPP, Infrastructure
Chairman: Bogdan Balaci, IBM
2012 Advocacy Priorities
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Keep advocating for a functional PPP legislation in Romania.
Organize an event with CNSC to clarify complaint procedure related aspects of
relevance to the business community.
Focus on green public procurements.
Advocate for the combination of public-private-partnerships and EU funds for
the 2014 – 2020 financial period.
Analyze and give feedback on the bidding and awarding documentation
standardization project carried out with EIB funds.
Structural Funds Committee
Chairman: Wolfgang Schoiswohl, BCR
2011 Advocacy Report
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Identified the EU funds related priorities within the committee and met with PM’s
Councilor and the ACIS team to promote them.
Met World Bank experts and shared committee’s priorities to be taken into
consideration for the EU funds assistance program that was to be designed.
Provided Minister Orban with the position paper on Measures to Increase Absorption
and met with him and his team of experts to further substantiate the recommendations.
Initiated the AmCham internal consultation process, cross-committees, to identify
business community’s priorities for the 2014 – 2020 financial exercise.
Organized a business breakfast with Minister Orban and discussed measures already
taken by MAEur to address EU funds management issues, as well as plans for the 2014 –
2020 programming period.
Attended through its members the conference organized by the MAEur to launch at the
national level the EU funds programming process for the period 2014-2020.
Structural Funds Committee
Chairman: Wolfgang Schoiswohl, BCR
2012 Advocacy Priorities
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Provide the Ministry of Finance with suggestions to expand the scope of GD
1680/2008 to R&D and high-end technologies, as a follow up to the findings of
the Romania Competitiveness Report.
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Advocate for canceling the grant contracts that recorded significant delays in
implementation, in order to avoid the risk of funds de-commitment.
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Advocate for improved physical infrastructure in conjunction with the Public
Procurement, PPP, Infrastructure Committee and encourage the combination of
public-private-partnerships and EU funds for the 2014 – 2020 financial period.
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Advocate for the implementation of JESSICA mechanism in the current financial
exercise to avoid the risk of funds de-commitment.
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Collect and harmonize across AmCham committees priorities for 2014 – 2020
financial period and promote them with authorities.
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Organize business meetings with officials and authorities involved in the EU
funds management.
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When appropriate, initiate or get into partnerships for an improved impact.
2014 – 2020 EU Financial Framework
Thematic objectives in line with the Europe 2020 Strategy (WHAT)
 Strengthen research, technological development and innovation.
 Enhance access to and use and quality of information and
communication technologies.
 Protect the environment and promote resource efficiency.
 Promote sustainable transport and remove bottlenecks in key network
infrastructures.
 Enhance the competitiveness of small and medium-sized enterprises.
 Enhance institutional capacity and an efficient public administration.
2014 – 2020 EU Financial Framework
Institutional architecture adjustments (HOW)
 Design a flexible institutional architecture for managing and
implementing structural funds (structure of OP’s, reimbursement
channels, adequate balance between centralization of funds
management and local instruments etc).
 Create tailored disbursement mechanisms according to the needs of EU
funds beneficiaries (including private IB’s, involving banks in funds
disbursement, using financial engineering instruments etc).
 Introduce revolving loans-grant blended scheme with a reimbursable
component, for certain measure/operations, along with simple grant
schemes and outsource their management and implementation to
private entities.
 Introduce innovative financial tools, e.g. portfolio guarantees, interest
rate subsidy, blending of loans and grants.
 Use Jessica mechanism for urban infrastructure projects.
 Combine PPP projects with EU funds.
Taxation Committee
Committee Chair: Ionut Simion, PwC
2011 Advocacy Report
Advocated for the modernization of the fiscal legislation, for the re-writing and
republishing of the Fiscal Code by:
Coordinating the third edition of proposing amendments to the Fiscal Code and Fiscal Procedures
Code jointly with other business associations.
Proposing amendments to several pieces of legislation amending the fiscal legislation.
Identifying and promoting with the MoF the top five fiscal priorities that should be solved.
Including in WB’s agreement with the Government the obligation for the MoF to re-write and
republish the Fiscal Code by October 2012.
Advocated for the modernization of ANAF and for improving tax collection by:
Organizing meetings and roundtable discussions with ANAF leadership.
Meeting with WB’s representatives to voice business community’s concerns and availability to get
involved.
Advocated to maintain the flat tax and reduce social security contributions by:
Having meetings with MF representatives and sustaining these principles.
Issuing a press release highlighting the opportunity to cut social contributions.
Meeting with the President of the Fiscal Council and IMF to discuss these aspects.
Became a member of the Social Dialog Commission at the MoF.
Advocated for a functional Fiscal College, as the relevant consultation body with MoF.
Taxation Committee
Committee Chair: Ionut Simion, PwC
2012 Advocacy Priorities
• Keep advocating for a modern, rewritten and republished Fiscal Code.
• Give input to World Bank’s project on the modernization of the fiscal
administration.
• Monitor and react to relevant tax related initiatives at national level, as
well as at EU level.
• Maintain an open dialog with decision makers and international
organizations to promote committee’s views and recommendations.
• Continue the advocacy efforts to address the portfolio of receivables
issues.
• Continue the dialog with authorities on the top fiscal priorities
identified by the business community.
• Communicate committee’s views in the media when appropriate.
AmCham Membership
235
263
286
310
143
2002
Total
2005
Corporate
2007
Business
2010
Non profit
2011
Individual
AmCham Visibility in 2011
AmCham’s visibility in 2011 was enhanced by way of three main channels:
I.
Press releases related to AmCham advocacy projects as well as regarding other areas of its
activity, interviews of AmCham representatives, AmCham tehcnical opinions requested by the
business media
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A total of 7 press releases issued in 2011
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A significant number of requests for interviews with AmCham representatives from
the business media .
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Most of AmCham’s exposure came in light of the advocacy efforts made towards
increasing Romania’s competitiveness (starting with May, 2011 and up to December,
2011 when the Romania Competitiveness Report was released).
II.
AmCham Press Meetings & Conferences
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May 12, 2011 – Press meeting on the priorities set by the newly appointed Board of
Directors in view of improving Romania’s competitiveness and further attracting foreign
investments
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September 13, 2011 – Press Conference on the joint efforts of AmCham Romania and
Foreign Investors Council (FIC) to re-write and update the Fiscal Code and the Fiscal
Procedure Code
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October 11, 2011 – Press meeting to expose AmCham’s position regarding the
Clawback Tax, a highly limitative agent for all pharmaceutical companies in Romania.
III.
Partnerships with members/event organizers/media
AmCham Visibility in 2011
AmCham atrage atentia asupra limitarilor procedurii de esalonare AmCham, îngrijorată de strategiile
rămase pe hârtie din sectorul energetic AmCham: Avem nevoie de victorii mărunte şi
dese ca să atragem din nou atenţia investitorilor AmCham in favoarea reducerii CAS
AmCham: Prioritatile pentru cresterea competivitatii economice a Romaniei Alexandra Gatej,
AmCham: Iesirea din recesiune, un semnal important pentru investitori Investitorii străini
cer un Cod fiscal modern Alexandra Gatej elected president of AmCham Romania, new board in place
AmCham și CIS: Procesul de consultare cu Ministerul Finanţelor este deficitar AmCham: Taxa
clawback va ţine investiţiile din farma departe de România AmCham prezinta impactul taxei
clawback asupra mediului de afaceri local Mark Gitenstein: Investitorii americani îşi vor
majora investiţiile în România, posibil cu 50% în cinci ani AMCHAM LANSEAZĂ
RAPORTUL DE COMPETITIVITATE A ROMÂNIEI. Ţara noastră are 25 de avantaje competitive şi 49
dezavantaje. Camera de Comerţ Americană despre avantajele şi dezavantajele competitive ale României. Cât de mult contează
cheltuielile de la Sănătate AmCham: Doar un numar redus de companii va putea apela la esalonarea
datoriilor catre Fisc Businessmen vs. authorities over lowering social contributions AmCham:
Reducerea contribuţiilor sociale ar creşte colectarea pe termen lung Investitorii straini cer un cod
fiscal mai sanatos. Vezi aici solutiile lor AmCham: Clawback Tax Discourages Investment on
Pharmaceutical Market
One-off Achievements
New Office Space (innaugurated in July 2011)
Melania Roman (born March 1, 2012)
Services for Members
Advocacy
 Business Networking (@ events, workshops, trade missions)
Members2Members Services (special discounts)
 U.S. Business Visa Facilitation
 Learning & Innovation Center
 Market Access (AmCham network worldwide)
 EU Funded Projects
AmCham Patron Members 2011 (I)
AmCham Patron Members 2011 (II)
AmCham Patron Members 2012 (I)
AmCham Patron Members 2012 (II)
2011 Audit Reports
Our Special Thanks to:
 RSM Scot, Audiconsult si George Vascan for
their continuous accounting assistance and
internal audit.
 Ernst & Young for the external audit.
American Chamber of Commerce in Romania
ANNUAL GENERAL MEETING
March 29, 2012
Crowne Plaza Hotel, Crown Ballroom
Bucharest, Romania
AmCham AGM Decisions
I.
Approve 2011 Activity & Financial Report
II. Approve 2012 Budget
2012 Preview
Advocacy Leads AmCham will pursue in 2012:
 Romania’s position within the next EU Financial Framework
(2014-2020).
 Transparency, predictability, stability for the business
environment.
Elaborate antibribery & corruption set of rules
Prepare AmCham members to apply the norms for the new Civil
Procedure Code and Criminal Code
 Planning , coordination and implementation to comply with EU
engagements assumed in the pre-accession negotiations.
 Coherent & coordinated vision and strategy for Romania’s
growth and increased competitiveness.
Healthcare Legislation.
Modernization of fiscal administration and fiscal legislation.
2012 Preview
 Market Access (welcome package for members entering
new countries/areas)
 CEO Roundtable
 Trade Missions (US, Moldova, Croatia, Serbia)
 Commercial Services / Promotion / Partnerships
 Inter-chambers of commerce networking events
 Solutions for Romania (consultation platform)
 Special workshops with Corporate Affairs, Marketing,
Finance, CSR
AmCham Members Satisfaction Survey
“AmCham is an island of normality in an ocean of chaos.”
(AmCham member input in the Survey)
• Please fill in the Membership Satisfaction Survey and provide us with your
feedback on our work, as well as with your recommendations for a better
and stronger AmCham.
The AmCham Team-at-Large
March 2011 – 2012 Board of Directors
Alexandra Gatej, Maldon Wat, President
Carmen Neagu, General Electric, Vice-President
Ionuţ Simion, PwC , Vice-President
Peter Weiss, Bancpost, Treasurer
Wolfgang Schoiswohl, Banca Comerciala Romana
Tibor Pandi, Citibank
Pascal Prigent, GlaxoSmithKline
Radu Enache, Hewlett-Packard
Bogdan Balaci, IBM Romania
Ronald Binkofski, Microsoft
Anda Todor, Salans
March 2011 -2012 Auditing Committee
Florentina Grigore, RSM Scot
Serge Gonvers, Audiconsult
George Vascan
AmCham Team
Anca Harasim, Executive Director
Letitia Pupazeanu, Advocacy & Investment Manager
Mihaela Gusu, Finance & Operations Manager
Andreea Roman, Communication & Membership Develop. Manager (as of Febr 2012 on maternity leave)
Lavinia Dragomirescu, Communication & Membership Coordinator (starting January 2012)
Camelia Stanciu, Events & Marketing Manager
Dan Dochia, Administration Coordinator
Thank you!
LAURENTIU DINU, ACCREO
Thank you!
IOANA GHEORGHIADE, BCR
Thank you!
RAMONA IVAN, BCR
Thank you!
DORIN TEODORESCU, BCR
Thank you!
CRISTINA RANDJAK,
bpv GRIGORESCU STEFANICA
Thank you!
NICOLAE URSU,
bpv GRIGORESCU STEFANICA
Thank you!
VLAD PELIGRAD,
CLIFFORD CHANCE BADEA
Thank you!
ANDREEA SISMAN,
CLIFFORD CHANCE BADEA
Thank you!
EMANUEL BANCILA,
DAVID SI BAIAS
Thank you!
VALERIU BINIG, DELOITTE
Thank you!
RALUCA BONTAS, DELOITTE
Thank you!
LIVIA CONSTANTINESCU,
DLA PIPER
Thank you!
CORINA MINDOIU,
ERNST & YOUNG
Thank you!
CLAUDIA SOFIANU,
ERNST & YOUNG
Thank you!
ILEANA TUDORAN,
GLAXO SMITH KLINE
Thank you!
HARY OLARU, IBM
Thank you!
ALIN NEGRESCU, KPMG
Thank you!
SILVIU BADESCU, NNDKP
Thank you!
SIMONA MELNIC, NOVARTIS
Thank you!
OANA MANUCEANU, PwC
Thank you!
MONICA VIRZA, PwC
Thank you!
DANA MIRELA IONESCU,
RAIFFEISEN BANK
Thank You All!
American Chamber of Commerce in Romania
ANNUAL GENERAL MEETING
March 29, 2012
Crowne Plaza Hotel, Crown Ballroom
Bucharest, Romania