Why Romania sees records high FDI, overcoming Ukraine war fall-out?

Date:04/10/2023 1:00 pm
Location:Romanian Cultural Institute, London

British Romanian Chamber of Commerce together with Embassy of Romania in London and RSM Romania invite you on the 4th of October to an event about business, investment, tax issues and opportunities, organized at Romanian Cultural Institute in London!

Romania – the NATO country that shares the longest border with Ukraine – is a safe heaven for investors and businesses in the region, the EU’s gateway to Ukraine and the Ukraine’s gateway to the world alike.

Romania is the second energy-independent country in the EU (28% energy imports compared to the EU average of 57%), having resources that include gas, off-shore wind, and solar to achieve energy independence. Becoming an energy security provider in the region, Romania offers a favorable business climate for investors, one of the most attractive fiscal frameworks in the EU and a perfect location for access to the EU, Eastern Europe and Middle East markets. The fiscal regime in Romania still is one of the most attractive in Europe but this is only the surface of things. There are many other interesting details that increase the attractiveness to investors.

Event Agenda:

  • 12:30 – `13:00 – Registration of the participants and welcome coffee
    13:00 – 13:15 – Opening remarks by the Romanian Embassy and BRCC
    13:15 – 15:45 – Presentations
    15:45 – 16:15 – Panel discussion, Q & A
    16:15 – 17:30 – Late lunch & networking

Subjects approached:

  • Romanian investment landscape in the current geopolitical context – betting on Romania to make a difference
  • Can Romania be considered a tax heaven in Europe?
  • Updates on the Double Taxation Treaty RO-UK – enhancing mutual investments
  • UK Export Finance cover position for Romania – products and services offered to UK/Romanian companies to expand trade and support investment in Romania
  • Macroeconomics presentation

Opening remarks:

Bogdan Mihailescu – Minister Counsellor for Commercial and Economic Affairs at the Romanian Embassy in the United Kingdom

Mr. Bogdan Mihailescu is Minister Counsellor and Head of the Economic and Commercial Department within the Embassy of Romania to the United Kingdom, a position he has held since April 2020. In this role he deals with the development of trade relations between the 2 countries, the support of Romanian companies in expanding their business on the UK market as well as the channeling of British investments in Romania.

Previously he was the personal adviser to the Minister for Business Environment, Trade and Entrepreneurship, having been delegated to coordinate the public financing programs for SMEs. He was also involved in InvestRomania, a department within the Ministry for Business Environment, Trade and Entrepreneurship – the Government’s leading body in promoting and facilitating foreign direct investments in Romania.

Mr. Mihailescu has a vast experience in private sector and entrepreneurship, having held top management positions in large companies such as Oracle Romania and SAP Romania from 1996 to 2007, as well as working as a business entrepreneur for more than 10 years in the IT&C sector.
During 2009, he was the President of the Governmental Agency in charge of the development and implementation of the National Strategy for Digital Agenda.


Cristian Niculescu-Marcu – BBusSci (Hons), BCom (Hons), MSc – RSM UK

Mr. Niculescu has over 13 years of experience in delivering solutions to public and private sector clients alike. This includes economic impact studies, economic forecasting, market sizing, economic simulations, policy evaluation and cost-benefit / value for money analysis. Cristian is presently directing several evaluation and research projects for the British Business Bank, specifically looking at computing the economic impacts of providing greater funding to scale up firms in high growth industries. Cristian also directed the evaluation of DCMS’s 5G Testbeds and Trials programme, the government’s £200m flagship intervention in UK telecoms innovation, supporting industry, academic institutions, and local authorities to realise the benefits of 5G, and has just begun a feasibility study for DSIT into a Future Telecommunications Institute. He has advanced forecasting expertise, having previously covered energy commodities and shipping. At RSM UK, Cristian leads the Economics and Innovation practice area within the broader Strategy, Economics and Policy division. Prior to joining RSM two years ago he was the Director of Economics at the Centre for Economics and Business Research, where he specialised in computing the economic and enablement impacts of new technologies and processes.


Joanna Mobed Co-Head, Global Origination at UK Export Finance


Dan Schwartz – Managing Partner RSM Romania

Dan Schwartz is the co-founder and the leading partner of RSM Romania, one of the most reputed professional services companies in Romania. Dan is a certified Tax Adviser, Financial Auditor, and a Romanian CPA, and he specializes in Transfer Pricing and International Taxation.

He has an in-depth understanding of the Romanian business environment, having experienced first-hand, as an entrepreneur, the challenges of sustainability, scalability, and stability. He has honed his expertise as a tax adviser and as a business leader through education programs completed at HIID-Harvard University, Washington State University, George Washington University, and the Paris Conservatoire National des Arts et Metiers.

Flavia Kenyon – Barrister, commercial and technology,  The 36 Group chambers

Flavia Kenyon is a leading British barrister who practises from The 36 Group chambers in London. Flavia was educated at Oxford University and called to the Bar in 2005.
Flavia holds an impressive portfolio of national and international cases and advisory work.
She has appeared in many high profile trials throughout her Bar career that spans nearly two decades.

Flavia’s expertise combines years of high-end courtroom advocacy and legal representation with high technology – her practice extends equally to criminal and civil liability: fraud, blockchain and digital commerce, cyber litigation, Web3, AI, Fintech, and regulatory matters, including privacy/data protection, ESG, and human rights.

Flavia’s cyber legal journey began in 2015 when she represented a coder and malware creator in one of the largest phishing conspiracy trials so far in the UK. Since then she has gained specialist training and accreditation in blockchain technology and strategy from Oxford University and in crypto-assets from the London School of Economics.

Flavia’s mission is to support companies, founders, entrepreneurs, and governments in making their strategies using blockchain, automation, smart contracts and crypto-assets legally compliant and scalable across jurisdictions.

Flavia is recognized as a leading barrister in the UK legal directories, The Legal 500, and Chambers and Partners UK.

Peter Latos – Strategy and Transactions Leader, EY Romania

A seasoned M&A adviser, Peter Latos has more than 20 years of experience advising clients on transactions in various geographies such as UK, Brazil, Russia and more recently Ukraine. Peter has broad sector experience, including energy, technology and media, and consumer goods. He also brings experience of leading multidisciplinary teams and significant business transformation projects. Peter successfully led a combined consulting and transactions business in Central Eastern Europe, launching multiple new service lines, doubling the team in 3 years time. In his previous organization, he launched a data & analytics practice in Russia, and implemented the firm’s global alliance with Microsoft in Russia and Ukraine. He is a fellow of the Association of Chartered Certified Accountants, has a Postgraduate Certificate in International Business from the University of Edinburgh and graduated with a Master of Business Administration degree from Ecole Nationale des Ponts et Chaussées School of International Management in Paris, where he was awarded with a distinction for Advanced Strategic Management and Mergers & Acquisitions.





Event Partner:

RSM Romania

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