a) Monitor and identify main impediments in the business environment in different sectors and formulates intervention strategies to reduce administrative impediments by mainly focusing on:
Company Transactions and Corporate Governance
Employment and investment
Investment Location, Environment and Zoning Permits
Taxes and Incentives
Foreign Trade and Customs
Intellectual Property Rights and R&D
Legislation on Investment Climate and Legislative Procedures
Access to Finance
b) Recommends to the Prime Minister and to the Ministries of the Government and other bodies of state administration consolidated proposals that would affect or even change the existing regulatory legislation that affects business and propose improvement on the impediments to starting, operating, growing or closing a business. This should be based on professional expertise and detailed studies of the business environment and investment situation in the country and in the relevant sector.
c) Under a defined procedure, involve specialists to carry out expert assessments on the process of conducting measures to improve the investment climate, attracting more foreign investment, or to reform the state management system to improve the regulatory functions of the state.
d) Analyse the incidents of unfair and abusive practices against business and facilitation of dispute resolution procedures.
Develop and promote best practices in the prevention of and fight against corruption for issues related to the private business, while supporting the National Strategy of the Fight against Corruption.
The Investment Council is not meant to replace the activity of any institution or Ministry, but rather to provide a platform for coordination and prioritisation of policies pursued by the State in the economic field, but also monitor the effectiveness of their activity.