\n
<\/p>\n
According to the
\nGovernor of the Central Bank Mugur Isarescu, Romania needs structural reforms.
\nHe made that statement at the Annual Central and Eastern European Economic
\nForum, organized by Forbes magazine in Bucharest. On the occasion,
\nIsarescu called for a better absorption of European funds, which would in turn
\nstimulate structural reforms. The Governor of the National Bank of Romania also
\nsaid that macroeconomic balance is of utmost importance, and investments in
\ninfrastructure and education should remain top priorities, because such
\ninvestments help increase labour productivity, which is essential for improving
\nRomanians’ living standards. <\/p>\n
<\/p>\n
Governor Mugur Isarescu: A faster pace
\nof economic growth is possible. I want to be very clear about this. I don’t
\nthink Romanians should stop at 3-4%, but in order for this growth to be
\nsustainable and to avoid problems, this faster pace should be the result of the
\nfactors that trigger an increase in the economy’s growth potential. Given that
\nRomanian economy’s growth potential is affected by delays in public investments
\nand in the implementation of structural reforms, priority should be given to
\nremedying the problems that hamper progress in these two fields.<\/p>\n
<\/p>\n
\n
<\/p>\n
The latest study
\nconducted by the National Statistics Institute shows that poverty is one of the
\nbiggest issues facing Romania. Half of the Romanian citizens find it very
\ndifficult to make a decent living. The
\nstudy took into account the situation in 2015, when over 32% of the Romanian
\nfamilies could not cover their regular monthly expenses, including bank
\ninstallments, utilities and household maintenance. Over 13% of the households
\ncould not afford heating, and over 69% could not afford at least a one-week
\nvacation. <\/p>\n
<\/p>\n
Sociologist Codrin Scutaru, with the National Institute for Life
\nQuality, explains: Unfortunately, a
\ndifficult social and economic situation is affecting the social categories that
\npaid social contributions for a long time and how get back an amount that no
\nlonger allows them to ensure a decent standard of living. Living standards do
\nnot change radically from one year to another. Economic growth is felt after a
\nfew years by the population, and the improvement is rather small.<\/p>\n
<\/p>\n
According to
\nthe study conducted by the Statistics Institute, families headed by women,
\npeople over the age of 65 or families with 2 or 3 children are in the most
\ndifficult situation. <\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
According to the Central Bank Governor Mugur Isarescu, investments in infrastructure and education are key priorities.<\/p>\n","protected":false},"author":46,"featured_media":48903,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37738],"tags":[38622,34042,29952,38621],"coauthors":[],"class_list":["post-69994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-today-in-the-news","tag-central-and-eastern-europe-economic-forum","tag-investments","tag-poverty","tag-romanian-central-bank-governor-mugur-isarescu"],"acf":[],"yoast_head":"\n