President Klaus Iohannis, who
\nattended a meeting of the Coalition for the Development of Romania, called on
\nthe government to take measures for the rapid consolidation of public finance
\nand the collection of budget revenues, given that, as the president put it,
\nthe vulnerabilities are deepening. He said the Social Democrats, the main
\nparty in the ruling coalition, neglected investments in favour of a policy of
\nshort-term effects, something that will cost everyone in the future. The
\npresident also said that confusion was created in the business community by
\nrecent risky and untimely measures. Private investors and employees acutely
\nfeel the need for the modernisation and development of infrastructure, the
\npresident also said, explaining he refers not only to motorways, but everything
\nthat has to do with a modern living standard for the citizens, including
\nhospitals, schools, railways, airports, energy infrastructure, public utilities
\nand digital infrastructure. <\/p>\n
<\/p>\n
\n
\n
\n
<\/p>\n
The accumulation of deficits and
\nunbalances has had an impact on the economy, whether it’s the labour market,
\nthe budget, the trade deficit or the current account deficit, the president
\nwent on to say. As an example, he said the trade deficit and the current
\naccount deficit put Romania at odds with the other countries in the region,
\nwhich have seen a surplus in this regard. We all feel the effects of volatility
\nand uncertainty when it comes to the exchange rate and the rising prices, so
\nthat Romania has the highest inflation rate in the European Union, Klaus
\nIohannis also said. Moreover, the government’s growing appetite for loans has
\nled to the highest cost of government funding in the European Union, Klaus
\nIohannis added. <\/p>\n
<\/p>\n
\n
\n
\n
<\/p>\n
However, at a debate on this year’s
\ninvestments, prime minister Viorica Dancila announced that, according to
\nstatistical figures, Romania had the second biggest economic growth rate in the
\nEuropean Union in the first quarter of the year, to which all economic sectors
\nhave contributed. She also said that growth is estimated at 5.5% of the GDP for
\nthe entire 2019, given a regular agricultural year and the recovery of the
\nservices and investments sector. Viorica Dancila said the government paid
\nspecial attention to investments related to the projects for the development of
\nRomania both at national and regional and local level. According to the prime
\nminister, investments play an essential role in the development of a country
\nthrough the benefits and results they bring on the labour market, their
\nmultiplication effects at the level of the entire economy and the facilities
\nthey bring to the areas where they are carried out. She added that the
\ngovernment is considering a number of programmes to stimulate investments and
\nthus ensure the harmonious development of the country’s regions and benefits to
\nas many Romanians as possible. <\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Intense discussions about Romanias economy were held on Wednesday in Bucharest.<\/p>\n","protected":false},"author":107,"featured_media":82211,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37738],"tags":[29212],"coauthors":[],"class_list":["post-82210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-today-in-the-news","tag-economy"],"acf":[],"yoast_head":"\n