The government of Romania has presented a ten-year ambitious plan for economic recovery after the pandemic. The plan has a budget of 100 billion euros
Romania's government and president on Wednesday launched an ambitious economic recovery plan under the name 'Rebuilding Romania'. The plan, which unfolds on a period of 10 years and has a budget of 100 billion euros, is aimed at raising the standard of living of every citizen through massive investment and changing the country's model of development.
The plan is focusing on the country's transport and energy infrastructure, its healthcare, investment in education, local development, agriculture, environment and sporting activities. The objective promoted by the Executive is to achieve convergence with the European economies so that the GDP at purchasing power per capita may reach 87% of the EU average in 2025. According to the initiators, the major difference would be the investment-based economic growth, which is supposed to replace the previous model based on consumption. Here is Prime Minister Ludovic Orban with more on the plan.
Ludovic Orban: "We want to invest in modernizing the transport infrastructure to raise the competitiveness of companies, in order to increase Romania's investment attraction, which fosters the creation of fresh jobs, development and eventually revenues of the state budget. Romania is a rich country with resources and capitalizing on these resources must be done smartly through earmarking money to those activities and domains, which could make the most of all the resources Romania has"
Under the aforementioned plan, investment in infrastructure accounts for 60% out of the total 100 billion euros. The government has presented big infrastructure projects including 3000 kilometers of highway and the same number of railway by 2030. The document includes rapid measures to provide assistance to big and small companies with 3 billion Euros worth of grants.
The government pledges to shell out money from the state budget to provide assistance to companies, which resorted to technical unemployment, part-time and house working. Investment in hospitals and schools is also ambitious as the plan provides for the construction of three regional emergency hospitals, thousands of schools as well as kindergartens built or modernized. Here is the country's president Klaus Iohannis.
Klaus Iohannis: "The Romanians deserve to have a highway network at European levels, a strong and reliable energy system at national and regional level, competitive industries and services. And we can have all these only by stepping up major investment projects in an effective, professional and transparent manner. However, any ambitious investment plan requires good funding and for this reason, European funds must become an essential pillar of our development."
According to the Social-Democratic opposition, the government's plan is only meant to attract votes in the upcoming election though, being ungrounded and based on EU funds without saying anything about how these funds are going to be attracted.
(translated by bill)
Useful Links
Copyright © . All rights reserved