Romania could become an energy exporter, says Franks of the IMF

Jeffrey Franks, head of the IMF mission in Romania, stated in an interview for Agerpres newswire, that Romania may switch from an importer of energy into an exporter, on the basis that authorities implement the right polices and attract investments.

However, Franks warned that investments in energy projects will increase, once the energy prices will be fair, the competition will be honest and the business climate will become favorable.       

The IMF representative also mentioned that public offerings of state packages in energy companies should be accelerated and that Romania is lagging behind on the legal reforms in this sector.

A new joint mission from the IMF, EU and World Bank will be in Romania starting tomorrow. The mission will remain in Bucharest between October 25 and November 7, assessing Romania’s progress on reforms and assisting the local government in drawing up the 2012 budget.

Ovidiu Posirca

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