After a year of pandemic, the Romanian economy is still affected by the restrictions imposed to limit the SARS-CoV-2 virus, which hits our country during this period with the third wave. We discuss at the Wall-Street Financial Forum event, on March, 25, 2021, about the current state of the economy, the mechanisms we have at our disposal to accelerate its recovery and how can we access them.
With the strongest increase of the Gross Domestic Product in the European Union in the last quarter of 2020, of 5.3%, and a total decrease for the whole year of 3.9%, the Romanian economy needs a better management of all instruments which it has at hand in order to achieve a V shaped recovery.
You can register for the free Financial Forum HERE.
We will find out, during the Financial Forum event, from market specialists, which is the pulse of the Romanian economy, a few days before the end of the first quarter of 2021 and how do the estimates regarding the evolution of the main economic indicators look like.
European funds, the oxygen the economy needs to recover
The European Union’s decision to set up #NextGenerationEU, a temporary financial instrument of 750 billion euros, separate from the long-term budget of the European Union, was enthusiastically received by the bloc’s countries, including Romania.
Our country can benefit from approximately 30.5 billion euros through this program.
The Minister of European Investments and Projects, Cristian Ghinea, specified that the National Plan for Reform and Resilience, through which we will access the funds offered by #NEXTGenerationEU, provides a larger amount than the allocated one, of which Education will receive 11% and Health 8.5%.
We will find out more information at the Financial Forum from Corina Atanasiu, Secretary of State within the Ministry of European Investments and Projects, one of our event speakers.
Also, another topic addressed during the conference refers to the lines of financing with European funds that the Romanian business environment has at hand this year.
Financing the Romanian economy: what the appetite of banks and investment funds looks like in 2021
Speakers from from the banking and mutual fund industry will also attend Wall-Street Financial Forum, talking about the main challenges of financing business during the pandemic.
The discussion panels at the Financial Forum event are as follows:
10: 00-11: 00 Panel I: Financing Romanian companies: how does the appetite of banks and investment funds for the local business environment looks like
11: 00-12: 00 Panel II: European funds, the fuel needed to revive the economy
The confirmed speakers are:
- Corina Atanasiu – Secretary of State, Ministry of European Investments and Projects
- Valentin Boldeiu – Head of Structured Finance – UniCredit Bank
- Bogdan Neacșu – General Manager of CEC Bank
- Adrian Codirlașu – Vice President of CFA Romania
- Mirabela Miron – President of UGIR, North-East Region
- Evergent Representative
Financial Forum is a WALL-STREET.RO event organized with the support of CEC Bank and UniCredit Bank Romania.