The economy minister Costin Borc says that one of the big growth opportunities for Romania lays in the digital sector.
According to Borc, the IT&C business services industry in Romania is currently employing about 80,000 people. This accounts for roughly 2 percent of the total work. The minister says there are prospects for the number of employees in this industry to double by 2020.
“If we manage to overcome the current shortcomings (such as the lack of qualified work force or the bureaucracy behind a business working VISA, R&D or investment schemes) we have a great competitive advantage that would translate into economic growth and regional market share,” said Borc, in a speech held at the Bucharest Forum / Keystone Projects, which is organized by the Aspen Institute.
The minister underlined the fact that Romania has the potential to become an energy exporters but it needs to develop its infrastructure for transport.
Borc said the interconnection of gas projects is crucial for the country’s goal to become a regional player on the energy market by 2020.
“The Black Sea is also a great opportunity, but we need to plan carefully how we will manage the potential of the current explorations in the best case scenario they will prove economically viable,” said Borc.
The economy minister said that more needs to be done for road infrastructure, but also to get a large share of rural Romania out of physical isolation.
On foreign direct investments, Borc said that the Ministry of Economy is currently looking to create a unit tasked with attracting investors and maintaining the export strategy.