Minister Borc: Romania has an encouraging economic outlook, but faces credibility issues

Newsroom 20/10/2016 | 11:14

Romania is in an encouraging economic situation, but it’s still facing credibility problems both internally and externally, generated by the lack of coherent public programs implementation, said on Wednesday the minister of economy, Costin Borc.

„Romania is an encouraging situation according to the most recent data regarding the growth, consumption and investments. Now we have the responsibility of maximizing this potential and maintaining the positive trend. But to maximize Romania’s position on the regional stability and development pillar, we have to solve the issue that we have with the trust,” said Borc.

According to him, the main cause of mistrust is the lack of coherebt public programs and policies implementation, determined by the elections changes.

„I think it’s our responsibility to regain the trust, both of Romanians and of our external partners with the help of a coherent vision of economic development,” added Borc.

Join the discussions about Romania’s economic outlook and strategy for the future at the Foreign Investors Summit 2016 – Where Romania means business – November 1-3, Bucharest.

He says that the program Competitive Romania, on which the Government works together with other institutional partners for several months, focuses on a series of measures to bring a sustainable economic growth of 5 percent annually until 2020.

Borc says that the strategy includes the stimulation of production everywhere in Romania and the change in the growth model on cosumption and the fiscal measures on production.