Minister Borc: We need massive investments, Romania is falling behind its neighbors on FDI attraction

Newsroom 31/10/2016 | 16:52

Romania is falling behind its neighbors on the attraction of foreign direct investments (FDI), although needs massive investments for development, said Costin Borc, the minister of Economy, at a forum for territorial development.

“The territorial development through the industrial parks is a very important subject. Romania is falling behind its neighbors regarding the industrial parks development and the FDI. It’s important not to fall in false targets now in the elections campaign. We need massive investments because if we want to develop, we need taxpayers who allow citizens to live better, with a better transport, better services, public spaces, cinemas,” said Borc.

In this context, the minister said that he Romanian capital need to be supported, but it has to be made „in line with the European Union norms”.

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„We accepted that we are on a unique internal market. If we accepted that, it means that for example, a French, Austrian or Irish firm is an internal market firm. It’s not a foreign investments, let’s accept that! The Romanian capital is unfavoured, but it’s not unfavoured by regulations, but the know-how, access to financing, so it’s good to see how we can help our start-ups, how to grow the Romanian businesses to become competitive with the firms with foreign capital,” said Borc, according to Agerpres newswire.

He also said that one of the main topics that should be solved is the lack of the qualified labor force.

„Currently there are places where we don’t have labor force. We have issues with the qualified work force. (…) The questions is how we succeed in bringing back the people who left abroad, who come with professional knowledge and a higher drive of entrepreneurship than ours,” said Borc

Georgiana Bendre

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