Public investments increased by EUR 800 mln in H1

Newsroom 18/08/2011 | 12:32

Prime Minister Boc announced yesterday, at the end of the daily Government meeting, that Romania is technically out of recession, quoting data from the National Statistics Institute. The Romanian economy registered marginal increases in GDP: 0.1 percent in Q4 2010, 0.7 percent in Q1 2011 and 0.2 percent in Q2 2011. Boc added that Romania is on the right track to gain a 1.5 percent economic growth for the current year, and the third trimester of 2011 will play a critical role in achieving this target.

The Government will keep on pursuing economic growth and will prioritize public investment projects to boost the economy. In fact, more than EUR 800 million has been pumped into the economy through investment projects, in the first six months of 2011, compared to the similar period of 2010.

Boc concluded that the governing coalition should be cautious and moderate, avoiding any type of populist acts, as the current economic balance is sensitive to evolutions on the European markets.