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Bucharest
March 7, 2021
BUSINESS

OA: Economic recovery depends on continued infrastructure investments

Romania’s political and economic outlook for 2011 is stable, next year’s budget consolidating the austerity measures and the public sector reform that the government imposed. Nevertheless, in order for the economy to overcome the crisis continued investments in infrastructure and an improvement of services offered by the state and the banks are needed, the “Romania: New budget a stage in economic stabilization” report, the latest report authored by Oxford Analytica (OA), shows, ‘Evenimentul Zilei’ daily informs. The British analysts claim that the government has adopted unpopular measures meant to balance the budget, such as the 25 per cent public sector salary cut that came into force on July 1, 2010, and although the sums earmarked for agriculture have grown it is imperative for some reforms, such as the preparations for the Schengen accession, to be continued. The Oxford Analytica analysts also note that given the existence of small sums available for investments, the government focuses on expanding and rehabilitating the local, national and European road network and on improving environment standards, particularly in rural areas. Although the government claims that 243 kilometres of roads will be built in the next two years, international experts note that there are numerous critical voices that point out that most of the plans concern already existing roads so the transportation network will not be expanded.

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