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May 22, 2022

Energy investments may be “a second Dacia” for the economy

Investments in the energy infrastructure may be “a second Dacia” for the Romanian economy, as they will support an important number of jobs, the president of the Foreign Investors Council (FIC), Mariana Gheorghe – also CEO of OMV Petrom – stated Monday evening.

‘The Foreign Investors Council identified three important directions that can return the Romanian economy on the increase. These are the infrastructure – energy, transport, IT – a better knowledge level throughout the business environment, population and the academic circles, respectively macroeconomic stability, and a better public governance,” Gheorghe said during an economic conference.

According to Mariana Gheorghe, the business environment is confronted each day by “the weakness of authorities,” and the public sector – besides stability and predictability – also needs an increased transparency of state institutions.
Automobile Dacia, one of the biggest companies in Romania, was also the main exporter in 2010. Its sales accounted for a significant share of Romania’s export in Q1 2011 as well, when the increase of the country’s Gross Domestic Product (GDP) was driven by the higher exports achieved by Romanian companies. According to the FIC president, the economic and financial crisis also represented an opportunity, but reforms must continue.

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