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Bucharest
August 13, 2022
BUSINESS

PM Boc: We’re on schedule, but still not out of the woods

PM Emil Boc argued, yesterday, during a videoconference with the prefects, that Romania’s economic situation had improved, but warned “it’s still a long way to go until we can rejoice and say we’re out of the woods,” HotNews.ro reports.
“As long as the international situation remains troubled, Romania has to abstain from any populist policies, which would unbalance the budget,” the premier added. Emil Boc further stated the country’s situation had improved compared to last year and was better than that of other EU member states. “We’re on schedule as regards the 1.5 pc- growth target for 2011, but the third quarter is crucial. That is why the budget rectification was oriented towards investments, which can back this growth. By the budget rectification we allotted funds from the budget so no European project will be stalled. As regards wages in Romania, I plead for maximum caution,” the prime-minister added. He went on to say that the Cabinet’s main priorities for the future were: investments, the implementation of European funds, opposing undeclared labour and tax evasion, decentralisation and the timely payment of subventions for agriculture. The prime-minister called on prefects and the heads of labour inspectorates to intensify actions to oppose tax dodge and undeclared labour, arguing that 821,692 employment contracts were signed between May 1 and August 4, while 162,480 such contracts were terminated.

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