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May 12, 2021

Business community: Politicians should make the economic situation a priority!

The lack of predictability, draught or the devaluation of the Romanian currency have put on hold the projects of potential investors, while the poor absorption rate of European funds aggravates the damages caused by the political turmoil.Representatives of the business community told the ‘Ziarul Financiar’ newspaper that they did their job and warned politicians to focus on the economic situation, as priority of the public agenda before it is too late.“What happens in politics is pure madness. The only good sign for us, business people, is predictability and constancy, but apparently we are witnessing a political row that is unbearable,” explains Radu Enache, the owner of the hotel chain Continental Hotels. He says that politicians must find a compromise. In his turn, Sorin Mindrutescu (photo), the president of AmCham (the Romanian-American Chamber of Commerce) says he was surprised to learn about investors that put their projects on hold until the end of the political conflict. “Politicians received all the warnings they could receive. I am pleasantly surprised by the unanimity of the voice of the business environment for the last two months, since the political fight began, because everybody, on all channels, has warned politicians. Politics must become aware of the reality. Now, politics have no contact with the economic reality and is blinded by political fight,” Mindrutescu added.Although he does not think that large investment projects are made during summer, Florin Pogonaru, president of the Businessmen’s Association of Romania (AOAR) believes that the interesting challenge for the political class is about the big privatizations. “There is a general fear given by what happens in Europe, in Greece, superimposed to the disgust of the business environment for what is happening in politics,” Pogonaru says.

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