Tanasescu, EIB: Romania, a fantastic potential of development

Romania has a fantastic potential of economic development, if the lessons of the past were learned and will be put to good use, said Mihai Tanasescu, vice-president of the European Investment Bank (EIB) during the New Year party held by the Romanian-German Chamber of Commerce and Industry (AHK Romania).”(…) “It needs a reform of institutions in order to attract European funds, and also more confidence in the civil society. Public money must be used to attract private investments. A strong public-private partnership is needed, along with reforms in research-development, agriculture, the medical sector and education,” Mihai Tanasescu explained. The EIB vice-president encouraged investors to resort to the funds of the bank, which – in 2013 too – will extend most of its loans to SMEs.Year 2012 was lost, but we learned that a fierce political fight does not help the economy, mentioned Radu Merica, the president of AHK Romania.Actually, predictability, transparency, fight against corruption, administrative reform were the priorities demanded by the ambassador of the Federal Republic of Germany in Bucharest, Andreas von Mettenheim during the event.The Minister of Economy, Varujan Vosganian estimated that the volume of bilateral Romanian-German commercial exchanges will exceed EUR 20 bln in 2013.

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