7.4 C
Bucharest
February 26, 2021
SUPPLEMENTS

Ideally, the government would continue and strongly support program points agreed with the IMF and EU

by Tomas Spurny, CEO Banca Comerciala Romana


 

What difficulties did you face this year?

Lack of GDP growth translates into difficult operating environment for the banking sector overall. Banks face challenges in maintaining operating revenues and must reevaluate cost structure. These conditions translate furthermore into acute need to rethink business model overall.

What do you think has to be changed in the current legislation in order for Romania to attract more investors?

Romania needs to attract and make full use of EU funding to enable capital investments into its infrastructure. Therefore, legislative changes need to be focused onto this goal and create conditions to use available and reachable resources to drive domestic demand.

Do you expect economic growth next year?We expect relatively subdued growth due to protracted difficulties in Eurozone and unfavorable domestic situation.What do you expect the future government to do in order to encourage investments and businessmen?

Ideally, the government would continue and strongly support program points agreed with the IMF and EU.  Such approach shall have strong impact on maintaining and reinforcing overall confidence that Romania is poised for economic turnaround while continuing on the path to address structural issues identified and agreed upon with these partners.

Related posts

Minister of Foreign Affairs, Titus Corlatean: “Korea is our third economic partner among the Asian states”

Nine O' Clock

“We are happy with the results of the latest EU – China summit”

Nine O' Clock

10 years since Romania signed the EU Accession Treaty

Nine O' Clock