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May 16, 2021

Tanasescu, very optimistic on Romania’s economic development

Mihai Tanasescu affirms that the Romanian economy has strong prospects of development, the vice-president of the European Investment Bank said in an interview with Adevarul newspaper.

The drivers of this growth will be the energy sector, agriculture, exports and the knowledge economy, he believes.  As for the situation of foreign direct investments, they behaved this way because of a simple reasoning: a redefinition of investors’ priorities, which preferred a less risky approach in emerging countries. “But this does not mean that there is no money. There is money in the world. It depends on us to build national strategies so we can also attract European money, along with private investments. Investors look for opportunities, and these opportunities will come in Romania.” There will also be an increase of competitiveness, Tanasescu emphasised. “Economic indicators indicate a kind of stability and solidarity of the Romanian economy which still needs structural reforms, strategic policies well defined and well communicated, so there is a revival of confidence.” As for EIB’s involvement in Romania, he mentioned that the bank wants to reach new accords worth approximately EUR 1 bln. “We focus on the problems of SMEs, energy, knowledge economy, environment, transport.”

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