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November 30, 2021

Vasilescu, BNR: Romania to witness economic boom in 2014 or 2015

Romania will witness economic boom in 2014 or 2015, Adrian Vasilescu, adviser to the Governor of the National Bank of Romania, told a recent conference on foreign investment, Agerpres inform. ‘The transition stage is much obvious in Romania. We are expecting Romania to likely move on from the transition stage to economic boom in 2014 or 2015, and foreign investment will this way increase,’ said Vasilescu. ‘What investors do not know is that Romania is among the very few countries in the world that are really good payers. Very many countries have faced very many payment trials. There is blot on the US, Germany, France and the UK to say nothing of Greece, which has tens and tens of payment defaults along time. (…) There are no other instances in which Romania failed to pay its debts or secure its pledges under contracts,’ said Vasilescu. He mentioned that foreign direct investment in Romania is standing at EUR 60 bln, 60 percent of which conducted in industry. Over 70 percent of Romania’s exports are provided by companies in which the foreign capital has a weight in excess of 10 percent.

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