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PM Dancila: Eurostat and INS announce we have the second economic growth in the EU in Q1

Prime Minister Viorica Dancila on Wednesday has stated that investments play an essential role in the development of a country through the benefits generated on the labour market and through the facilities they bring in the areas where they are made, while adding that Eurostat and the National Institute of Statistics (INS) have recently announced Romania has the second highest economic growth in the EU in the first quarter of this year.

“Investments play an essential role in the development of a country through the benefits they generate on the labour market, through the effects of multiplication and the facilities they bring to the areas where they are made. 2019 is the year when the Government grants an increased attention to Romania’s development projects, both at a local, regional and national level. The official data confirm the increase in net investments in economy in the first quarter of this year by 5.7 per cent compared with the same period last year. (…) Romania recorded one of the highest economic growths in the EU in the recent years. Eurostat and the National Institute of Statistics have recently released new information related to the GDP growth: and we have the second highest economic growth in the EU in the first quarter of this year. This is a sustainable advance to which almost all segments of the economy contributed,” said the PM at the debate “Upgrade Romania: large investment projects in 2019.”

She added that for 2019 the economic advance is estimated at 5.5 per cent of the GDP, in the context of a normal agricultural year and the recovery of the services and investments sector, with economic growth to rely in the following two years especially on investments in the strategic sectors in economy and which will develop domestic production.

“This year we earmarked more than 10 billion euros from the budget for public investments (…) For investments in the health care, a priority of the Romanian Government, and this year we have earmarked a record budget for this field, by 6 folds higher than the one for last year. Besides the funds worth approximately 1 billion lei for medical equipment, we also granted 740 million lei for investments in the health care units under the coordination of the Ministry of Health and those in the local public authorities network. In this respect, we reserved important amounts for the expansion of the oncology department of the University Emergency Hospital in Bucharest, the Regional Oncology Institute in Timisoara, and also for building new spaces within the Oncology Institute in Cluj-Napoca. We continue with the projects that we started many years ago, such as the construction and endowment of the Pediatric Hospital in Timisoara, where the construction works started 10 years ago. We gave the money for the endowment of the O.R. at the University Hospital in Bucharest, where the rebuilding works started 10 years ago, they were finalized, but they didn’t have the necessary equipment. There is also the Hospital in Falticeni, where construction works started in 1990 and they were finalized last year, while this year we will provide the necessary medical equipment,” said the PM.

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