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November 30, 2022

PM Orban: Romanian-French relationship brings an important contribution to the economic development of Romania

Romanian Prime Minister Ludovic Orban met on Tuesday with representatives of the French business milieu affiliated to the largest French employers’ organization – Mouvement des Entreprises de France (MEDEF), emphasizing on the occasion the “essential” contribution of the Romanian-French relationship to the economic development of Romania.

The meeting reflects the Romanian government’s commitment to promote Romania as an investment destination.

“Romania is the only country in the European Union that has seen an increase in investment in the first half of 2020,” Ludovic Orban is quoted as saying in a government release.

He went on to point out that despite the challenges posed by the Covid-19 crisis, the Romanian government maintains its “firm commitment” to developing a sustainable partnership with all investors in the economic sector.

“The government will thus continue to actively contribute to ensuring favorable conditions for the development of the Romanian business environment and for increasing company competitiveness, with beneficial and lasting effects on the Romanian citizens,” the release said, according to Agerpres.

The head of the Romanian government also showed that in the medium and long term, the Executive envisages to develop “a strong, resilient and internationally competitive economy” while also pursuing “the implementation of public policies at the level of an efficient administration, capable of guaranteeing fair and transparent competition conditions for the business environment.”

In the same context, Orban stressed that the Romanian-French relationship makes an “essential” contribution to Romania’s economic development and represents “an important platform for increasing competitiveness.” “We envisage a model of sustainable economic growth, based on increasing investment and added value in the economy,” he said.

The Premier discussed with the present business people the significant investment opportunities introduced by the national plan that is being prepared for attracting the European funds made available under the European Recovery and Resilience Facility.

“Prime Minister Orban stressed the importance of developing health and transport infrastructure, of increasing cooperation in agriculture and developing value-added industries. Special attention will also be attached to human capital development through education and training adapted to the needs of the economy of the future,” the release reads.

During the meeting, the head of the Romanian government underscored that the Romania – France Strategic Partnership will continue to represent a landmark of prosperity and common security in the Euro-Atlantic area, an expression of the common European values that Romania and France share.

“The Romanian Prime Minister reiterated the government’s commitment to make every effort to ensure the stability and predictability of the fiscal-budgetary framework, an essential prerequisite for the development of productive investments and for the efficient functioning of market mechanisms, to the benefit of consumers,” the cited source states.

The meeting ended with the signing of the Memorandum of Understanding between the Romanian Ministry of Economy, Energy and Business Environment and the Mouvement des Entreprises de France, on cooperation between the Romanian and French economic entities.

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