Romania must fight for foreign investors with countries such asPoland, the Czech Republic, Bulgaria or Hungary, but it is notcompetitive enough as moves meant to jumpstart the economy arelacking, and the EU absorption degree is low, believes DominicBruynseels, BCR executive chairman. "Generally, investors' reactionto Romania is now a negative one. They are looking at Romaniacomparing it with the other countries in the region and in thesecomparisons Romania does not stand quite well. We shall have tochange this as quickly as possible," stated BCR head. He says thatEU fund absorption should be a real priority, as the majorinfrastructure projects that can be carried out with this moneyhave a multiplying effect and can subsequently attract furtherinvestments in Romania. Bruynseels considers that it is the lack ofpolitical will, and not authorities' incapacity to draw Europeanfunds that is the real problem in this case. At the same time, hesays that technically Romania would not need a new agreement withthe IMF as the NBR's foreign currency reserve is large enough, butthat an agreement that should secure fiscal discipline could betaken into consideration.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
