Analysts: Romania cannot have economic growth without foreign capital

Lending will be resumed only after the economy returns to growth, with the biggest risks endangering economic rebound being political ones and having to do with dropping reforms, as well as with falling into exaggerated pessimism.
The best-known economic analysts and representatives of the central bank yesterday debated the main challenges facing Romania and the risks endangering economic growth at the annual conference of the Association of Financial-Banking Analysts in Romania, held at the NBR (National Bank of Romania).
Some of the main challenges cited by analysts are the continuation of the fiscal adjustment process, solving tax evasion, state modernisation, administrative capacity versus the alternative of outsourcing the "technocratic" part of decisions and regaining credibility with foreign investors.
The importance of boosting Romania's attractiveness as a destination for direct foreign investments has been unanimously agreed on by analysts, considering Romania's dependence on foreign capital amid a low level of domestic savings.