One of the biggest foreign investors in Romania, the European Bank for Reconstruction and Development (EBRD), cautions over the economic vulnerabilities with which our country is faced, informs „The Money Channel."
In the project of strategy regarding Romania, EBRD emphasizes the need to improve labour legislation. According to EBRD specialists, Romania needs appropriate macroeconomic policies in order to avoid the vulnerabilities specific for the economies that experience important changes.
The project of strategy also stresses that the investments help to maintain the economic growth and to attract back to Romania the people who have gone to work abroad.
EBRD analysts consider that the business environment has improved in Romania. However, more and more companies need restructuring in order to cope with the competition that came up concurrently with the accession to the European Union, also reads EBRD report. The institution stressed that it is necessary to intensify the effort in order that Romania may remain an attractive destination for investors.
Referring to the macroeconomic situation, EBRD points out that in the last two years the fiscal policy was more relaxed that necessary in the conditions of the deepening of the current account deficit. The specialists of the European bank stressed that considering the low weight of the budgetary revenues in GDP and the big expenditures on infrastructure scheduled for the coming year, it is necessary to reduce the current expenses, like those regarding the salaries in the state sector.
Number of employees is to surge in Romania by 36 pc in Q2
Employers in Romania estimate the number of recruitments is to rise by 36 percent in the second quarter of the year compared to the first three months in 2008, according to a study conducted by the service company in the field of human resources Manpower.
The study is based on a representative sample nationwide, of 841 Romanian employers, of whom 43 percent estimate they will enhance their work force in the following quarter, 49 percent fail to anticipate a change, whereas just seven percent of the polled expect a drop in their recruiting activity.
According to the economic branches, the highest new hiring number, respectively 54 percent, is expected in the construction sector. As well, the new employment forecast for finance, insurance, real estate and business services show a jump of 38 percent, whereas the employers in the power industry, natural gas and water report an anticipated rise of just five percent.
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