Loading ...President Traian Basescu, attending on Tuesday morning the business forum organized by the Israel- Romania Chamber of Commerce and the Israel-Romania Business Council, urged the attending businesspeople to invest in Romanian agriculture and tourism, adding that industries appeared in recent years in Romania that will be probably relocated eastwards.
“We believe that highly successful investments can be made in Romania in the food industry, agriculture, tourism, starting from the premise that these industries can not be displaced. Industries appeared in Romania that will probably be relocated in the next 10-15 years towards the east. They will leave just as they came, but nothing can displace Romania’s agriculture and tourism potential,’ said the head of state.
In this context, Basescu mentioned that although Romania has the necessary potential to provide food for 80 million people, it imports 70 pct of the food needed for the population.
The President reminded that in order to avoid an economic slippage and having regard of the high debts of private corporations, Romania decided to take out a loan from the IMF.
The President reminded that in order to avoid an economic slippage and having regard of the high debts of private corporations, Romania decided to take out a loan from the IMF.
He made a brief presentation of Romania’s situation, showing that the country had eight years of economic growth by a yearly average increase of 6.5 pct. In the first three months of 2009 the GDP shrank 6.4 pct from the similar period of the year before, and Basescu added that under these conditions, it is possible that the IMF estimation that the GDP might contract 4 pct in 2009 proves correct.
“In Romania there are optimists who consider that economy will recover sooner than expected, and they consider April sent a positive signal in this sense. I do not allow myself to get enthusiastic. I am waiting for May and June to see if they confirm the positive developments of April,” said the head of state.
President Basescu said that there are also some contradictory signals: thus, in the first two months of the year, foreign direct investments increased by 30 pct against the same period of the last year, in April 2009 budget collections were equal to those in April 2008, and investments in real estate rose by 4 pct in the first three months of the year compared to January-March 2008, but on the other hand, industrial production fell 16 pct. The President stressed that the banking system is solid, so that none of its entities is in difficulty.
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