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“German capital is the third largest in Romania. Some 17,000 German companies have invested in Romania more than 2.7 billion euros. (…) According to data on the first nine months of the year, paradoxically, Romania saw a rise in its exports to Germany in 2009 and this is why I thank you, too, not only to Dacia Pitesti”, said the head of state.
Traian Basescu reminded that Romania concluded an agreement with the International Monetary Fund and with the European Union to finance the National Bank reserve and the state budget deficit. He also said that, in February, Romania will see the consecutive transfer of the third and the fourth installments, set to generate a relaxation as for the Ministry of Finance need to go to the market, boosting liquidity in the banking system.
“November came with a second positive signal, after October, as for the industrial production growth. In November, industrial production was higher by two percent from November 2008, showing that we are ready to exit recession, although we cannot say that in Q4 we left the recession behind. But signs are that this will happen and I am optimistic that, when Q4 data are released, they will represent a clear signal that we start to recover after the economic downturn, and re-start the upward trend”, Traian Basescu also said.
He pointed out that all analyses demonstrate that Romania will pass to a positive economic growth in Q2 this year. “I hope that these analyses will be confirmed. They are not solely made by the Romanian experts, but also by IMF and yesterday Moody’s was even more optimistic than Romania’s Government and IMF, forecasting an economic growth in excess of two percentage points in 2010”, Traian Base scu also said.
He also stated that the Romanian-German cooperation outlook is primarily the result of these companies determination to do business in Romania, to invest in this country and he thanked the respective companies for their contribution.
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