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Vladescu: Certain signs show Romanian economy is beginning to improve

16 martie 2010

Information in English

Romanian economy is beginning to function better than last year, according to certain signs such as growth in industrial output and exports, Minister of Public Finance Sebastian Vladescu told a press conference on Monday.

‘Certain signs show that the Romanian economy is beginning to function better than last year, such as industrial output and exports. This means that the sets of measures taken by the government and the National Bank (BNR) have provided the necessary stability for the Romanian economy, so that vital investment flows to development of Romania to get a chance to return to the Romanian economy,’ the Minister said.

The Finance Minister also specified that granting of the installments from the loans contracted with the International Monetary Fund and the European Commission have strengthened Romania’s position on the foreign market, the best example in this respect being the eurobond issue, worth one billion euros, oversubscribed, which ‘has shown us that, as regards the investors, interest still exists.’

 

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