|
RRI newsletter subcription
(e-mail address):
|
 |
Archives:
|
|
| THE ROLE OF INVESTMENTS IN ECONOMY 20/06/2008 |
| (2008-06-20) |
| Last updated: 2008-06-23 13:55 EET |
Foreign investment is a driving force of economic growth in Romania and the best way to import knowledge and technology. This was the conclusion of the participants in an economic seminar held in Bucharest on Thursday, who agreed that without foreign investment, Romania would not have seen such considerable economic growth.
Moreover, foreign investment played a decisive role in bringing Romania in line with international markets. The Economy and Finance Minister Varujan Vosganian said the fiscal policy is the key element in the coming period and announced that Romania plans to reduce its budget deficit. He pointed out that the pace of economic growth will slow down in the next few years as a sign that the economy is reaching a more mature stage. Vosganian said the government plans to introduce a new investment law to help create more jobs, boost regional development and the processing industry for raw materials and increase energy efficiency:
“We have asked all ministries to draw up their state aid projects in the next 90 days, so that foreign investors who come for the first time to Romania should know precisely what the Romanian state provides for under the state aid scheme. State aid covers a wide range of areas, such as relatively low taxes in the fiscal area to maintain fiscal stability. The Tax Register will be launched in a few weeks, an institution that is not very common to other EU countries, but will help foreign investors find their way much easier in the Romanian fiscal landscape. Besides, foreign investors find here a large and stable market, something which other countries in the region cannot provide.”
The Romanian finance minister implied that the government would accept any salary rises this year so as not to increase the inflation rate, although, according to a previous government decision, state employees were supposed to benefit from a 10% pay rise.
Vosganian said that by 2013 the authorities have earmarked 50 billion euros for the development of infrastructure and the energy sector. This year, it is estimated that direct foreign investment will reach 8 billion euros, 1 billion more than in 2007.
|
|
| |
WMA |
|
64kbps : |
1
2
3
|
|
|
128kbps : |
1
2
3
|
| |
MP3 |
|
|
64kbps : |
1
2
3
|
|
|
128kbps : |
1
2
3
|
| |
AAC+ |
|
|
48kbps : |
1
2
3
|
|
|
64kbps : |
1
2
3
|
 Historical mascot of
RRI |
| |
© 1999 - 2011 Copyright Radio Romania International |
|
2025-04-03
Print
Listen again