"The best sign of this consolidation was the success of last week’s Eurobond issue, worth one billion euros, which proved that investors were confident in that move.’’

Rating agencies have also confirmed Romania’s improvement, Vladescu says, adding that the local economy seems to be back on track:

"There are signs showing that the Romanian economy is beginning to function better than last year and I’m mainly talking about industrial production and exports. They show that the series of measures taken by the Government and the National Bank since last year, have provided the stability that the Romanian economy needs, in order for investment flows, which are instrumental to the country’s development, to be given the opportunity to return to the Romanian economy.’’

The official forecast regarding Romania’s economic growth in 2010, taken into consideration when the state budget was drawn up, is 1.3%. The assessed growth can be reached, Vladescu believes, on one condition – for the international market to show a positive trend. The recovery of the Romanian economy is mainly linked to developments in Europe and long-time partners.

In parallel, Bucharest will go ahead with its budget spending reduction and economy stimulation policy, under the eyes of credit-giving institutions which it has committed to with reform promises. The visit of IMF head Dominique Strauss-Kahn may confirm the importance of those measures. Strauss-Kahn will pay a visit to Bucharest later this month, the first visit by an IMF head to Romania, over the last 12 years.