Romania: Presidency disagrees with Government on economic growth

The Romanian Government’s economic growth estimate seems “unrealistic”, said presidential adviser Cosmin Marinescu.

He explained that the Presidency worries that the country will reduce investments to a level even lower than in 2016, reports local media.

The presidential adviser added that all the international forecasts indicate an economic growth rate of under 4% for Romania, this year, whereas the current Government expects a 5.2% growth.

“It’s not clear why the estimate has been increased in just two months from 4.3% to 5.2%,” the presidential adviser added. The measures adopted by the new Government will have a budget impact of RON 8.44 billion (EUR 1.8 billion), according to the presidency.




Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More