Romania’s GDP has risen by 4.8% last year, compared to 2015
Latest data issued by the National Statistics Institute show that Romania’s Gross Domestic Product has risen by 4.8% in 2016, compared to the previous year. INS has, thus confirmed the estimates published in the midst of February, concerning the rise of the GDP in the fourth quarter of 2016 and in the year as a whole. All economic branches have contributed to the rise of the GDP, except for agriculture, silviculture and fishery. The sectors that supported the economy the most were the IT, communications and services.
Romanian Government does not agree with a multi-speed Europe, Prime Minister Grindeanu says
The Government of Romania does not support the idea of a multi-speed Europe, Prime Minister Sorin Grindeanu has told Radio Romania Actualitati on Tuesday. The Prime Minister has thus joined President Klaus Iohannis, who expressed a similar view. The Government’s head does not believe, however, that discussions that will take place this month within the European Union, on a White Card of the EU, after Brexit, will be decisive. Sorin Grindeanu will go to Brussels for the next two days, where he will have a series of meetings with high officials, before the European Council summit. Mr. Gindeanu will take part in a meeting of European Socialist Party that has been organized in preparations for the EU summit. The Romanian Prime Minister will say that his country is interested in actively participating in supporting an enhanced Union, based on cohesion, solidarity and the spirit of fundamental values.
Most of Romania’s business people support the anti-corruption drive
The President of the Romanian Chamber of Commerce and Industry, Mihai Daraban, has said that the majority of business people support the fight against corruption in Romania. He added that an opinion poll revealed that 63% of the business people appreciate the activity of the National Anti-corruption Directorate (DNA). Mr. Daraban underlined that foreign partners could be attracted only by respecting the law. In his opinion, the greatest problem in the business sector remains, at the moment, the access to public auctions. He made the comments at a seminary for good anti-corruption practices, organized by the Chamber of Commerce and Industry, in which the American Ambassador, Hans Klemm, also took part. Mr. Klemm has said that the corruption phenomenon has increased the costs and that is the reason why employees earn less. There are more than 7,000 American sponsored societies in Romania, which have made direct investments of 1.6 billion euros and commercial exchanges with Romania worth 1.7 billion euros.
Mădălina Brotăcel – Agenţia de presă RADOR