The effects of the war in Ukraine on the European economy cannot be quantified yet, but it is clear that estimates of economic growth, both in the EU and in Romania, need to be revised downwards, the European Commissioner for Economy Paolo Gentiloni said on Tuesday in Bucharest, where he attended a conference organized by The Economist. In turn, the Romanian Minister of Finance, Adrian Câciu, announced that Romania had obtained from the European Commission more flexibility in the use of European funds, so that 70-80% of the new measures to maintain the purchasing power of Romanians could be supported with community money. During his meeting with the European Commissioner, Prime Minister Nicolae Ciuca has said that Romania, as an EU and NATO member state, is a safe country, which guarantees the security of business and investment. The two analyzed the economic effects triggered by the Russian military aggression on Ukraine, and the Romanian Prime Minister presented the efforts made by Romania to manage the flow of refugees, as well as the solidarity shown towards the Ukrainians remaining in their country.
