ACTMEDIA NEWS AGENCY

  |  2013-01-21

Central Bank chief economist: Investment priorities are Romania's challenge

One of the medium-term challenges to Romania is to draw a clear line between state and private investments, National Bank of Romania (BNR) chief economist Valentin Lazea told a conference on The World Bank Global Economic Prospect 2013.

'A very clear combination of the private and public investments is required and Romania has the advantage that it has mixed power resources. The important thing is that we should decide in what sector should priority investments be made. I think the private sector should invest in green power, in wind and solar power. We should very clearly know what investments should be made by the state and what investments should be made by the private sector in each sector', Lazea stressed.
 

He said there is need to increase jobs in Romania, other than in agriculture, since the high-productivity jobs are the ones important at this moment.
 

'The state should do only one thing as regards the rural area - to invest in infrastructure only. The rest must be done by the private sector. We must very clearly draw the limits by which the state can make investments', he added.
 

The Central Bank chief economist underscored Romania is on a good trend in terms of the Maastricht criteria and he said the BNR is keeping the inflation developments under control.

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