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Marcel Ciolacu: The Government will come up with clear rules to stimulate investments

Marcel Ciolacu: The Government will come up with clear rules to stimulate investments
Foto: gov.ro

Articol de Petruţa Obrejan, 27 Februarie 2024, 15:24

The government will come up with clear rules to stimulate investments, facilitate business and create new well-paid jobs, Prime Minister Marcel Ciolacu told foreign investors attending the Business Forum organized by the American Chamber of Commerce.

On the other hand, the head of the executive promised them that taxes will not be increased and that the financial coordinates agreed with the European Commission representatives will be respected.

Romania needs major projects in the current economic context, but also in the context of security challenges, Prime Minister Marcel Ciolacu told American investors, saying that in the coming period, one of the objectives is to attract foreign direct investment of 40 billion euros.

He proposed that investment projects should also have a mechanism for monitoring progress, based on result indicators, and that if Romania maintains political and economic stability, he added, it could become one of the continent's major economic forces in the next 4-5 years.

Marcel Ciolacu: In 4 years, Romania could have a GDP of around 500 billion euros, up from 300 billion euros in 2023. Romania can have an average gross salary of €2.000 per month and a minimum gross salary of €1.200 per month. We need to return to the economy, in total, through support schemes, state aid, grants, incentives and guarantees between 8 and 10% of GDP and, last but not least, to become the strongest economy in Central and Eastern Europe, outperforming Poland on economic convergence indicators.

And because investments are not made on empty words, the Prime Minister told those present today at the forum that taxes will not be increased and that all the necessary steps for Romania's accession to the Organisation for Economic Cooperation and Development will be taken.

Translated by: Radu Matei

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