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Romania's PM briefs foreign institutional investors on further steps
['Romania Insider']
Romania Insider
Prime minister Ilie Bolojan received on Thursday, January 29, at Victoria Palace, a delegation formed by representatives of 13 international investment funds, coordinated by Bank of America.
He briefed investors on Romania's economic priorities, focusing on deficit reduction, debureaucratization and energy independence, the government announced in a press release, and assured them of political stability.
"Starting the spring of next year, the mandate of the Prime Minister will be taken over by the Social Democratic Party (PSD).
The prime minister stressed that the central objective for this year is to reduce the budget deficit to 6% - 6.2% of GDP.
Bolojan pointed out that the "bill" for the deficits that got out of control in previous years is high, and optimising state spending is mandatory.