Reff told the CFO Summit 2020 that Chief Financial Officers (CFOs) in Romania expect the Romanian State to step in and support private investments, in the context of the crisis caused by the Covid-19 pandemic.
Reff said CFOs need clarity, predictability, with more and ambitious measures to support investments and large companies being expected.
The Romania economy is strongly dependent on Germany and Italy’s economies, as the two countries are Romania’s main trading partners.
“(…) There is a series of predictions regarding the evolution of Romania’s GDP. I wonder if these forecasts, which show an economic contraction of 5%-6%, won’t prove optimistic compared to contractions envisaged for more robust economies, which have a more generous fiscal space,” Reff pointed out.