Speaking at a news conference after a monetary policy meeting, Isarescu said exports have been the main driver of economic growth in the first half of 2013, whereas domestic consumption remained subdued.

The International Monetary Fund last week has revised upward its growth estimate on Romania’s economy to 2% in 2013 from 1.6% previously, saying it expects better contributions from agriculture and exports.

For 2014, the IMF forecasts an economic growth of 2.25% in Romania, also up from an increase of 2% initially envisaged.