“At this moment Romania has, through the Recovery and Resilience Facility (RRF) program and the EU funds available within the Multiannual Financial Framework (MFF), the potential and the opportunity to implement reforms in various key areas that could generate the additional impetus needed for an economic growth above the European average,” FIC said in a statement Thursday.
One of the fundamentals of sustainable economic recovery is the continuation of the vaccination campaign, with the support and involvement of the private sector, the FIC said.
Other requisites include continued involvement for attracting foreign direct investments (FDIs) to Romania and obtaining a multiplying development effect for the SMEs ecosystem; the elaboration of public policies and recommendations regarding the perspective of the green and digital transitions awaiting Romania in the 2021-2030 decade; and the improvement and consolidation of the consultative process between authorities and the business environment with the aim of attaining and implementing sound policy measures.
Given the considerable losses triggered by the coronavirus, the FIC Board calls for a preventive approach, based on full-scale vaccination, to avoid a rigid approach that implies a stop-start economic recovery – local lockdowns or restrictive measures followed by tentative re-openings, a costly strategy for an economy such as Romania’s.