Speaking at a news conference Wednesday, Dumitru said the growth potential fell to 2% from around 5% before the financial crisis.

“A 2% growth is not very helpful, because people expect higher wages, but all you can give them are illusions,” he said.

Melania Hancila, chief economist at Volksbank Romania, said in turn that the authorities should focus on finding alternative financing for investments to support the growth potential.

A possible solution would be the issuance of corporate bonds, said Carmen Lipara, head of BRD’s market research division.