Competitiveness is based on low costs and low salaries instead of quality, which explains this paradox, Filote said at a conference for the presentation of EC’s Country Report Romania 2016.
According to the head of the European Commission Representation in Romania, the relaunch of investments is a key element, as Romania “is still OK” in terms of budget deficit criteria, but the European Commission is concerned about the forecasted trend, as the economic discipline was based on expenses cut, lacking investments.