Speaking at the annual meeting of the European Bank for Reconstruction and Development in Warsaw, Voinea estimated the 2014 gross domestic product might increase at an annualized pace of 4%.
“Romania is different, in a good way, from the other emerging markets, due to its narrow current account deficit, its independence from the Russian gas, its solid economic growth and its pledge to meet the eurozone accession criteria by 2019,” Voinea said.
Enache Jiru, head of Romania’s Treasury, said in turn that the national public debt is expected to exceed 40% of GDP in the next two years, from around 39% of GDP presently.
“Investor perception on the Romanian markets has improved during the last couple of years. The public debt, which is now at 38%-39% of GDP, is forecast to increase to over 40% of GDP in 2014-2016,” Jiru told the EBRD meeting.
The chief of Treasury said local banks are the biggest buyers of Romanian debt, followed by foreign investors and pension funds.