“The 2014 economic growth will be well above estimates. People should have confidence and spend more, while the companies should take out loans for investments,” Voinea told a conference organized by Ziarul Financiar.

He estimated the economy advanced 3% to 4% in the first quarter.

“This makes us confident that the full-year growth will exceed 3.5%,” Voinea said.

Romanian Prime Minister Victor Ponta said last month that the gross domestic product increased 3.2% in the first quarter.

The country’s economy expanded 3.5% in 2013, fueled by a bumper harvest and strong growth in industry and exports.

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