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Prime Minister Marcel Ciolacu: Romania needs an infusion of capital to carry the started projects through to completion

Prime Minister Marcel Ciolacu met with representatives of the banking sector in Romania

Prime Minister Marcel Ciolacu had yesterday, at the Victoria Palace, a consultative discussion with the Romanian banks’ representatives on topics of interest for the support of investments and reforms of major importance for a truly sustainable development of the Romanian economy.

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The meeting was also attended by Vice Prime Minister Marian Neacșu, the Minister of Finance Marcel Boloș, the Minister of Agriculture and Rural Development, Florin Barbu, and the Minister of Economy, Entrepreneurship, and Tourism, Radu Oprea.

Prime Minister Marcel Ciolacu highlighted the banking system’s importance for the large volume of ongoing NRRP investments and reforms  that need co-financing.

“Romania needs capital infusion to carry through what we started. The administrative and budgetary reforms we have started are necessary, irrespective of the government that will be invested in following the elections. From this point of view, we can say that the year 2025 will have a good start, taking into account the reductions in positions already operated by the administration, the steps towards digitalization and the pension system reform, and the tax reform will automatically attract the reform of the entire budget system” stated the Head of the Executive, mentioning in this context the negotiations he had with the representatives of the European Commission regarding the budget deficit evolution.

Prime Minister Marcel Ciolacu emphasized, at the same time, the need for capital infusion in the agricultural sector, to combat the effects of climate change, but also the opportunities that can be opened by supporting some economic sectors such as the construction materials industry, the agricultural fertilizer industry, and the defense industry.

The representatives of the Romanian banks present at the discussions also appreciated the ability that the Government has shown to react quickly in different contexts, as well as the openness that Prime Minister Marcel Ciolacu expressed to continue this set of consultations with the banking sector, to find together the best solutions to calibrate financial resources and spend them correctly and effectively at the same time.

Source: gov.ro

 

Published By Delia Maria Tataru

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