IMF | Growth in Romania for 2013

Romania
Romania

With a growth of around 2.2% provides the International Monetary Fund that will run this year the Romanian economy, against the estimated growth of 2.8% for the whole of 2013. The above announced in a press conference Sachter Andrea, head of the IMF mission, which remained in Bucharest for two weeks and had talks with the Romanian authorities, on the first and second evaluation of the lending agreement preventive Romania with international organizations. For 2013 we estimate an increase of 2.8% of GDP, which is the highest growth since the beginning of the crisis, he said, adding that the good year in agriculture and the positive export performance was one of the factors that contributed to positive this evolution.

Romania

Romania

Regarding the 2.2% growth forecast for 2014, Mrs Sachter noted to be lower than last year, but this year is expected to emerge as other sectors, except agriculture, which will play an important role. We are optimistic that new jobs will be created, he said. Meanwhile, the Romanian Prime Minister Victor Ponta, after his meeting with representatives of the IMF, expressed the view that the country’s president Traian Basescu will eventually sign the memorandum with the IMF, once the letter prostheses of the Romanian government excludes a summary of the increase in excise duty on fuel, worth 7 euros, which was why Mr Basescu had signaled its intention not to sign the memorandum.

IMF

IMF

With regard to the disputed tax on fuel, Mr Ponta noted that should be implemented by April 1, 2014. Further, the Letter of Intent and Memorandum define clearly that during the next mission of the Fund in Romania, which is scheduled for April, the government should already have prepared measures for the application of the tax exemption of reinvested profits and business hope that in this way the messages will be sent to citizens and the private financial sector, will keep the economy of Romania in an upward trend and will help reduce social disparities, said the Romanian Prime Minister. Mr. Ponta stated that probably next week will be sent for ratification to the President of Romania the final versions.

By Nicole P.

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