President Says Romania Could Overcome Crisis More Easily If It Used EUR30B EU Funds

Basescu added that foreign investors pumped EUR8.4 billion into Romania in 2008, the country’s best year for investments, and stressed Romania has at its disposal non-reimbursable financing of EUR30 billion for investments in the 2010-2013 interval. He went on to say that even EUR7-10 billion per year would suffice to help Romania overcome the crisis more easily.

The head of state also said a group of businesspeople representing a mutual fund in the United Arab Emirates was to arrive in Romania Monday evening and stressed the fund targets investments in agriculture.

He also underscored that the public-private partnership bill, which was recently passed into legislation, aims to stimulate and uphold foreign investments in Romania.