Romanian PM Voices Out Deficiencies In Tourism Sector

The country’s tourism potential can be capitalized by promoting the Danube Delta and the monasteries in Bucovina, northern Romania, which are “must see” places for tourists, Tariceanu stressed at the International Hospitality Industry Investment Conference organized in Bucharest.

Tariceanu also spoke about the country’s economic growth in recent months and pointed out that the international financial crisis can affect investments in Romania, consumer loans and the economic growth in the upcoming period, which will trigger a decrease in cashflows and more expensive loans.

The prime minister, however, assured officials in the tourism industry that the government will continue to invest in the education and research sectors, as well as in transport infrastructure, which includes construction works on two highways to link the country’s northern and south-central regions.

"The international financial crisis will most likely trigger a relative slowdown in the country’s economic growth, but the results will exceed the European average by far. Have faith in the country’s economic growth," Tariceanu told the attendees, adding investments are based on economic and political stability, which, in turn, rely on the country’s European Union and NATO membership, as well as a budget deficit of maximum 3% of gross domestic product.