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Anda Todor, AmCham Romania
More attention needs to be paid to the qualitative approach, rather than quantitative»
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PM Sorin Grindeanu: 5.7 per cent economic growth - confirmation that the measures taken by the Government are the right

The 5.7 percent economic growth registered in the first quarter of 2017, as compared to the first quarter of 2016, an evolution which exceeds the expectations of analysts and international bodies - International Monetary Fund (IMF), World Bank (BM), the European Commission (CE), is a confirmation of the economic measures taken by the Government.

2017-06-20 14:57:32 - From the Print Edition

Romania has thus recorded the highest growth in the European Union in the first quarter of this year, according to data published by Eurostat, a Government release shows. The Government will continue to support the economic growth trend by stimulating public investment, accelerating the drawing of European funds, improving tax collection and curbing tax evasion. The economic growth is also the result of the business environment's confidence in the economic measures announced by the Government for the next period - including the Prevention Law, the establishment of the Sovereign Investment Fund - also proven by the confidence indicators calculated by the European Commission.

"For 2017, we intend to draw substantial European funds to the Romanian economy, namely 5.2 billion Euro," Prime Minister Sorin Grindeanu said. "At the same time, I personally monitor through weekly working meetings, the improvement of tax collection and the fight against tax evasion. These are levers whereby we support the pace of economic growth so that the evolution of the economy can be felt in Romanians′ everyday lives." The economic growth rate of 5.7 per cent, higher than the estimated figure for the entire 2017, respectively 5.2 per cent was anticipated by other positive developments in the economy. Exports peaked to a record high in March 2017, namely 5.7 billion Euro. More than 100,000 stable new jobs were created in the first four months of the year. Industrial output has high growth rates - a positive development in the manufacturing / medium and high-tech industries.



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