FP managers: Romania could be the first state emerging from crisis with a strong economic growth

'Romania has already taken the 'bitter pill' applied by the IMF and, thanks to this, is well positioned for speeding up its economic growth over the upcoming years. Of course, 2012 might still be a difficult year due to the issues in the euro area, but once these will pass, Romania's economy could be the first to emerge from the European crisis with a strong economic growth. Most states in the European Union have to apply the same difficult measures Romania has already experienced,' the two officials of the company managing Proprietatea Fund told a joint release sent to Agerpres on Wednesday.

This aspect has already been acknowledged by the rating agencies, Fitch upgrading Romania from BB+ to BBB-, whereas most EU member states were harshly downgraded.

According to the two Franklin Templeton representatives, the factors triggering a higher GDP in 2012 might be the retail (which is now at a low level, 20 percent below the peak level reached in December 2008), and the major infrastructure projects (about 10 billion euros total value of the investment objectives with a deadline starting on 2012, according to data released by the Ministry of Transports).

All these should come as a counterweight of the decreased exports. The GDP might go up in 2012 by 1.75 percent to 2.25 percent, according to the Government's prognosis.

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