Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

BERD Report : The infrastructure – the main priority for Romania

« The development of the infrastructure is a main priority for Romania which recorded supplementary delays during last year. The authorities have to increase the capacity of the public sector to draw EU funds and increase the volume of financial resources for infrastructure projects.

Although the measures imposed in the agreement with IMF can diminish the domestic demand for short term, they are necessary to create the conditions for economic growth' the report published on Friday by the European Bank for Reconstruction and Development said. Romania « looks good » as regards the evolution of the key interest rate which helped the economy a lot, but records more reduced scores for market liquidity. Fiscal administration is the most important obstable for companies in five countries under transition and in other 3 states it is at the top. Interestingly enough, these countries where administration tax is the main issue are in the same geographical area – Bosnia and Herzegovina, Croatia, Hungary, Montenegro and Romania. ' Romania should borrow from Bulgaria ideas as regards the improvement of fiscal administration' European bankers suggest.

Romanian companies with serious problems as regards working force

The report analyses separately the dynamics of the financial market and the measures taken by the European states with regard to the limitation of the dynamics of foreign currency loan. Thus, out of the 13 types of measures which could stop foreign currency loans – which could go from minimal conditions to total interdiction – Romania applied only one. On the other hand, the Romanian companies has serious problems with the available working force while in Bulgaria the managers do not regard this thing as a priority. Along the years of boom, the economic expansion of Bulgaria was determined more than in Romania by an increase of the sector of constructions, which need less skilled work.

Skilled workers flee Romania more than Bulgaria

Moreover, the skilled workers left Romania in larger numbers than Bulgaria. Practically, only between 2000 – 2005, the net migration from Bulgaria ( the number of those who left out of the population) was of 0.5 percent as compared to 1.2 in Romania). One of the explanations is due to the fact that the Romanians speak several foreign languages as compared to the Bulgarians – thus migration from Romania was directed to such countries as France, Spain, etc, while the Bulgarians went only to

Anglo-Saxon countries. Corruption is perceived as being one of the pitfalls of doing business in Bulgaria and Romania. The business conditions proved to be very difficult during the crisis, showing the need for flexibility on the working force market, fiscal reforms and excessive bureaucracy in giving licenses.

Sursa: http://www.actmedia.eu

Tags: romania which bulgaria priority report infrastructure berd

Articole similare