Prime Minister Ilie Bolojan said on Saturday that, following the administrative reform scheduled for January and the adoption of the state budget, Romania must focus on investment, primarily in the energy sector, a move he said would bring stability to the economy.
"If January and February are concluded with the measures needed to prepare the budget and a stable budget is secured, Romania must then, from February onwards, focus on creating the conditions for development and on completing key energy investments. A central objective is to ensure access to cheaper and sufficient energy produced domestically. Finalising the Iernut power plant is a priority that must be achieved this year. At the same time, 2025 marks the largest investment to date in offshore drilling in the Black Sea. If delivered successfully, this project will provide several billion cubic metres of additional gas by 2027, turning Romania into a net gas exporter and opening the way to better capitalise on these resources within the national economy. Efforts must also be stepped up to support Romania's national champions in expanding production and boosting exports, in order to rebalance the country's trade balance,' Bolojan said on private broadcaster Digi 24.
The prime minister also stressed the need to attract foreign investment to Romania, noting that this can only be achieved in the context of stable governance.
"This translates into technology transfer and well-paid jobs outcomes that must be delivered and can only be achieved under a stable system of governance. As previously noted, the interest rates Romania pays are influenced not only by how the budget is managed, but also by lenders' perceptions of future governance what may happen in six months, one year or two years' time. In essence, it all comes down to stability, which in turn requires responsibility from each of us in the positions we hold," Bolojan added.
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