BRDs forecasts for Romanian economy
BRD’s predictions on the future of Romanian economy are based on a last quarter marked by a flat economic performance and zero growth in 2010.
“Under these assumptions, we have put in place rigorous cost-containment measures, while scanning the environment for any commercial development opportunity to take advantage of the distressed situation of other banking institutions”, said Patrick Gelin.
BRD’s chairman added that Romania’s anti-crisis plan consisted of projects financed by European funds, but the usage level of these funds had been weak so far. Public power must stimulate authorities to speed up the process.
Recently, the head of BRD has identified two other hotspots for the development of Romania, namely the management of public finances and human resources.
“Under these assumptions, we have put in place rigorous cost-containment measures, while scanning the environment for any commercial development opportunity to take advantage of the distressed situation of other banking institutions”, said Patrick Gelin.
BRD’s chairman added that Romania’s anti-crisis plan consisted of projects financed by European funds, but the usage level of these funds had been weak so far. Public power must stimulate authorities to speed up the process.
Recently, the head of BRD has identified two other hotspots for the development of Romania, namely the management of public finances and human resources.