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Vasilescu (BNR): Romania don't have a sustainable economic growth
All of the European Union's countries wish to have a sustainable economic growth, which Romania doesn't have yet, the sustainable development being to us the most proper model, on Monday said at a specialty forum, the National Bank of Romania (BNR)'s strategy adviser, Adrian Vasilescu.
The BNR official stressed that in 2008, Romania recorded the highest economic growth in the EU, and yet one year later it recorded a significant decline to minus 7.1 percent.
According to him, the first signs of economic recovery sprang in 2010, and currently Romania is again the country with the highest economic growth in the EU.
"All of the countries wish to have a sustainable economic growth, which we don't have yet," Adrian Vasilescu pointed out.
In his opinion, the term of sustainable development is the proper term fit for current Romania.
"The model we are longing for and we have not yet found should start from certain criteria. Firstly, we must acknowledge that any sane society cannot wish but prosperity for its country. A state of development for a critical mass of the population, because there is no country on this planet that has yet invented prosperity and wealth for its entire population, so that it would be absurd that we think we could do it, and at the same time have a smaller number of poor people, and moreover to think to the possibility of having a normal, decent status for the needy. These would be the demands in a time Romania enters its 10 year since the beginning of the crisis. Here we are, on 15 September it is officially nine years since the crisis practically kicked off. Now we are year 10," the BNR official emphasised.
The regional policies in Central, Eastern Europe, the Baltic states and the Middle East are debated 25 through 26 September in Bucharest within the biggest regional economic forum that takes place yearly in Romania - Forbes CEE Forum 2017.