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Minister Schauble: Romania must protect its debt-to-GDP ratio of less than 40 percent
Romania's economic growth rate is one of the most dynamic in the European Union, which is noteworthy in such challenging times, but the country must protect its debt-to-GDP ratio of less than 40 percent and speed up the pace of investments, including from European funds, and by accessing the Juncker plan to reduce the development gap against other member countries, German Finance Minister Wolfgang Schauble on Wednesday told the conference "Romania: investment opportunities in a challenging global economy" taking place in Bucharest.
Schauble also referred to Romania's low unemployment rate, which is even zero in some regions, but also mentioned the problems both Romania and other European countries are facing because of youth unemployment.
I recommend you the dual education model, one of the most important educational models in Germany. A diploma shouldn't necessarily be from a university. All diplomas must enjoy appreciation and this diversity can be obtained by dual education, said the German Minister of Finance.
He reminded the fact that Germany is Romania's No. 1 trade partner, mentioning the two states' growing commercial exchanges, as well as the significant investments. In this context, the German official recommended the Romanian authorities to not allow conflicts to emerge between foreign and Romanian investors, or between large companies and SMEs.
Wolfgang Schauble also advised Romanian officials to speed up the absorption of EU funds and access the Juncker plan to close the gap separating Romania from developed EU countries.
Attending the conference were 150 representatives of Romania's Presidency and Government, of other national institutions, as well as of international financial institutions, of the National Bank and commercial banks, the business milieu, investment funds and the capital market.