September 20, 2018

Mugur Isarescu: Exports are a growth solution for Romania

In the current global economic climate, Central Bank Governor Mugur Isarescu sees exports as a solution of growth for Romania. Mugur Isarescu said on Monday, during an event that marked 20 years since the founding of the bank ‘Banca de Export-Import a Romaniei – EximBank,’ hosted by the National Bank’s headquarters that the growth solutions based on export are inevitable in Romania, “as we have no alternative to development. Every in the world, solutions are being sought of.” According to him, a framework-scenario aimed at supporting the economic development of the country, with emphasis on export, is a must not just for Romania, but for other countries as well. The public and state-guaranteed private debt generated by the trade deficit will have to be repaid at some moment, the BNR official warned.
Source: Bucharest Herald (read more)

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