Romania can be among top 10 EU economies until 2036, says Foreign Investors Council

Romania can increase its economy four times in the next 20 years and to become one of the top 10 economies of the European Union, if it focuses on three key pillars for investment and reform and together with a proper governance framework, according to the Foreign Investors Council (FIC), qouted by Business-Review.eu.

The current Romanian growth rate, athough encouraging, is not sustainable in the long term in the absence of a strategic approach, according to FIC. And this is why its members believe that this is the right time for citizens, civil society, business, academia and politicians have a dialogue about a long-term plan for Romania.

FIC says that Romania’s economy would grow to EUR 655 billion in GDP by 2036, up four times compared to today, by focusing on the pillars: modern infrastructure,  demography and human capital,  public and private efficiency.

To achieve this goal, Romania should grow at an average rate of about 4 percent per year, over a period of 20 years. Economic growth may accelerate from 3.3 percent, the current potential growth rate, up to a maximum of 4.5 percent towards the end of the period.

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