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Eugen Teodorovici, in Brussels:
Romania will become
competitive on the single market
if it invests in human resources
Romania can become competitive and attractive
on the single market if it invests in human resources,
if it finds the necessary measures to keep the human resources within the country and if it implements the best European practices for public and private investments, Minister of Public Finance Eugen Teodorovici said at the conference “The Single Market as a Driver of Investment in Europe” that was organised
in Brussels by the European Commission together with the European Political Strategy Centre just before a regular ECOFIN meeting.
The conference was attended by three European Commissioners - Jyrki Katainen, Cecilia Malmström and Günter Oettinger - along with the Romanian Minister of Finance, EIB President Werner Hoyer and a large number of senior officials from other member countries. They debated the priorities on which European decision-makers should focus in order to maintain an upward trend in investment and to improve the business environment at EU level.
In his speech, Minister Eugen Teodorovici stressed the importance of a European unitary approach to investment and advocated the promotion and application of equal rules for all actors in the European single market.
The Romanian Finance Minister also emphasized that Romania's investment policy priorities should aim at increasing both the number of employees and the quality of
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the workforce with a view to strengthening domestic production capacity and to increasing exports both within and outside the EU.
He spoke about the EU issues related to the implementation of the public procurement legislation and the need to identify flexible and common solutions to simplify it across Member States.
With regard to the new financial framework, Minister Teodorovici inquired about the possibility to start investments with effect from January 1, 2019, before the approval of the new financial framework 2021-2027, by means of a mechanism whereby public funds (including funding from international financial institutions - EBRD, EIB, WB) that fall under European priorities would be reimbursed from European funds under the new financial framework.