Daniel Daianu

The financial crisis and the pandemic have led to an increase in the public debt from about 15% of GDP in 2008 up to over 47% of GDP at the end of 2020, with a fiscal consolidation with an average annual deficit correction rate of approx. 1.5% of GDP to stabilize the debt at just over 50% of GDP by 2024, says the president of the Fiscal Council, Daniel Daianu.

Romania will record economic growth of between 6 and 7% in 2021, Daniel Daianu, chairman of the Fiscal Council said on Wednesday, adding that there is an economic rebound, there is public investment spending of 5.5% of the Gross Domestic Product (GDP), more than in 2020. "I believe that, indeed, the growth will be between 6 and 7% in 2021. It might as well be 7%.

The return of GDP to pre-pandemic levels will happen in early 2022, just like almost everywhere in the European Union, Chairman of the Tax Council Daniel Daianu told the regional video conference ZF BRD Budget 2021 today, stressing that he is "almost certain that next year will see economic growth." "It is almost certain that there will be economic growth next year.

Romania needs smart, hands-on public policies, "for instance a promotional (development) bank is necessary, and reviving the idea of a National Development Fund, after the Polish model, should also be considered," Fiscal Council chairman Daniel Daianu writes in an op-ed.

The President of the Fiscal Council, Daniel Daianu, recommends postponing new increases of incomes / salaries, stopping the promises that generate unrealistic expectations in citizens and restructuring the state apparatus given that, according to him, the acute deficit of fiscal area is increasingly dangerous.

The Senate and the Chamber of Deputies gathered on Wednesday in a joint extraordinary session to appoint the new members of the Board of Directors (BD) of the National Bank of Romania (BNR), the Fiscal Council and the president of the National Audiovisual Council (CNA).

Productivity is the key to resistance in the Eurozone, the basis of competitiveness, but it must not be achieved through low wages because otherwise we are bound to remain a peripheral economy, Daniel Daianu, member of the National Bank of Romania (BNR) Board of Administration stated on Wednesday at the debate titled "The Romanian economic model in the EU. Romania - 2040 Horizon."

Economy professor Daniel Daianu, member of the Board of the National Bank of Romania (BNR, the central bank) says the European Parliament should thoroughly review the project of the European fund for strategic investments; according to him, the project has no concern for the Central and Eastern Europe.

Photo credit: (c) Angelo BREZOIANU / AGERPRES PHOTO

The volume "Romania's new wave" was released on Tuesday evening in a major event organised in Bucharest. The coordinator Marius Stoian said that this book is "a hub of ideas".

Photo credit (c) Liviu SOVA / AGERPRES PHOTO

One of the most challenging collaborative editorial projects, titled 'Romania's new wave', will soon be launched under the banner of the Foreign Policy magazine.

Photo credit: (c) www.facebook.com/RomaniaNouluiVal