The development model based on foreign capital has reached its limits, AOAR official says

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The development model based mainly on foreign capital has reached its limits, and the Romanian economy is living a great moment of change in the business model, the president of the Association of Businessmen in Romania (AOAR) Florin Pogonaru said on Friday at the second edition of ‘Banii Tăi Expo’.

“From the point of view of businesses environment I believe that currently Romania’s economy is living a great moment of change of the business model. I believe that the development model based primarily on foreign capital has reached its limits. It is very good, it was very good but let’s admit that it has reached its limits. Now we must focus on what we can do on our own strengths, including by mobilising local capital,” Pogonaru said.

He believes that at this moment the Romanian assets are being wasted.

 

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