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Maure, Dacia: Romania needs 7 pc economic growth per year; the current rate doesn't help us

Maure, Dacia: Romania needs 7 pc economic growth per year; the current rate doesn’t help us

If Automobile Dacia wants to have a say in the region and Europe, Romania must mobilize its resources. The economic growth of 3.4 percent estimated by the International Monetary Fund (IMF) for Romania in 2015 is not big enough to really matter, according to Dacia President and CEO Nicolas Maure.

“For Romania to have a convergence to other countries and economies in the European Union, we need a much higher growth of 4 percent; we need an increase of 7 percent to catch up with the Czech Republic or Poland. If we can catch up, it should be the subject of a good debate initiated in elections next year, ” Maure said on Friday.

Recently, Romanian car maker Automobile Dacia, part of France’s Renault, topped the ranking of the biggest companies in Southeast Europe (SEE) by total revenue for 2014. Dacia replaced at the no. 1 position Romanian oil and gas company OMV Petrom, majority-owned by Austria’s OMV, which had held the leading position for six years in a row, in Sofia-based news agency SeeNews view.

“The car maker’s success comes on the back of EUR 4.25 billion in total revenue for 2014 and a 10 percent increase in its net profit to EUR 82.9 million,” the news agency notes.

About Anca Bernovici