PM Ciolos: Romania has new political, economic opportunities after Brexit


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Questioned about the Brexit effects on Romania, PM Dacian Ciolos told the public radio station on Monday that the after-Brexit opens new domestic political and economic opportunities for Romania by attracting new investments.

“Moments of crisis like this one are also moments for new opportunities. In those moments it’s important to take clear, resolute decisions and that’s why the meeting held with the leaders of the political parties at the Presidency last week is significant as it can be the premise for a new country project even in this electoral year (…) The parties that are to rule after the elections should turn this moment into an opportunity,” PM Ciolos said.

In his view, there are not also political opportunities but also economic ones, considering that the macroeconomic indicators and the low taxation can lure new investments.

“It’s important that we should enhance this positive image through a good control over the budget, to give the impression that we are holding the state budget, as well as the potential of economic development. Actions must be taken so that this economic growth shouldn’t be based anymore on consumption, but to relocate it towards production and this involves investments, both improving the public investments and also stimulating the private ones. We must consolidate the Romanian capital, as a sustainable economic development cannot rely only on foreign investments,” the premier argued.

In the prime minister’s view, a new opportunity for Romania is that its point of view should be more heard in Brussels.

Asked what will be the UK-Romania economic relation after Brexit, considering that Great Britain is the fifth commercial partner of Romania, Dacian Ciolos pointed out that the imports and exports between the two countries have no significant balance and there is no British capital across the Romanian banking system.

“Great Britain is not one of the consistent economic partners for Romania at present (…) In the short run, the economic impact of this process is manageable. On medium and long term, it depends how the UK exit will be negotiated,” Ciolos opined.

Also questioned if the Romanian students are to hurt following the Brexit, Ciolos answered that they would have no problems, as the UK should still observe the European rules on education, while adding that the British academic system is still interested in further attracting youngsters from the EU.

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