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Coronavirus: Romania announces 100 bn New Deal

To rebuild the economy after the crisis, focus on infrastructure

03 July, 13:25
(ANSA) - BELGRADE, JULY 03 - How to deal with the post-coronavirus economic crisis and relaunch one of the hardest-hit countries? With a wealthy 'New Deal', which is worth over 100 billion euros to be distributed in ten years, aiming to give a fresh impetus to the economy. Romania thus reacts against the economic crisis caused by the coronavirus, the Romanian liberal premier Ludovic Orban announced.

Orban promised that the investment program would change the country's development strategy, making it more competitive and sustainable. Orban talked of a plan for the Reconstruction of Romania that he designed along with the President of the Republic, Klaus Iohannis. "It's a true"Marshall Plan" for the EU country," Minister Costel Alexe underlined on the Digi24 portal.

According to reports from Radio Romania International, the investment program will focus mainly on transport infrastructure, which is still unsatisfactory particularly as regards motorways and railways, but also on health, education, and energy, with 80% of the resources for these sectors coming from the public budget, but also European funds. Other planned measures include support for SMEs and the sectors which suffered a lot from the post-pandemic crisis. "It's time for all economic measures to be included in one plan for economic recovery, underlined President Iohannis. The oppositions expressed sharp disapproval, and they said the plan is "all talk and no action." (ANSA).

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