Romania’s investors ask for EUR 30 bln "shock therapy" to save economy from long-term Covid-19 recession

Some of the biggest business organizations in Romania and hundreds of local investors, entrepreneurs and managers have initiated a “Call for Saving the Economy” asking the state authorities for an economic stimulus package worth EUR 30 billion, the equivalent of 15% of the country’s gross domestic product (GDP). They warn that the local economy could collapse in the absence of massive state involvement.

Romania should even consider loans from international financial institutions, such as the European Bank for Reconstruction and Development (EBRD) and the International Monetary Fund (IMF) to finance the massive economic stimulus package proposed by the business environment.