Finance Minister: Romania can be the investors' new darling

Romania’s Finance Minister Anca Dragu believes that Romania can become one of the foreign investors’ favorite destinations in Eastern Europe, as the political changes in Poland have eroded the investors’ confidence in this country, until recently the region’s top performer. Romania has been underestimated by investors and eclipsed by its neighbors for too long, according to Dragu. She pointed out to the calmer political backdrop and the fast economic growth, which is set to be over 4% this year. Meanwhile, Standard & Poor’s cut Poland’s credit rating on January 15 on concern the new government is undermining the independence of institutions such as courts and media. “There are certain developments in the region that have investors worried,” Dragu said in an interview with Bloomberg. “Compared with that, Romania’s economic growth is balanced and sustainable, we have an educated population and relative political stability that we need to appreciate more because we don’t have extremist parties that cause problems in other countries.” editor@romania-insider.com