Romanian Social Democrats unveil plan for economic recovery
The Social Democrat (PSD) leader Sorin Grindeanu has unveiled on September 11 the first draft of a plan aimed at economic recovery, targeting 3% annual economic growth within several years, bringing the trade deficit in goods under 8% of…
iulian ernst · Journalist
· Updated · 3 min read
The Social Democrat (PSD) leader Sorin Grindeanu has unveiled on September 11 the first draft of a plan aimed at economic recovery, targeting 3% annual economic growth within several years, bringing the trade deficit in goods under 8% of GDP from 9.5% currently, and creating 120,000 new jobs predominantly in high value added industries through a combination of state guarantees and tax credit for companies investing in new, particularly high-tech, projects and subsidies for young employees.
The plan, introduced by Grindeanu with the view of being promoted by the cabinet of prime minister Ilie Bolojan, is still to be detailed, Cursdeguvernare.ro reported. However, PSD has not discussed the strategy with the ruling partners yet.
