Romanian President Traian Basescu said during an official meeting with the President of the European Parliament, Martin Schulz, the domestic economy may grow next year by 2.5 percent of GDP, based on the absorption of EU funds.
President Martin Schulz also spoke on Wednesday in the Parliament, as part of his first official visit in Romania.
For this year, the government revised down the economic output to 1 percent of GDP, while the EBRD put it at 0.5 percent in its latest estimate. Economists at BCR, the largest bank in Romania, said the economy will grow by 0.7 percent due to a poor agricultural harvest and the Euro zone woes.
Read more: EU funds to support Romania's economic growth of 2.5 percent in 2013, says President Basescu - Business Review
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