Socol: Romania's objective to become the main technological and industrial hub in Eastern Europe is achievable

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Romania's objective to become the main technological and industrial hub in Eastern Europe is achievable, according to Cristian Socol, adviser to Prime Minister Victor Ponta.

'The strategic industrial policy promoted by the Ponta government begins to show fruit. Romania's objective to become the main technological and industrial hub in Eastern Europe is achievable. According to Eurostat, Romania is currently ranking 4th in the EU in terms of industrial output, after Ireland, Slovakia and the Czech Republic, with an 8.7 percent growth recorded in November 2013 compared with November 2012. The EU28 average for the same interval is 3 percent,' Socol told AGERPRES on Friday.

According to him, the government will continue to carry out in 2014 the National Plan for Strategic Investments and Employment, while the industry is considered among strategic sectors.

'We will continue to stimulate the increase in industrial output: by promoting a pro-business orientation in our foreign relations, by offering facilities for the building and development of technological and industrial parks, business incubators, and also state aid schemes for strengthening competitiveness clusters and innovative hubs, minimis schemes for industrial SMEs, concentration of guarantee and counter-guarantee mechanisms for SMEs in top sectors of the economy and start ups and also by offering facilities in the information technology sector. Encouraging is also the growth in the weight of such industries with average—and high-technology intensity in the total industrial output and exports,' Socol also said.

According to him, the consolidation of the industrial basis will allow Romania to increase economic competitiveness and to achieve 'a better immunization against external shocks,' which means a plus of economic potential, a small volatility and higher incomes for those working in this field. AGERPRES

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