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Bucharest, April 25 /Agerpres/ - President Klaus Iohannis said on Tuesday that he categorically rejects recent populist attempts to place foreign investment in opposition to Romanian capital.

"I categorically reject recent populist attempts to oppose foreign investments to Romanian capital, multinational companies to Romanian SMEs," Iohannis told the event "Romania's President in Dialogue with the Business Milieu" organized at Romania's Chamber of Commerce and Industry.

The head of the state underscored that he regards the business environment as the key pillar for any national construction approach.

"My deep conviction is that Romanian entrepreneurship will strengthen as cooperation with foreign investors tightens, but we need policies to encourage the integration of value-added production chains into the national economy. Production is the key to our prosperity and it's for this reason that I wanted to get into dialogue with business people who create added value in Romanian economy," Iohannis said.

"Of all EU states, Romania has record-high growth rates, we had 4.8 pct in 2016, but beyond the quantitative side of such performances, we must equally pursue the qualitative side by a more consistent contribution of investment to GDP growth. Last year, foreign direct investment reached a record high for the post-crisis period - about 4.3 billion euro, which further shows Romania's attractiveness to foreign investment, whereas the quality of these investments is also important. Net exports made a negative contribution to GDP growth, given that imports systematically outpaced exports, mainly due to consumer goods, which deepened trade deficits by almost 20 pct in 2016 and by about 27 pct in the first two months of 2017, compared to 2016," added the head of state.

President Iohannis also said that although employment has improved significantly, the unemployment rate has reached 5.4 pct, and that consistent solutions are needed to address the issue.

"We need to give impetus to those sectors with a particular potential of furthering productive value chains, such as the automotive industry, the IT & C sector and the creative industries, agriculture and he food industry," Klaus Iohannis said.

He gave the example of the automotive industry and the IT & C sector which broadly generate almost 20 pct of GDP. AGERPRES (RO - author: Florentina Peia, editor: Andreea Rotaru; EN - author: Simona Klodnischi, editor: Adina Panaitescu)

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