Romania's target is 2 percent of GDP by 2020 for R&D
Romania's objective in terms of the expenditures on Research & Development (R&D) is 2 percent of GDP by 2020, on the rise from the present situation, 0.42 percent of GDP respectively, Carmen Marcus, economic policies analyst at the European Commission's Representation Office in Romania, told a specialist conference.
2015-02-19 15:37:21
"Romania′s objective regarding the R&D expenditures is 2 percent of GDP by 2020, up from 0.42 percent of GDP at present. These targets are not fixed, but a quantification that helps the policy-makers see what direction must be followed. Romania has exited the excessive deficit target in 2013, by 1.8 percent of GDP as budget deficit and public debt," said Marcus.
She added that companies from Romania must be encouraged to spend money on the services segment, both in the IT&C sector, as well as in energy.
"The economic growth in Romania cannot be achieved at low cost. We have many high-tech companies, but their spending on R&D is close to zero. We are among the few countries in Europe unfocused on services. It is important that these firms be stimulated to invest in R&D. On the other hand, Romania ranks among the top places in Europe in terms of energy independence, but investments are still needed," the official explained.
The Consultative Council in IT&C, in collaboration with the European Commission′s Representation Office in Romania, is organizing, on Wednesday, in Bucharest, the debate devoted to the Investment Plan for Europe, which institutes the European Fund for Strategic Investments for the period 2015 to 2017.
After the European Commission′s President Jean-Claude Juncker announced on November 26, 2014 the Investment Plan for Europe, which aims to boost the employment of workforce and economic growth, the European Forum adopted, on December 18, 2014, the legislative proposal on the European Fund for Strategic Investments.
The Fund will be established within the European Investment Bank (EIB) and the European Commission will mobilize at least 315 billion euros in private and public investments in the entire European Union and will support mainly strategic investments, such as those relating to broadband and energy networks, as well as smaller companies with fewer than 3,000 employees.
The Investment Plan for Europe also institutes a European Platform providing investment-related advice for identifying, drawing up and developing the respective projects.
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