Govt. releases new development strategy

Computer technology and communications equipment are the industries that will see the highest production and consumption growth rate in the next 20 years, as estimated by the authorities in “Romania’s Sustainable Development Strategy – Time Frame 2025” launched at the Parliament Palace in late last week. Applying the energy and industrial policies in this strategy is up to both the domestic factors, such as the change of direction, once several electoral cycles have passed and to external factors, given that Romania is on its way to become part of the single European market. The current government had previously issued a 2001-2004 development strategy, with most of its targets unattained. “Starting from the current situation, when petrochemistry, metallurgy and machine building are fundamental sectors, with a view to the next 25 years, we will develop those sectors entailing advanced processing and high added value, that is precision mechanics, electronics, electrical engineering and IT technology,” Economy minister Dan Ioan Popescu said. ZF