Private business looking to restart engines

As the state decided to cut salaries and pensions to avoid raising taxes and thus choking the business sector, one may very well think that the ball of the economic reboot is in the companies’ court. What are companies lacking now that would allow them to proceed to investments and hiring? Is it markets, financing, initiative? What more does the state need to do to give a boost to business?

“These are necessary, yet not sufficient steps to reboot the economy. They have to be in synch with other steps such as massive reduction in the number of public sector employees, which would relax the workforce market. If half of the people in ministries were to leave, it would make no difference in terms of productivity. There are certain Agriculture Ministry agencies which in some counties have more employees than there are farmers,” says Mihai Anghel, owner of Cerealcom Dolj, whose agricultural business stands at more than 85 million euros.

Finance Minister Sebastian Vladescu says companies now have room to manoeuvre, which they have to use to restart their engines.