Tariceanu: Romania's economy does not have structural problems

Romania's economy does not have structural problems, Prime Minister Calin Popescu Tariceanu said on Wednesday, adding that the economic signals on the world market must also be considered, which requires a certain prudence.

He announced he called on the ministers, during the Government meeting, to make a thorough planning, so that expenses should not go up at year-end.

According to the PM, Romania witnesses a growing pace over the European average, as the results of investments are showing, while for 2008 a significant economic growth is expected. Tariceanu mentioned it was natural that the Stock Exchange reacted to international events.

On the same occasion, Tariceanu said the current exchange rate is not the worst ever registered in Romania and that it did not affect macroeconomy. The domestic currency's depreciation is the effect of some speculative actions , but such speculative actions also took place at an exchange rate of 3.1 lei for 1 euro, he explained.

Rompres