The country’s agriculture could be one of the strongest in the EU, if European funds are absorbed properly, foreign direct investments are attracted, and some government support is provided.
“Agriculture becomes increasingly significant, given that grain prices are constantly rising. Grain prices virtually doubled internationally between 2001 and 2008. As far as Romania is concerned, the 2008 agricultural year will be an outstanding one. We are expecting good production, maybe the best in Romania’s history,” said BCR’s Chief Economist Lucian Anghel.
EU funds for agriculture alone amount to €7.7 billion for 2007-2013.
