The voice of the entire
Upstream sector in Romania

Encouraging private investment is the antidote to poverty

Over 8 million people are living with major deprivations in Romania and assessments made by the European institutions and the UN show that Romanians are among the poorest Europeans. More worrying for the new generations route, the latest Eurostat data show that average poverty rate of children in Romania exceeded 50%.

"Over 8 million Romanians live under the threat of terrible poverty; these millions of citizens are to be found mostly in small rural and urban communities. These are communities dependent on investment projects in a sole industry", said during Income Magazine TV show Daniel Apostol, economic journalist and Secretary General of ROPEPCA association.

The combination of small and poorly structured investments made by the state and of induced blockage in the private economy that diminish the attractiveness of capital expenditures lead to a dangerous spiral of unemployment.

Domestic public policies, coupled with an inauspicious conjuncture in oil prices affect not only thousands of industry employees, directly employed, but have a negative impact on other tens of thousands of employees through horizontal effects on contracting industries.

In short, Romania must protect and strengthen industries with strategic and geopolitical features, such as mining or energy. "We risk killing the oil industry, an economic sector upon which depends hundreds of thousands of Romanians. By not encouraging investments, we could block the growth of the national economy", said Daniel Apostol.

 

 

Antena 3, Daily Income, 26 noi 2015 - stire pre show

       

Antena 3, Daily Income, 28 noi 2015 - stire post show

           
       
  Antena 3, Daily Income, 28 noi 2015 - emisiune   Antena 3, Daily Income, 28 noi 2015 - beta
       

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

INTERNATIONAL NEWS

Sierra Leone reopens...

Sierra Leone has reopened its fourth licensing round following the conclusion of a six-month industry consultation that was designed to collate...

Norway's production...

Preliminary production figures for April 2019 show an average daily production of 1,729,000 barrels of oil, NGL and condensate, which is a decrease...

GoM: TGS and...

TGS and Schlumberger have announced a strategic collaboration for multiclient ocean-bottom node projects in the deepwater U.S. Gulf of Mexico.
LOCAL NEWS

OMV Petrom completed...

OMV Petrom completed the modernization of the Arad fuels terminal, the largest in West Romania...

Turkey insists on...

Tensions over energy resources in the eastern Mediterranean have risen sharply after Turkey said...

EVgo and Chevron Bring...

EVgo is working with Chevron to bring EV fast charging to select Chevron company-owned and...
OIL & GAS CHARTS