Romanian PM Emil Boc: 2011 macroeconomic targets reached. Growth stood at "almost 2%", budget deficit at 4.4%

Romanian PM Emil Boc announced on Wednesday that the Government reached the macroeconomic targets for 2011 „without troubles”. The economic growth, he said, stood at „almost 2%”, as compared to the targeted 1.5%, while the budget deficit target of 4.4% was reached.

Jobs and investments are the most important priority for the Government in 2012, according to PM Boc.

He said the Government eyed a minimum 20% European fund absorption rate in 2012. And he said two reforms would develop this year – that of state-controlled companies and the healthcare reform.

„Romania has no other chance but to remain credible, prudent and responsible at international level”, he said.

Romania undertook the macroeconomic targets as part of a deal signed with the IMF, the European Commission and the World Bank.