It would be unjustified that in a time like this, when the effects of the global economic crisis start to be felt in Romania, the President not to intervene in the public debate, Romanian President Basescu declared today in a press conference. The conference was organized after the President visited several companies across Romania. He added that experts estimate that investments will collapse but he underlined that this is unlikely to happen after what he witness in the country.

Here are some of the most important declarations the President made:

I saw that my visit to various companies raised some controversy I am not campaigning: it would have been unjustified not to take a public stand in a moment like this when the effects of the global economic crisis start to be felt in Romaniaproblems raised by businessmen relate to fiscal problems and various other laws I will continue to visit as many companies as I can until the new government will be assigned so I can offer an accurate and complete portfolio, comprising my opinions to make sure that the government's program is as pragmatic as it can be to support the economy I have identified three types of problems: 1. internal and external markets diminished due to a decrease in demands

2. financing production: even those companies that have orders have problems to finance the production

3. unskilled personnel: lack of proper qualification of people, which is a problem in all countries

the government needs to take up measures to capitalize banks in order to finance societies with a longer production cycleas long as companies have contracts, we need to support them to keep the work force and fulfill production requestsconcerning the Education sector: young employees are unable to adapt to the work sector the professional training schemes need to be adapted to the needs of the