The Saving Process in Romania

Even if during crisis the internal saving process should be low as far as investment needs are concerned, in Romania this has been contradicted. The evolution of the banking saving process of both the population and the legal persons has become positive again lately after the 2009-2010 contraction. This positive evolution was firstly possible due to the attractive level of the interest rates offered by the banks for the deposits in the national currency and secondly due to the relative amelioration of the dynamics of the labor income. The economic policy should encourage both the public and the private internal saving process including the system of tax-deductibillity as well. This is especially necessary under the circumstances of the following period when the financial capital will be more and more expensive due to the fianancial crisis generated by overindebtedness and demography.