It was on January 1, 2007, some fifty years after the creation of the European Economic Community, in the Treaty of Rome, that Romania officially became a full member of the European Union. The country’s road towards integration has lasted fourteen years after signing the Association Agreement, back in 1993. It has been a long journey, full of hurdles, in parallel with the process of modernising the country and of consolidating the rule of law in our young democracy. Continue reading Romania’s EU Membership Was Slow to Be Appreciated But Now the Tide Is Turning
In November 2016, the Romanian Ministry of Economy posted a preliminary draft of the energy sector 2016-2030 for public consultation, with a year 2050 perspective. It tackles all energy resources such as crude oil, natural gas, coal, biomass and energetic waste, and includes special sections for electricity. This is, therefore, the occasion for a review of the Romanian power sector and its evolution over the past 25 years. Continue reading After 25 Years of Restructuring, the Romanian Power Sector Is at a Crossroad
Romania is currently on a solid economic growth path. The steep fall of GDP encountered during between 2009 and 2010 has already been surpassed. The National Commission for Prognosis, in its recently published autumn forecast, estimated that for the next five years the economy will increase around 4 per cent per annum.