We want the story of Romania to be the story of a dynamic, vibrant and innovative country, says Matteo Patrone, Director for Romania and Regional Head Romania and Bulgaria at the European Bank for Reconstruction and Development (EBRD). He spoke to Andrew Wrobel about the country’s greatest challenges. Continue reading The Goal for Romania — the Positives Outweigh the Negatives
Romania has transformed itself tremendously in the last 25 years, overcoming enormous challenges, says Elisabetta Capannelli, Country Manager for Romania and Hungary at the World Bank. She spoke to Andrew Wrobel about the country’s potential and challenges it is facing. Continue reading Romania’s European Values Changing Public Misinformed Opinions
In Central Europe and the Baltics growth will pick up on the back of the investment recovery which is linked to a better absorption of EU funds, Artur Radziwiłł, Director for Country Strategy and Policy, European Bank for Reconstruction and Development (EBRD), tells Emerging Europe.
In the first quarter of 2017, the value of transactions on the regulated market of the Bucharest Stock Exchange (BVB) climbed to a six-year high and reached €530 million while the number of transactions and traded volumes climbed to a seven-year high. Ludwik Sobolewski, CEO of the BVB, spoke to Andrew Wrobel, about the effects that could positively influence the country once it gains emerging market status, and the increased interest shown by private companies to be listed on the stock exchange.
For the economies of emerging Europe, the international economic environment appears generally positive. In 2017-2018, GDP growth in the Euro area is expected to hover at around 1.7 per cent. The international financial markets have stabilised and the current economic mood is improving. Because of the global recovery, the US Fed is expected to increase interest rates further in 2017, while oil prices are likely to rise. In the EU, disbursements from the payments’ cycle of the European Structural and Investment Funds are only just beginning, indicating higher co-financed investments in the Central and Eastern European EU member states (EU-CEE) from this year onwards.
On a clear night in July 1990, my plane descended toward Otopeni, the main international airport servicing Bucharest, the capital of Romania. I had read up a lot on the country and the city, before visiting my parents there, and working at the British Embassy, for the first time. “The Paris of the Balkans”, a country with a rich culture, “a Latin Island in Slavic sea”, were a just a few of descriptions I found. This Romania of 1990 was just emerging from 50 years of totalitarian dictatorship. Continue reading A Country of Beauty and Warmth That Will Reward Those Who Visit With an Open Mind
Seeing that Romania was going in the right direction, economically and socially, made me want to come back to the country after almost two decades of living and working in the UK, says Alexandru Petrescu, Romanian Minister for Business Environment, Commerce and Entrepreneurship. He spoke to Andrew Wrobel about the prospects for the economy and the changes the government is implementing. Continue reading Alexandru Petrescu: Romania Is Working to Solidify the Highest Growth Rate in Europe
Every morning, a gazelle wakes up. It knows it must out run the fastest lion or it will be killed. Every morning, a lion wakes up. It knows it must run faster than the slowest gazelle or it will starve. It doesn’t matter whether you’re the lion or a gazelle, when the sun comes up, you’d better be running. Continue reading Seven Reasons for Optimism in Romania
The European Union is going through some very hard times. The European Commission’s White Paper, which puts forward five scenarios on the Union’s future, is quite eloquent about the tremors that are undercutting its foundations. However, in order to make good policy judgements about the future one has to keep history in mind. The last decade was quite momentous for Romania and it does pay to glance back at it. Continue reading Romania Needs to Follow its EU Membership With Some Sweeping Reforms to Avoid Stagnation
In 2016, Romania’s economy achieved a GDP growth of 4.8 per cent, which was the fastest pace since 2007, and the highest mark in the EU. Continue reading Romania’s Economic Outlook Is Bright
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
It’s a Monday afternoon in a French brasserie in Knightsbridge. I am meeting Princess Marina Sturdza on the last day of her three week visit to London, before she flies back to New York. Continue reading Princess Marina Sturdza: Things Are Bound to Improve for Romania