1 / 8

The Economy of Romania: Challenges and Opportunities on the Road to EU Integration

This presentation explores the historical context and economic dynamics of Romania, focusing on its transition from a self-sufficient communist regime under Ceaușescu to an EU candidate state. It highlights strengths such as export opportunities in textiles and metals, while addressing significant weaknesses including high corruption, poverty, and lagging economic restructuring. The presentation discusses recent political changes, prospects for financial aid from the EU, and the critical need for reforms as Romania strives for EU membership amidst ongoing challenges and threats to its economic stability.

nico
Télécharger la présentation

The Economy of Romania: Challenges and Opportunities on the Road to EU Integration

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FFA-English IPresentation of TopicsEconomy in RomaniaLecturer: Bernhard KammerTeacher: M. Breuner

  2. Map

  3. Historical background • under Ceaucescu self-sufficiency was major goal • exportation of food at the expense of domestic consumption to eliminate foreign debt • focus on heavy industry (oilfields, iron and steel works) •  shortage of food and consumer goods • transition from communism began in 1989

  4. Strengths • Romania is an EU-enlargement candidate • export commodities (1999): textile & footwear (26%), metals & metal products (15%), machinery & equipment (11%), minerals & fuels (6%) • export partners (1999): Italy (23%), Germany (18%), France (6%), Turkey (5%), US • financial allocation of EU-fonds: Rumania is the second biggest receiver (after Poland)

  5. Weaknesses • economic restructuring lagged behind most other countries in the region • corruption has worsened extremely • population below poverty line: 44.5% (2000) • inflation rate: 45.7% (2000) • unemployment rate: 11.5% (1999)

  6. Opportunities • new government elected in November 2000 promises to promote economic reform • negotiations over new IMF standby agreement began 2001 • many projects based on EU-funds start in 2002

  7. Threats • EU ranks Romania last among enlargement candidates • EBRD rates Romania's transition progress the region‘s worst • no ability to borrow from public or private sources •  dependence on external money

  8. Conclusion • great problems to stop corruption • people rely too much on EU help • road to the EU-enlargement will be very long

More Related