Casualty of war

Article Abstract:

The Romanian economy was contracting in 1997 and 1998, and has been hit by the conflict in Yugoslavia in 1999. The conflict could hamper the progress of economic reform, which was already slow. Around 70% of Romanian bank loans are non-performing. Romania is seeking to reform by allowing foreigners to buy Romanian banks and plans a restructuring of steel and coal industries. Planned reforms are not always implemented in Romania, but there is little options but to reform the economy.

Economic aspects, War, War economy

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Romania starts to rebuild

Article Abstract:

Romania's economy has stagnated since Nicolae Ceausecus was deposed in 1989, but Pres Emil Constantinescu and Prime Minister Victor Ciorbea have instituted political and economic reforms that are beginning to show promise. The country is also seeking ties with NATO and the European Union.

International Monetary Fund, Economic development, International relations, Political reform, Romanian foreign relations, Constantinescu, Emil, Ciorbea, Victor

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A flicker of hope

Article Abstract:

Romania now seems to have a stronger government and the economy is growing, but it still has a long way to go before it will be able to join the European Union. Prime minister Adrian Nastase is pressing on with reforms, but faces huge challenges.

Nastase, Adrian

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