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The environment for doing business has proven to be very difficult during the crisis, highlighting the need to push ahead with labour market and fiscal reforms and the removal of excessive licensing procedures.
Infrastructure development is a major priority for the country but further delays have occurred over the past year. The authorities need to increase technical and administrative capacities in the public sector in order to boost the absorption of available EU funds and increase financial resources for infrastructure projects.
The International Monetary Fund (IMF) stand-by arrangement (SBA) includes a commitment by the government to implement a stringent fiscal consolidation programme, including significant reductions in current spending. Although these measures may depress domestic demand in the short term, they are necessary to create the conditions for a return to sustainable growth.
More developments and challenges
|
No. of projects |
305 |
|---|---|
|
Net business volume |
€5.4 billion |
|
Total project value |
€14.9 billion |
|
Gross disbursements |
€4.3 billion |
|
Portfolio in private sector |
75% |

The private enterprise sector, the energy sector and infrastructure are the focus of the EBRD’s activities in Romania.
The Bank will provide support to the local private sector, with a special focus on competitiveness and expansion throughout Romania and cross-border. Particular attention will be paid to the development of businesses in less advanced regions of the country.
Metropolis Center
56-60, Iancu de Hunedoara Bd., 3rd floor, West Wing
Sector 1, Bucharest
Romania
Tel: +40 21 202 7100
Fax: +40 21 202 7110

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