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Country data

Population:
21.5 million
Area:
238,000 sq km
Capital:
Bucharest
Currency:
Romanian leu

Key developments and challenges

  • Romania has exited the European Commission’s Excessive Deficit Procedure. The Commission recognised that Romania had brought its deficit down below the 3 per cent of GDP benchmark under the Maastricht criteria, and had demonstrated strong fiscal resolve since the fiscal slippage induced by the 2008-09 financial crisis.
  • Limited progress has been achieved on the privatisation front. While energy sector privatisation has advanced, in parallel with substantial progress on electricity and gas price liberalisation, the flagship sale of the freight railway operator, CFR Marfa, failed and efforts to sell a major chemical company have been unsuccessful.
  • Important reforms have been enacted to strengthen financial sector stability. This includes strengthening banking supervision, improving the legal framework for financing micro, small and medium-sized enterprises (MSMEs), and adding additional checks on foreign exchange-denominated lending.

Romania in the 2013 Transition Report

Woman on Romanian street

Our work in Romania

In Romania we focus on the private sector, energy efficiency, infrastructure and stabilization of the banking sector.

Romania

Key facts about the EBRD's work in Romania

No. of projects

359

Net EBRD investment

€6.7 billion

Gross disbursements

€5.5 billion

Portfolio in private sector

67%

 

Last updated 31 March 2014

View factsheet


Our strategy in Romania

Through its activity in Romania in the coming years, the EBRD will develop projects that will assist Romania in maintaining stability in the financial sector, to support further growth of Romanian enterprises and small and medium-sized enterprises (SMEs). The Bank will support Romania’s transition to a low-carbon economy and enhance its energy efficiency and security and will promote commercialisation, competition and private sector involvement in infrastructure.

Read strategy

CONTACTS

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