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Country data

21.5 million
238,000 sq km
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.


Key facts about the EBRD's work in Romania

No. of projects


Net EBRD investment

€6.7 billion

Gross disbursements

€5.6 billion

Portfolio in private sector



Last updated 30 June 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


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