In Romania we focus on:
Promoting stability and expanding products in the financial sector. Given the continuing global economic and financial uncertainty, the stability of the financial sector is still at risk. Further development is also required in the areas of leasing and insurance and local capital markets.
Strengthening infrastructure through improved efficiency and greater private sector involvement. It is necessary to develop the national infrastructure sector, especially roads, and, where appropriate, to introduce private sector investment via concessions /PPPs and the privatisation of transport operators. In many infrastructure operations (water, waste, roads, rail, district heating, etc.) there is a need for improved operating efficiency and service levels, and less dependence on public subsidies and state financing.
Restructuring the power sector and increasing energy efficiency and sustainability. A large part of Romania’s energy sector is still state-owned and needs to be restructured and/or privatised to encourage investment and to promote efficiency. Despite improvements in recent years, Romania is still an energy-intensive economy and needs to make further progress in the transition to an efficient, low carbon economy.
The EBRD’s latest Romania strategy was adopted on 28 February 2012
Current EBRD forecast for Romania’s Real GDP Growth in 2015 2.8%
The economy rebounded strongly in 2013. With a GDP growth of 3.5 per cent, combined with low inflation and a strong fiscal performance, Romania was among the strongest performing countries in the European Union (EU) last year. However, growth in the first half of 2014 was lower than expected, largely due to a significant drop in investment.
Energy sector privatisation is advancing. The government has sold a large number of state-owned shares in major electricity and gas companies in the past year, but other privatisations are proving more difficult.
Non-performing loans (NPLs) in the banking sector remain significant. At around 18 per cent of total loans, the rate of NPLs is among the highest in the south-eastern European region. Action is now being taken to reduce them.