- March 1, 2014: Vol. 8, Number 3

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Making up for lost time: Romania is making substantial progress but is still catching up

by Kateryna Arriaga Frias and Peter Barisic

Earlier this year, Romania was topping the news in many European countries — not because of the unstable economic situation in the country or because of the massive political power struggle between president Traian Basescu and prime minister Victor Ponta. The reason was the withdrawal from 1 January 2014 of restrictions on the absolute freedom of movement within the EU of Bulgarians and Romanians and fears in some western European countries of the arrival of a huge wave of economic migrants from the two countries. But what are the current economic conditions in Romania, the country by the Black Sea, and where will the majority of capital inflows be generated? In this article, bulwiengesa AG tries to answer these questions and also provides a brief outlook on the future development of the country.

Witnessing Romania’s recovery

As an agrarian-industrial country, Romani

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