Romania, 2007 - first half 2008

by Michele Tempera

The European Union has officially accepted Bucharest as a member from January, 1st 2007. This historical event has contributed strongly to the positive economic trend experienced by the country in the last few years. Its GDP growth and the amount of foreign direct investments are higher than those of other countries of the area. Anyway Romania must still solve some structural, social and administrative problems. The beginning of 2008 has showed a substantial continuity with the previous year, and the trade deficit is rising due to imports of industrial machines and other investment goods.

Original title: Romania, analisi congiunturale 2007 - primo semestre 2008