Romania’s prudent macroeconomic management has enabled a quick recovery from the global financial crisis. Economic activity picked up in 2013 and is forecasted to reach around 2.8% in 2014, driven by the gradual improvement in the domestic demand, led by the private consumption, and by exports, mainly to the EU.
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Romania climbed 82 positions from fiscal year 2014, and is now on the 52nd place. This position makes the country one of the best performing countries in Central and Eastern Europe in terms of optimization of payment of fees and taxes.
The latest Doing Business report ranks Romania on the 48th place in terms of ease of doing business. Find out more about quantitative indicators on business regulations and the protection of property rights that can be compared across 189 economies over time.
According to World Bank research in Bulgaria, the Czech Republic, Romania and Serbia, investing in Roma inclusion to equalize opportunities in the labor market is expected to have significant economic and fiscal returns.
Romania has surmounted significant challenges on its path to EU membership. However, the Romanian economy has recently come under pressure due to the lack of reforms in employment and education, according to a World Bank report.
Efficient spatial planning can lead to better economic, social, and environmental outcomes. That’s the idea behind a World Bank Report, which argues that such planning can play a strategic role in driving development.