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EU Economy – Lessons Learned by a Newcomer: Romania Wednesday, 28 September 2011

EU Economy – Lessons Learned by a Newcomer: Romania Wednesday, 28 September 2011. Romanian economic developments in the European context London, September 28, 2011. Radu Şerban. Romania and UK – strategic partners. In July 2011 only 4.7 %. Minimum wages. Romania 268.

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EU Economy – Lessons Learned by a Newcomer: Romania Wednesday, 28 September 2011

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  1. EU Economy – Lessons Learned by a Newcomer: Romania Wednesday, 28 September 2011

  2. Romanian economic developments in the European context London, September 28, 2011 Radu Şerban

  3. Romania and UK – strategic partners

  4. In July 2011 only 4.7 %

  5. Minimum wages Romania 268

  6. Source: UNCTAD Report July 2011

  7. BP plans a new gas pipeline: SOUTH –EAST EUROPE PIPELINE, a possible alternative to Nabucco September 26, 2011

  8. If you want to find enthusiastic Europeans come to Bucharest! BBC4, 19 Sept. 2011

  9. EU Funds

  10. TOURISM – huge potential Most visited zones in Romania Bucovina Others Transylvania Bucharest Moldova CarpathianMountains Seaside Maramures

  11. Target: to meet criteria in 2015

  12. Exchange rate in Euro

  13. Annual rate of inflation – red line National Bank of Romania, estimates

  14. Current account balance % of GDP Including reinvested profit NCP prognosis

  15. Total Risk Index: credit trends, loan/deposit ratios, debt levels,` current account balances, exports, and FX reserves Romania, between Switzerland and Germany Source: UBS, December 2010

  16. FT July 5: Stefan Wagstyl

  17. Romania: National Reforms Program 2011 – 2013 (published April 2011) Main objectives: Major targets GDP growth 1.5% in 2011, EBRD: 1.9%; 3.8%/2012  Resuming the growth and creating new jobs Inflation 4.8 % in 2011 and ≤ 3 % next year C/A deficit -4.3% Budget deficit -3% in 2012 Sustainable public finances 30.8% Government debt/ GDP Qualitative elements: Protecting the vulnerable categories of population etc. A factor driven economy An innovation driven economy From To

  18. Romania and UK – strategic partners

  19. FT, Sept 15, 2011

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