Romania: Recent Economic Developments
Summary:
This paper reviews economic developments in Romania during 1990–97. Reforms have been relatively slow since the beginning of the transition process. Except for a brief and inconsequential interlude in 1993, comprehensive programs for privatization and for restructuring or liquidation of loss-making enterprises were not launched until 1995. These programs have done little to improve governance so far. As of end-1996, the economy was still largely characterized by state ownership and control; by fixed prices and quantitative constraints; and by ailing enterprises and subsidization of losses.
Series:
Country Report No. 1997/046
Subject:
Agricultural sector Banking Credit Currencies Economic sectors Exports Foreign exchange International trade Money
English
Publication Date:
July 16, 1997
ISBN/ISSN:
9781451832686/1934-7685
Stock No:
1ROMEA0011997
Pages:
143
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