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Article: Preparing Romania's accession to the European Union.
- Article from:
- European Business Journal
- Article date:
- September 22, 1996
- Author:
CopyrightCOPYRIGHT 1996 Whurr Publishers Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Secretary of State for European Integration sets out to show that statements made in Romania and abroad to the effect that Romania's prospects for European integration are weaker than those of other Central European countries seriously under estimate the radical reforms which Romania is putting through to create an open competitive market economy and to assume the obligations of membership. The growth rate in 1995 was the highest of the countries in the area. Privatisation, non-existence before independence, now contributes 45% to GDP. In 1996, the privatisation programme will open up 4,000 companies to foreign capital. Alongside the legislative preparations for ...
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