Theoretical and Applied Economics
No. 3 / 2014 (592)
Evolutions and prospects in Romania’s economy
Bucharest University of Economic Studies, Romania
Miron DUMITRESCU
National Institute of Economic Research, Romanian Academy, Bucharest, Romania
Andrei Mihai CRISTEA
Hyperion University, Bucharest, Romania
Oana Camelia IACOB
Valahia University, Târgovişte, Romania
Abstract. As an EU member, Romania is firmly anchored in the global economy, making it sensitive to its developments, but also to its regression. The current period is still quite cloudy; Romania is still subject to major risks. As a result of deepening economic and financial crisis macroeconomic indicators have not had the sustained positive development. Romania’s GDP in 2009 declined from 7.3% to -7.1%, in 2010 the decrease was about 1.2%, as in 2011 and 2012 to record slightly positive developments of 2.5% and 0.3%. For 2013 it is expected an increase of 2% for Romania's GDP, while global economic growth is still quite slow. Since 2010 inflation rate is decreasing, going from 6.09% to 3.33% in 2012 and by the end of 2013 it should be around 3.4% according to the Economist Intelligence Unit. In 2010 the unemployment rate in Romania was at 7.3% reaching to 7% in 2012. We will try in this article to make a brief analysis of the current situation of Romania, but also to see what its prospects for development are.
Contents
Assessment modalities of the Master Plan for the Romanian tourism development 2007-2026
Frameworks for a sustainable development indicators system
Sustainability of public co-financing of investment projects with EU financial assistance in Romania
Time series analysis in loan management information systems
The impact of the image of the organization in terms of the online communication paradigm
Why liquidity interventions are they optimal in the case of Morocco for financial stability?
Global European economic model
Evolutions and prospects in Romania’s economy
Choosing the career path – An unemployment enhancer factor