Romania should accelerate its anti-corruption and judicial reform efforts, strengthen predictability for investors in the renewables sector and address the high level of non-performing loans (NPLs) in the banking sector, the European bank for Reconstruction and Development commented in its latest Transition Report.
The Bank admits that Romania has marked a certain progress since the past report but major problems have to be addressed and the challenges remain high.
Romania indeed has exited the EC excessive deficit procedure. Structural reforms progress remains, however, mixed. While the country marked a visible progress in structural reforms in the energy sector -- is also failed in the privatisation of two key companies – railway cargo company CFR Marfa and chemical plant Oltchim. Finally, important reforms have been enacted to strengthen the financial sector's stability.
But problems ahead for the government in Bucharest seem rather complex and requiring even more commitment:
Non-performing loans (NPLs) in central, eastern and south-eastern Europe (CESEE) fell to their lowest levels since the global financial crisis in 2024, but early indicators suggest rising risks ... more
The European Commission has approved Romania’s planned €200mn capital increase for state-owned CEC Bank, allowing the country to proceed with strengthening the lender’s financial position, ... more
Addiko Bank, an Austrian financial institution specialising in the consumer and SME sector operating in Central and South-Eastern Europe (CSE), is preparing to launch operations in Romania with the ... more