Romania: Investment Climate and Market Structure in the Energy Sector
Article from: OGEL 5 (2004), in The Energy Charter Treaty
Introduction
The Economic and Legal Environment of Romania, Like Those of Other Transition Economies, Is Constantly Adapting and Changing to the Dynamics of a Free Market. After a Temporary Slowdown of the Transition Process, Romania Has Made Impressive Progress Towards a Fullfunctioning Market Economy. the Privatisation Process Has Considerably Advanced, the Banking Sector Has Been Reformed, and the Energy Market Is Being Restructured. Romania Has Become an Attractive Location for Foreign Investors. However, the Reforms Have Not Yet Considerably Reduced the Unemployment Rate, Which Remains At 8,1% (As ...