4.1.1 Romania's Policy

The Romanian Government seeks to face the challenges imposed by EU-Accession and the need for a further catch-up in several programs. A broad outline is developed in the general “Strategie de post-aderare 2007 – 2013” (Guvernul României 2006 / Romanian Government 2006).

Policies in the Framework of the European Union

More flesh on the bones is put in the more tangible development plans of some Ministries (such as the “Programul Național de Dezvoltare Rurală” of the Ministry for Agriculture and Rural Development or in particular Ministerul Transporturilor, Construcțiilor și Turismului 2008) or the “Programul Național de Reforme” (Guvernul României 2007 c and 2007 d / Romanian Government 2007 c and 2007 d), which faces the additional challenges posed by the Lisbon Agenda.

The monumental “Planul Național de Dezvoltare 2007 – 2013” (Guvernul României 2005 / Romanian Government 2005) targets at shifting virtually all economic, public and social sectors towards EU-standards within the framework of the European Cohesion Policy and identifies the main areas of concern as identified by Romanian officials. As six priorities of immediate importance are identified an increase of economic competitiveness and a shift to a knowledge based economy, development and modernization of the transport infrastructure, environment protection, enhancement of the human capital and strengthening of administrative capacities. Rural development and finally the reduction of regional disparities in Romania (ibid: 5).

Dialoge with the European Union

These priorities, especially with regard to human capital and infrastructure (Guvernul României 2007 a: 9 and Guvernul României b: 8 / Romanian Government 2007 a:9 and b:8 ) are reflected in the annual updated “Convergence Programs” which are required within the framework of the Stability and Growth Pact (SGP) and the coordination of economic policies focus on nominal convergence.

Though nominal convergence is not a concern of this paper these programs include also current economic analysis and reform attempts and reflect the budgetary conflict between the achievement of nominal convergence and the investment requirements in favor of real convergence. The convergence programs are assessed on behalf of the European Commission, which contain further recommendations; again mainly with regard to nominal convergence as stipulated by the Stability and Growth Pact and few explicit recommendations of how to solve that conflict of objectives.

Academic Research paper and Study of the Economy of Romania and Romanian Business

Up to now, Romania handed two such Convergence Programs in (Guvernul României 2007 a and 2007 b/ Romanian Government 2007 a and b) and both were assessed on behalf the European Commission (EC 2007 d and EC 200 a). The documents yield quite consistent the impression that main objectives are modernization and enhancement of the Romanian stock of infrastructure and human capital, even to the price of public spending being higher than appreciated in Brussels, though a prudent and predictable budget execution is explicitly envisaged. Further objectives are administrative reforms and rather in line with EU-suggestions.