Analysis 16 Jun 16

Romania’s Economic Recovery Comes at a Cost

It is forecast to have one of the fastest-growing economies in Europe this year - but underlying weaknesses continue, and the average Romanian has yet to see real benefits.

Marian Chiriac
BIRN
Bucharest

Ask Simona Bogdan about the end of the economic crisis in Romania and she rolls her eyes. The 39-year-old inspector in a Bucharest-based government body tries to see the glass at least half-full.

”My salary recently rose by around 10 per cent. That was the only good news for me in recent years. Otherwise, there is no clear sign that life is improving, despite the official data showing that the country is fully recovering,” Bogdan says.

Many Romanians agree with her, saying that even if the period of austerity and painful reforms has come to an end, the public has yet to see real results.

Six years ago, crisis-hit Romania adopted many austerity measures aimed at tackling the country’s financial crisis.

Subscribe to Balkan Insight Premium to read the full article.

Please login to your account below if you are already a Premium Subscriber.

Buy Premium Subscription

Our Premium Service gives you full access to all content published on BalkanInsight.com, including analyses, investigations, comments, interviews and more. Choose your subscription today and get unparalleled in-depth coverage of the Western Balkans.

Buy Premium Subscription

If you have trouble logging in or any other questions regarding you account, please contact us

Talk about it!

blog comments powered by Disqus

Premium Selection

challenges-facing-serbia-in-2018-12-23-2017
23 Jan 18

Challenges Facing Serbia in 2018

In the coming year, Serbia is expected to not only complete difficult negotiations with Kosovo but also hold heated Belgrade elections and implement overdue constitutional reforms.

unsafe-haven-life-and-death-for-lgbt-refugees-12-14-2017
23 Jan 18

Unsafe Haven: Life and Death for LGBT Refugees

Shunned, abused, murdered. For many LGBT asylum seekers in Turkey and Greece, every day is a struggle for survival.

18 Jan 18

Murder Puts Serbia-Kosovo Dialogue in Doubt

17 Jan 18

How Rich Are the Balkans’ Top Politicians?