1990 IMF EU

Transcription

1 GDP Treaty(2005) 4 2 Protocol(2005)

2 GDP (2000) 3 NBR(2004), pp Duenwald(2005), p.8. 5 (2000) 93 (2004) 162

3 GDP GDP GDP Romtelecom OTE EBRD , , EBRD IFC BCR CEC Eximbank CFR 1990 SOF APAPS APAPS AVAS 10 AVAS AVAS 6 (2000) 7 7 EBRD(2004), p EC(2003), p.39, EC(2005), p OECD(2005)

4 ARIS 30 Government Acquis Communautaire SDR SBA SDR SBA 2001 SBA GDP 0.5 GDP , , (OECD(2005), p.37) 12 (2000) 5 13 Press Release No.01/43 (October 31, 2001).

5 SBA GDP GDP GDP SBA Petrom 2007 Letter of Intent waiver Letter of Intent waiver Letter of Intent 1 14 Press Release No.01/43 (October 31, 2001). 15 Romania(2004).

6 Acquis Communautaire EC 2003 EC EC 16 EC(2003), p.35.

7 SBA 17 EC 2003 SBA EC 2004 EC EC EC 2004 EC ASPAS AVAS Petrom OMV EC(2003), p EC(2003), p.39.

8 GDP 3 OECD 2000 FDI EC(2004), p EC(2003), p EC(2003), pp OECD/OECD OECD (2005 )

9 EC Petrom Government 2005 Government EC(2004), p.44.

10 JCR

11 EC 2005 Acquis Communautaire EC

12

13 EMU A A 26 EC(2005)

14 14 52 Duenwald(2005): Christoph Duenwald, Nikolay Gueorguiev, and Andrea Schaechter, Too Much of a Good Thing? Credit Booms in Transition Economies: The Cases of Bulgaria, Romania, and Ukraine, Working Paper (WP/05/128), EBRD(2004): European Bank for Reconstruction and Development, Transition Report EC(2003): Commission of the European Union, 2003 Regular Report on Romania s Progress towards Accession, EC(2004): Commission of the European Union, 2004 Regular Report on Romania s Progress towards Accession, EC(2005): European Commission, Romania 2005 Comprehensive Monitoring Report, Government(2005): Government of Romania, Government Program Hunya(2005): Gabor Hunya, Romania: decelerating economic growth, widening deficits, the Vienna Institute for International Economic Studies, Monthly Report, 10/2005, pp NBR(2004): National Bank of Romania, Annual Report OECD(2005): Organisation for Economic Co-operation and Development, OECD Investment Policy Reviews Romania, Protocol(2005): Protocol concerning the Conditions and Arrangements for Admission of the Republic Bulgaria and Romania to the European Union ( treaty_of_ accession_2005/pdf/treaty/protocol/aa03_r3_protocol_en5.pdf). Romania(2004): Letter of Intent, Supplementary Memorandum on Economic and Financial Policies, and Technical Memorandum of Understanding, September 13, Treaty(2005): Treaty concerning the Accession of the Republic of Bulgaria and Romania to the European Union Treaty.en5.pdf. (2004): (2000): 90?

15 15 GDP 10 1 GDP(USD 1 GDP(USD at PPP) 1000 LFS 10 GDP 100 USD GDP FOB 100 USD CIF 100 USD 100 USD /USD /R (mil.r) (mil.r) (mil.r) ( ) ( ) WIIW, Countries in Transition 2004, Romanian National Instiute of Statistics, Monthly Statistical Bulletin, 12/2004 and its website.

16 16 52 ROMANIAN POLICY MIX AND ACCESSION TO THE MASAHIKO YOSHII Although economic policies in the Central and Eastern European countries (CEECs) were conducted in line with the shock therapy of the in the beginning of the 1990s, the economic recoveries and the CEECs aspirations to be members of the European Union () have made them to go out from the surveillance of the and to change their policy mix orientation towards the guidelines. Romania s diplomatic relations with the date from 1990, and a Trade and Co-operation Agreement was signed in 199l. The Europe Agreement was concluded in 1993, and Romania submitted its application for membership in Following the Helsinki European Council s decision, accession negotiations started on 15 February In December 2004, closure of the negotiations was announced, and the Accession was subsequently signed in Luxembourg on 25 April 2005, which would invite Romania to be a member of the on 1 January During this period, the European Commission monitored all aspects of Romanian policies, and directed them towards the framework of Copenhagen criteria and the Acquis Communautaire. This paper examines how the Romanian economic policies have been shaped by the European commission and the. It will show that the is still a mentor in the sphere of macroeconomic stabilization, and that other aspects of the Romanian economic policies have been guided by various indications from the European Commission. Also which indications the Government of Romania has not adopted will be shown. The Treaty ofaccession may enter into force on 1 January 2008, if Romania does not mak enough efforts. And even if Romaniaas well as Bulgaria can be member states of the, anothe process to be members of the European Monetary Union to adopt the RO will commence. Romania will have to continue further along a long and arduous road.