By Abdul Karimkhanov

Copyright trend

BAKU, Azerbaijan, October 1. The EBRD’s Board
of Directors has approved a new Country Strategy for Romania, which
will guide the Bank’s investment and policy engagement in the
country during the next five years, Trend reports.

It will focus on private-sector competitiveness, economic
resilience and the green economy transition.

The Bank is a major investor in Romania and combines investments
with support for reforms that help improve the business environment
in the country and mobilise investment from other sources. To date,
the EBRD has invested more than €12 billion in the Romanian

Since joining the European Union in 2007, Romania has rapidly
closed its historical income gap with regional peers, with real
output per capita and labour productivity reaching close to 80 per
cent of the EU average. Despite a broader economic slowdown in
Europe following the Covid-19 pandemic and war on Ukraine,
Romania’s economy has proved resilient and contracted less than the
EU average.

The new EBRD strategy aims to help sustain Romania’s convergence
path while addressing its remaining structural vulnerabilities.

Between 2025 and 2030, the EBRD will focus on enhancing
private-sector competitiveness in Romania through innovation,
access to finance and good governance and on supporting the
country’s economic resilience and green economy transition.

Victoria Zinchuk, EBRD Director for Romania, said: “Our new
country strategy is an active response to Romania’s most pressing
economic issues. It provides a framework for targeted investments
and policy engagement that can help the country overcome its
immediate fiscal crisis and build a more sustainable and prosperous