Romania underwent radical economic reforms in the 1990s that finally unlocked the process of growth, while firmly preparing the state for full European Union (EU) membership in 2007. This marked the fall of the totalitarian communist regime, setting the scene for stable and sustainable development for years to come.
This south-eastern country in the European region has attained and made irreversible progress on the millennium development goals, reinforced largely by the experience of EU accession and the programmatic and fiscal instruments made available to Romania via this political, social, and economic convergence. In the period between 2000 and 2008, Romania’s GDP grew from $40 billion to $204 billion (the highest ever). Since then, it has been fluctuating with a low of $164 billion in 2009 and a high of $199 billion.
MDG progress of Romania
According to the most recent report of MDG progress of Romania, the strategic objective of European integration has contributed considerably to the country’s attainment of most of the MDG targets. Furthermore, the element of modernisation instilled by the EU accession progress has allowed the country to move forward and assume targets that bear a higher value added for its own citizens. (more…)