| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2015) 272 final (13.5.15) |
| Publication Date | 13/05/2015 |
| Content Type | Policy-making |
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On 8 July 2014, the Council adopted a recommendation on Romania’s National Reform Programme for 2014 and delivered its opinion on Romania’s updated Convergence Programme for 2014. On 28 November 2014, the Commission adopted the Annual Growth Survey, marking the start of the 2015 European Semester of economic policy coordination. On the same day, on the basis of Regulation (EU) No 1176/2011, the Commission adopted the Alert Mechanism Report, in which it identified Romania as one of the Member States for which an in-depth review would be carried out. On 26 February 2015, the Commission published its 2015 country report for Romania. This assessed Romania’s progress in addressing the country-specific recommendations adopted on 8 July 2014. The country report also includes the results of the in-depth review. The Commission’s analysis leads it to conclude that Romania is experiencing macroeconomic imbalances, which require policy action and monitoring. In the three consecutive EU-IMF programmes, external and internal imbalances have been significantly reduced. However, risks from Romania’s relatively large negative net international investment position and a weak medium-term export capacity merit attention. External and internal vulnerabilities persist in the banking sector. On 30 April 2015, Romania submitted its 2015 National Reform Programme and its 2015 Convergence Programme. To take account of their interlinkages, the two programmes have been assessed at the same time. |
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| Source Link | Link to Main Source http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2015:272:FIN |
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| Countries / Regions | Romania |
