Romania | Institute of Central Europe

Baltic Team

IEŚ Commentaries 1175

Marlena Gołębiowska - Baltic Team

Poland, Slovakia, Hungary, and Romania under the excessive deficit procedure

After the pandemic-related loosening of fiscal rules – in the new framework following the reform – the EU’s excessive deficit procedure is returning. On 26 July 2024, the Council of the European Union decided to initiate it against seven member states, including three from Central Europe: Poland, Slovakia, and Hungary. This is the result of failing to meet the deficit...

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Baltic Team

IEŚ Commentaries 1164

Michał Paszkowski - Baltic Team

Romania: ambitious plans for natural gas exports

Romania, through the implementation of the Neptune Deep project, has the opportunity to become the largest producer of natural gas among the countries of the European Union. The development of the Domino and Pelican South fields could be an essential element in strengthening the energy security not only of Romania but also of Central European countries. The increased availability...

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Baltic Team

IEŚ Commentaries 1000

Michał Paszkowski - Baltic Team

Impact of Russian-Ukrainian war on crude oil supplies to Bulgaria and Romania

The Russian-Ukrainian war has reoriented the refining sector in the Central European region, including Bulgaria and Romania. The crude oil processing plants operating in these countries had for years imported a large amount of crude oil from the Russian Federation. The change in international conditions has contributed to the activation of efforts to diversify crude oil supply...

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Eastern Team

IEŚ Commentaries 987

Piotr Oleksy - Eastern Team

Romania strengthens cooperation with Ukraine

Romania and Ukraine have reached a level of mutual understanding hitherto unknown. The countries have managed to arrange relations on the most sensitive issues such as the problem of agricultural imports and the rights of national minorities. This provides the basis for the development of a stable security architecture in this part of the Black Sea region. The effect of the...

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Baltic Team

IEŚ Commentaries 939

Bartosz Jóźwik - Baltic Team

Public Finance Sector Stability in Central European Countries (Part 2)

In 2022, among eleven Central European countries, five of them had budget deficits that exceeded the agreed limit of 3% of GDP. According to the latest data from Eurostat, the highest budget deficits, and consequently, the greatest challenges for the stability of the public finance sector, were recorded in Hungary and Romania. Hungary, thanks to its expansive fiscal policy,...

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Visegrad Team

IEŚ Commentaries 348

Agata Tatarenko - Visegrad Team

Romania: 30 years of demographic decline

Romania is struggling with a demographic decline that has been going on for many years. Eurostat research shows that Romanians are among the youngest in Europe when they have their first child. However, this does not affect significantly the number of babies born each year. The reason for the difficult demographic situation in Romania is mass emigration, mainly to Western...

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