A EUROPEAN PERSPECTIVE OVER ROMANIA’S ECONOMIC INTEGRATION IN THE EU
A EUROPEAN PERSPECTIVE OVER ROMANIA’S ECONOMIC INTEGRATION IN THE EU

Summary/Abstract: The present economic climate is openly acknowledged as worsening in all EU countries of the region, cooling further in Central and Eastern Europe. Expectations for world trade in the close future indicate that on a worldwide scale export and import volume will strongly decline during the following year. The individual countries’ performances, both current and projected, are not uniform. Countries such as Bulgaria and Romania, registered a huge negative trade balance due to excessive consumer credits used for buying imported goods. Consumption grew instead of the investments.

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