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    Iasi: Alexandru Ioan Cuza University of Iasi, Centre for European Studies
    Publication Date: 2019-06-20
    Description: The first EU Alert Mechanism Report demonstrates the vulnerable macroeconomic external position of Romania, the current Romanian’s balance of payments reflecting a severe need of financing and capitalization. On the other hand, the 2007-2013 programming period potentially provided a significant amount of EU money for investments (around 29 billion euro) through Structural Funds. However, five years after the beginning of the current financial framework, the level of absorption remains extremely low. The paper focuses on the main Romanian macroeconomic imbalances (the current account balance, international investment position) and on the most important sources for financing investments and development - the EU financial structural instruments: ERDF and Cohesion Fund.
    Keywords: F02 ; F36 ; F59 ; ddc:330 ; economic and financial crisis ; macroeconomic imbalances ; EU funds absorption ; balance of payment Romania
    Language: English
    Type: doc-type:article
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  • 2
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    Iasi: Alexandru Ioan Cuza University of Iasi, Centre for European Studies
    Publication Date: 2019-06-20
    Description: Recent changes in the security environment of Eastern Europe and the South Caucasus have been reshaping the strategies of the six small countries in the proximity of both the EU and Russia. Their attempts to take upon themselves their Soviet heritage and their sensitive geographical position were reflected by a mix of East-West orientations. Some of them chose to create stronger economic bonds with the EU members while others decided to anticipate Russian discontent in separatist areas they shelter and became members of the EEU. Regardless of their option, the Eastern Partnership members embarked? on a long road of political, social and economic changes, so that their stability and growth would become pillars of a stronger role on the regional and international arena in the future. The EU, in turn, has been supporting its partners to the East according to their level of commitment to reform and approximation, although the economic benefits of this relation are imperceptible.
    Keywords: D72 ; D74 ; F13 ; F15 ; F51 ; N44 ; ddc:330 ; Eastern Partnership ; Association Agreements ; frozen conflicts ; conditionality ; trade ; approximation
    Language: English
    Type: doc-type:article
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