Romania eyes functional market economy status
Romania has made significant progress since last year and should be able to get the functional market economy status from the European Union, PM advisor Giovanni Ravasio said. Ravasio admitted to certain delays in reforms, which had been presented to the authorities in Brussels, together with the achieved progress
Romania has made significant progress since last year and should be able to get the functional market economy status from the European Union, PM advisor Giovanni Ravasio said. Ravasio admitted to certain delays in reforms, which had been presented to the authorities in Brussels, together with the achieved progress. The authorities in Bucharest will draft a new report for the European Commission in September. According to the Premier’s advisor, until the European Union completes its evaluation, there is still time for cutting down arrears and moving ahead with the privatisation process for BCR (Romanian Commercial Bank) and SNP Petrom (National Oil Company). ZF
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