Romania

Romania: Revised Plan 2011 (MAARO00111)

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Executive Summary

Romania joined the European Union (EU) in 2007, following the completion of the negotiations in 2004 and the signing of the Accession Treaty in 2005. Becoming an EU member constituted a solid external anchor for the country in its ongoing transition process. Nevertheless, its accession and adoption of EU standards is neither the beginning nor the end of the integration process. The reform agenda has remained important and structural adjustment needs to continue to ensure sustained real and nominal convergence with the EU.