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No longer the laggard

Romania is catching up with its eastern European neighbours in the attraction of foreign direct investment. Matei Paun reports on last year’s record performance and conditions that bode well for the future.
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Four years of economic growth, disinflation and economic reforms have finally started to pay dividends for Romania. Any country that exhibits such characteristics is likely to make investors pay attention, particularly if that country is also about to become a member of the EU.

Romania has long been a laggard in terms of foreign investment, silently suffering as its richer, more reform-minded neighbours grabbed the bulk of foreign direct investment (FDI) throughout the past decade. 2004 marks a turning point in this regard.

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