Country Risk Summary: ROMANIA

July 2003
Emerging Europe Monitor: South East Europe Monitor;Jul2003, Vol. 10 Issue 7, p2
Country Report
Country Report
The political manoeuvring in advance of the presidential elections late in 2004 has already begun in Romania. Former president Emil Constantinescu has announced that he will contest the position providing he gains the support of his Popular Action party. Mayor of Brasov, loan Ghise, has also thrown his hat into the ring for the contest, which will take place when incumbent Ion Iliescu steps down having already served two terms. Statistics Office figures show that the economy grew by a real 4.4% year-on-year in the first quarter of 2003 thanks to growth in the construction sector of 5.6% and in the service sector of 3.4%.


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