After several years of perseverant implementation, the reform policies we have been pursuing have led to significant and identifiable results. Romania’s economy has continued to perform strongly, although growth is expected to moderate to 6 percent in 2007 on account of prolonged drought...

In transition, the Romanian authorities have advanced the development of prudent macroeconomics policies and implemented structural reforms in the market for goods, labor and financial products. On the long term, Romanian real convergence to the European model is more important than nominal...