Romania looks to EU membership

The lure of EU membership is encouraging Romania's recently elected government to tackle corruption and rationalize the currency and taxation regimes. If foreign investment is any indication, the reforms are working.

Boom belies narrow market

PRESIDENT TRAIAN BASESCU is getting annoyed about the constant lambasting his country gets as the most corrupt in Europe. He lashed out last month at a German politician who called for Romania’s EU bid to be frozen. “Any European politicians will be taken seriously only if he mentions the specific problem of corruption he means,” Basescu said. Romania has been little more than a kleptocracy for a long time, though it is starting to change.

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