The research group interviewed analysts in each country, and for Romania, they said that the lack of efficiency refers to both the extension and structure of such measures. Moreover, on a scale of 1 to 9, anti-crisis measures adopted by Romania received a score of 1.3, based on opinions expressed by 12 Romanian economists. The only country with a lower score in Europe was Latvia, where analysts gave anti-crisis measures the lowest mark, 1, which means insufficient measures to ease the effects of the crisis. At the global level, only Bolivia, Guatemala, and Venezuela obtained assessments lower than Romania.
The best score went to Norway, of 7.4 points. Only three states scored above 7, namely China, Australia, and Denmark. The United States, the world’s largest economy, was given a 5 by economists interviewed by CESifo. At the same time, in Central and Eastern Europe, the best performances were registered by the Czech Republic (6.3 points) and Lithuania (5 points), while Bulgaria scored 3.4 points. CESifo also analyzes the political factor and considers that political stability in Romania could worsen in the coming six months. Moreover, the political instability can worsen the business environment for foreign investors. There is one area in which Romania ranks better.
The CESifo analysis indicates that Romania is one of the countries with the fewest legal and administrative restrictions for foreign companies. In this area, Romania was given 7.3 points, surpassing countries such as France, Norway, Sweden, the Netherlands and the United States.
The research center also analyzed the exchange rates in these countries. The experts interviewed by the German center said that the U.S. dollar, the Japanese yen and the British pound are at stable values, while the euro in overvalued, especially in Eastern European countries, and particularly in Hungary, Latvia, and Romania.
