November 28, 2017
When in 2007 Romania joined the European Union (EU), it was one of the poorest and most corrupt nations in the union. Ten years later, Romania demonstrates the fastest economic growth in the EU (in 2016 GDP grew by 4.8 %), it is considered as the next tech-startup hub country, and its digital infrastructure makes it an attractive location for tech investments. Despite the growth in recent years, Romania is the second-worst in the EU for the risk of poverty and social exclusion. And while the government struggles to meet its budget collection target, corruption and mistrust in government impede economic development.