EU Accession: Romania & Bulgaria - Black Sea appeal

For Romania and Bulgaria, the EU accession process has been nothing short of tortuous: for many years, the two countries have watched as others have overtaken them in jockeying for position among the elite of Europe. Now the wait is over. As of January 1, Bulgaria and Romania gained membership to th...

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Bibliographic Details
Published in:Foreign Direct Investment 2007-02, p.1
Main Author: Priyan P Khakhar and Zaki Abushal
Format: Article
Language:English
Subjects:
Economic growth
EU membership
Foreign investment
Funding
GDP
Gross Domestic Product
Informal economy
International relations
Labor force
Public sector
Small & medium sized enterprises-SME
Tax rates
Wages & salaries
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Summary:For Romania and Bulgaria, the EU accession process has been nothing short of tortuous: for many years, the two countries have watched as others have overtaken them in jockeying for position among the elite of Europe. Now the wait is over. As of January 1, Bulgaria and Romania gained membership to the most sought-after of clubs. The exclusivity once associated with membership of the EU has lessened, but that is of little concern, considering the host of contemporaneous benefits awaiting the two Black Sea neighbours. The 10 countries that joined in the middle of 2004 have reaped substantial benefits. And those benefits were already visible across Romania's and Bulgaria's socio/economic landscapes long before the accession date.
ISSN:1476-301X
1476-301X