Romania: Country Recommendations 2016

 

In February 2016, the Commission published the country report for Romania, analysing its economic and social policies. The country report include in-depth reviews examining the existence and nature of possible macroeconomic imbalances.

On May 18th 2016,  based on the analysis presented in the country report and the dialogue held with Member State, the European Commission published its specific recommendations, for the next 12 to 18 months, for Romania. They are  tailored policy guidance to Romania, being one of the key products under the European Semester.

The four Recommendations are the following:

1. Limit the deviation from the medium-term budgetary objective in 2016 and achieve an annual fiscal adjustment of 0.5 % of GDP in 2017 unless the medium-term budgetary objective is respected with a lower effort. Ensure the application of the fiscal framework and strengthen further tax compliance and collection. Ensure that legislative initiatives do not undermine legal certainty and do not put at risk financial stability. If necessary, adopt measures that mitigate such risks.

2. Strengthen the National Employment Agency’s services to employers and jobseekers, in particular by tailoring services to jobseeker profiles, better linking them with social services and reaching out to unregistered young people. Establish, in consultation with social partners, objective criteria for setting the minimum wage. Take action to prevent early school leaving and increase the provision of quality education, in particular among Roma. Adopt the equalisation of the pension age for men and women.

3. Curb informal payments in the healthcare system and increase the availability of outpatient care. Strengthen the independence and transparency of human resources management in the public administration. Simplify administrative procedures for business and the public. Strengthen corporate governance of state-owned enterprises.

4. Improve access to integrated public services, extend basic infrastructure and foster economic diversification, in particular in rural areas. Adopt and implement the transport master plan. Strengthen public investment project prioritisation and preparation.

For the information and the other relevant documents see here.