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European Commission, 2014, “Network Industries – Transport,” under “Key Areas: Comparing Member States’ Performances,” at http://ec.europa.eu/europe2020/making-it-happen/key-areas/indexen.htm.
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World Bank, 2013, “Romania: Reviving Romania’s Growth and Convergence Challenges and Opportunities,” A Country Economic Memorandum, Washington, DC.
Prepared by Vahram Stepanyan and Georgia Babici.
Only central government SOEs are included in program conditionality under the 2013 Stand-By Arrangement (SBA).
The analysis is based on the Romanian tax authority (ANAF) and Fiscal Council databases that contain information from unaudited financial statements. It excludes central government-owned SOEs under liquidation.