On the Shores of the Black Sea: Will Romania's Economy Sink or Swim?

HISTORICAL AND REGIONAL CONTEXT | ECONOMIC STRUCTURE | EQUITY PERFORMANCE | IN SUMMARY

Romania, a country famed for its Olympic gymnasts, has often required its citizens, investors, and business community to perform some economic gymnastics of their own. After the hyperinflation crises that accompanied the transition to capitalism in the 1990s, Romanian equities vaulted upward between 2003 and 2007. However, those jumping into Romania’s stock market after mid-2007 may have felt as though they have had their own personal encounter with Vlad the Impaler, another famous Romanian.