Correlations of Environmentromanian Economy Between Investment Needs and Opportunities

Ana Popa and Laura Giurca Vasilescu
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Ana Popa: University of Craiova, Romania
Laura Giurca Vasilescu: University of Craiova, Romania

Annals - Economy Series, 2011, vol. 1, 67-76

Abstract: Currently, the correlations between the naturally environment problems and the economic and social situation are the important part of the national policy for every country. As a starting point, a series of measurable targets – the Millennium Development Goals (MDG) from the United Nations – were established for monitoring progress. The first Romanian Millennium Development Goals Report established a set of eight development objectives and 21 related targets to monitor progress. In another point, integrated Europe underlines the fact that the environmental investment projects should be subscribed to the cohesion policy with a lot of objectives established by the Lisbon Strategy, from March 2000, underlying the territorial dimension. The sustainable development also needs the finding of financing solutions, adequate to the market economy mechanisms. Romania started the economic reform after 1990, but there are still many deficiencies in the achievement of the correlation between the social-economic developments, crisis and environmental sustainability. First of all, in Romania, the environmental sustainability must be integrated into core development work, for maximizing synergies. Secondly, it should be built as a portfolio of public and private projects for environment. Third, these projects need the financing funds and the good ability to access these funds.

Keywords: environmental sustainability; investments; financing; poverty; crisis; Romania (search for similar items in EconPapers)
Date: 2011
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