A lack of transparency and stable regulations, as well as the constant need to renegotiate how government funds are allocated, has created a fire sale style of politics in Romania and much of the Balkans. This chaotic approach, while healthy for ruling parties and their political clientele, makes real local development impossible and prevents state-owned enterprises (SOEs) from competing under normal market conditions.
These are the main findings of a major new report published by Expert Forum (EFOR), a Bucharest-based think tank which promotes transparency and good governance in Romania and Moldova and much of the Western Balkans (Bulgaria, Croatia, Serbia).
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