The new government presented a new economic strategy, providing that economic reforms would be radically quickened, putting special attention to privatization and restructuring of enterprises. Loss-making firms were to be offered for sale without any restrictions or liquidated if they failed to attract investors. Since the appointment of the new government, Romania achieved many political and economic successes. This is mainly because of the very low level of Foreign Direct Investment, which means that foreign investors still don't trust Romanian economy, mainly because of bureaucratic obstacles. Since publishing a new Privatization Program in February 1997, only little part of it has been actually realized.
Many economists claim that economic reforms in Romania still lack consequence.
Inflation and unemployment are still very high, poverty is still prevalent. Privatization process itself should be quickened too. In all, many problems are still to be solved, and no one should expect that they will be solved quickly. Conclusions Several conclusions can be drawn from the effects brought about by the process of economic reforms in Romania in recent years. Firstly, it is obvious that initial conditions before starting economic reform are crucial to its speed and quality.