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Welcome
to our Hotel Network!
Your non stop hotel reservation guide for Hotels in
Romania. We
searched multiple suppliers for the best Room Rate available. Often
GDS (Global Distribution System) suppliers have different room rates, due
to the fact that they individually buy blocks of rooms from hotel chains.
Check
first our Last Minute &
Hot Deals where we put a Montly update of all known LAST MINUTES! of
all Hotel Reservation Suppliers. This to get & let you informed about
all known Discounted deals in Europe!!!
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Soviet
occupation following World War II led to the formation of a Communist
"peoples republic" in 1947 and the abdication of the king. The
decades-long rule of dictator Nicolae CEAUSESCU and his Securitate police
state became increasingly oppressive and draconian through the 1980s.
CEAUSESCU was overthrown and executed in late 1989. Former communists
dominated the government until 1996 when they were swept from power by a
fractious coalition of center-right parties. Currently, the Party of Social
Democracy forms a nominally minority government, which governs with the
support of the opposition Democratic Union of Hungarians in Romania. Much
economic restructuring remains to be carried out before Romania can achieve
its hope of joining the EU.
Romania,
one of the poorest countries of Central and Eastern Europe, began the
transition from Communism in 1989 with a largely obsolete industrial base
and a pattern of output unsuited to the country's needs. Over the past
decade economic restructuring has lagged behind most other countries in the
region. Consequently, living standards have continued to fall - real wages
are down perhaps 40%. The country emerged in 2000 from a punishing
three-year recession thanks to strong demand in EU export markets, and
despite the global slowdown in 2001, strong domestic activity in
construction, agriculture, and consumption led to 4.8% growth. A standby
agreement with the IMF - covering the period October 2001 to March 2003 -
provides a key opportunity for vigorous privatization, regulatory reform,
deficit reduction, and the curbing of inflation. The government in the past
has not been able to fully implement IMF agreements; its degree of success
in this case will affect prospects for joining the EU.
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