World Bank: Metropolitan development is central to Romania’s economic development

clujMetropolitan development is important for Romania’s growth. An analysis prepared by the World Bank for the Romanian Ministry of Regional Development and Public Administration (MRDPA) indicates that Romania’s eight largest metropolitan areas (Bucharest, Brasov, Cluj-Napoca, Constanta, Craiova, Iasi, Ploiesti and Timisoara) concentrate 50 percent of Romania’s population and generate 75 percent of firm revenues in the country.

Large metropolitan areas are critical for any economy. A report prepared by EuroStat shows that metropolitan areas in the EU generate around 70 percent of GDP, they register the fastest population growth rates, they generate a significant share of new jobs, and they concentrate a significant share of people with tertiary education, according to ActMedia.eu.

Metropolitan areas are the economic engines of a country, and if these engines do not work well, neither does the economy as a whole. Unfortunately, in Romania, these engines do not function properly, as highlighted in another World Bank analysis prepared for MRDPA. There are only a few cities that have a functional metropolitan public transport system (e.g. Alba Iulia, Cluj-Napoca), few cities that have prepared spatial plans for the metropolitan area (e.g. Brăila, Brasov, Craiova), and even fewer that have managed to implement projects at the metropolitan level (e.g. Constanta).

 

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