European Integration and the Transition of Eastern European States. The New Central Europe and Romania's Interest in Regional Cooperation in the Black Sea - Danube Region

<p>This short article presents the most important directions of the evolution of Central and Eastern Europe during the second half of the 20th century during the period marked by the coming into power and then the downfall of the communism. One could also note that the Central and Eastern European countries have undergone several political and economic transitions- and for Romania’s case- the burdening heritage of the austerity economic policy that has been implemented during the years will affect the economic development of the countries on the long term. The transition towards market economy was realized upon the political decision of political accession to the free market principle. The new beginning of the regional integration process made the countries in the Danube-Black Sea region, sign new agreements for political and economic cooperation. The emergence of new countries on European and Asian maps opens new opportunities for regional cooperation, especially for environmental issues, which brings new dimensions for the global process of European integration and of the integration of the regional economies into the global economies.