Vol. 26, No. 4 (Winter
Filip R. Ghitescu and Mihai Banciu
At this point, a
Romanian company has far more incentives to activate in the
shadow economy than it has to operate legally and legitimately.
Economic crime is directly related to the lack of economic reforms,
the slow pace of privatization, and the weak legal framework.
Economic crime in Romania is characterized by the emergence
of organized criminal gangs. These are connections within this
community that have important impacts on money laundering, terrorist
activities and counterfeiting.