ANALYSIS-Graft, red tape hinder catch up for poorest EU states

Newswire

* Bulgaria, Romania lag central Europe in recovery * Rampant graft and bureaucracy delay catch up * Investment in industries needed to spur growth By Tsvetelia Tsolova SOFIA, Feb 23 (Reuters) - The economies of the EU's two newest members, Bulgaria and Romania, have yet to reap the rewards of membership and will lag far behind even their central European neighbours for years to come. The Balkan economies, which joined the European Union four years ago, grew rapidly until 2008 but ...

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