ABSTRACT. Heidhues et al. discuss the current depth and future development of rural finance in Romania in the context of Romania’s macroeconomic and agricultural transformation. Amblard and Colin state that, following the implementation of the land reform in the 1990s, land rentals have developed in Romania. Ciolos remarks that Romania’s accession increased the EU agricultural land area by about 14 million hectares of which about 65 per cent is arable land. Fraser and Stringer establish broad-brush hypotheses identifying some of the potential causes of vulnerability. (pp. 125– 129) JEL Classification: E20, Q13, R00