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General data Romania

Official name:Romania (România)
Area:238 391 km2
Capital (and largest city):Bucharest
Population:21,9 Mio.
Urbanization:57%
Literacy rate, adult total:98% (% of people ages 15 and above)
Currency:Romanian (New) Lei - 1 EUR = 4.29081 RON (as of September, 2011)
Boundaries:Bulgaria, Hungary, Moldova, Serbia, Ukraine
Main towns:
(inhabitants)
RO_Largest cities
Membership:Joined NATO in 2004 and the EU in 2007
Natural resources:petroleum (reserves declining), timber, natural gas, coal, iron ore, salt, arable land


Economic Profile Romania

GDP:121,9 billion EUR (2010)
Average salary:446 EUR per month (2010)
Taxes:flat tax of 16%
GDP composition:RO_GPD-Composition
Top export products:RO_Top-Exports
Top export partners:RO_Export-partners
Doing Business 2011:Rank: 56, Change in Rank: -2


Romania’s macroeconomic development

Find out more information about Romania’s macroeconomic development. Please download the PDF file Romania’s macroeconomic development (PDF document 0.29 MB) and find more reasons why to invest in Romania.


Why to invest in Romania

Romania


România



Did you know… ?


… the Romanian currency “leu” is only one of 3 “Plastic Moneys” in the world – the banknotes being made out of polymer (as only in Australia and New Zealand).


4 good reasons to

invest in Romania


Through Danube to Black Sea: Situated at the crossroads between the EU, the Balkans and CIS countries (former Soviet Republics), Romania sees the conjunction of three important pan-European transportation corridors: the corridor linking Western and Eastern Europe, the corridor connecting Northern and Southern Europe and not least the Danube River, facilitating inland water transportation and connecting the Romanian Port of Constanta (the biggest Port on the Black Sea) to Northern Europe, through the Rhine river.

Domestic dominance: Romania disposes of an important market with a steadily increasing domestic purchasing power. With more than 21 million inhabitants it is the 7th largest EU market by population.

Labor force: Romania offers skilled labor force with solid knowledge of foreign languages, technology, IT and engineering at competitive prices. At the moment the country is solving the problem of migration of well-educated workers who move to other countries in search of higher earnings.
Romania has also set strategic objectives for 2007-2013, to improve the educational system of the population, minimize the unemployment rate, increase the numbers of highly skilled specialists, improve the country’s productivity and competitiveness.

Strong recovery: Expected GPD growth in 2011, low level of unemployment, low government gross dept and increased exports are all signs of the fact that Romania shows positive development after the recession of 2009-2010. After receiving the multilateral loan package, Romania started to implement an adjustment program which includes structural reforms to restore the stability on financial markets and ensure long-term sustainability of public finances. Romania also participates in other numerous programs with the goal to support foreign investment, investment in R&D, implement social reforms and increase economic competitiveness.