About Romania

Romania is a sovereign state located at the crossroads of Central, Eastern, and Southeastern Europe. It is a semi-presidential republic where executive functions are held by both government and the president.

Romania is now one of the fastest growing economies in the European. The largest local companies include Automobile Dacia, Ford Romania, Electrica, Romgaz, RCS & RDS and Banca Transilvania. Romania’s main exports are cars, software, clothing and textiles, industrial machinery, electrical and electronic equipment, metallurgic products, raw materials, military equipment, pharmaceuticals, fine chemicals, and agricultural products (fruits, vegetables, and flowers). Trade is mostly centered on the member states of the European Union, with Germany and Italy being the country’s largest trading partners.

Some quick facts about Romania:

  • Member of Nord Atlantic Treaty Organization (NATO) since 2004
  • Member of the European Union (EU) since 2007
  • Founding member of the World Trade Organization (WTO)
  • Population of almost 20 million inhabitants
  • Surface area of more than 238 square kilometers
  • Highest economic growth in EU between 2016-2018
  • Low unemployment rate: below 5%

Romania is famous for its beautiful landscapes and hence, tourism is a significant contributor to the Romanian economy. Romania was included in the Rough Guides’ top 10 countries to visit in 2016. Among the popular attractions, one could find the Black Sea resorts, the skiing resorts, the castles from Transylvania, painted churches from Moldavia, the wooden churches of Maramureș or the Danube Delta. Transylvania was designated as the number one region in the world to visit in 2016 by Lonely Planet.

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