Romania

Capital

Bucharest

Population

22 215 421

Official Languages

Romanian

Government

Republic

Head of State

President Traian BASESCU

Head of Government

Prime Minister Emil BOC

Export Destinations

Germany 16.3%, Italy 15.4%, France 7.3%, Turkey 6.5%

Import Sources

Germany 16.1%, Italy 11.2%, Hungary 7.3%, Russia 5.9%

Country Brief Romania

(Last Updated Oct 2011)

The Romanian economy began to experience positive economic growth, which reached a high of 8.4% in 2004. It is the seventh largest market in Central and Eastern Europe, and has enjoyed relatively stable political and economic conditions. It is also centrally located, interlinked by three important transportation corridors., in addition to its own constantly improving infrastructure.

Huge Potential

Romania has begun the process of creating industrial and technological parks in order to reduce initial start-up costs. Benefits available include tax incentives, access to utilities and infrastructure, and potential local tax rebates. Romania hosts its own rich natural resources, while consumer and industrial demand for resources outside of the country continue to escalate.

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