Romania
Romania is located in Central Europe and, as a country, is focused on restructuring and privatizing large state-owned enterprises to ensure sustained economic growth. It is a medium sized country, at the crossroads of Central Europe, Eastern Europe and the Balkan states.
Romania offers investors the second largest market in Central Europe with almost 23 million domestic consumers and a skilled labor force, which is well trained in engineering and technology and available at competitive wage rates.
The state legislation in place contains several concrete provisions meant to offer foreign investors a wide range of possibilities for investment. Romania welcomes investment from overseas as it is regarded as a major element in the economic growth plan for the country.
Investment Promotion Agency:
Romanian Development Agency
7 Maghero Blvd
Bucharest
Romania
tel: +401 312 28 86
fax: +401 315 46 98
Bucharest
Bucharest is the capital and largest city in Romania with a population of around 2.5 million. It is the country’s chief industrial center and the siting of the main national university.
Macroeconomic Profile 2008
Romania looks worse. As in the Baltic countries, it has a big current account deficit, but it has predominantly been financed with foreign bank loans, which are now drying up, and its budget deficit of some 3 percent of GDP is excessive. So far, its salvation has been its floating exchange rate and an independent central bank that pursues a strict monetary policy, but Romania's growth will suffer.
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