Romania Vacation Trips
Trip Holidays Romania offers travel tips and information for top travel places and best destinations. We feature links, resources and large selection of budget airlines, chartered planes, sea cruises, ferries, travel agencies, land transports and attractions including beaches, medical tourism, retirement homes, historical and pilgrimage tours.
With a GDP of around $264 billion and a GDP per capita (PPP) of $12,285 estimated for 2008, Romania is an upper-middle income country economy and has been part of the European Union since January 1, 2007. After the Communist regime was overthrown in late 1989, the country experienced a decade of economic instability and decline, led in part by an obsolete industrial base and a lack of structural reform. From 2000 onwards, however, the Romanian economy was transformed into one of relative macroeconomic stability, characterised by high growth, low unemployment and declining inflation. In 2006, according to the Romanian Statistics Office, GDP growth in real terms was recorded at 7.7%, one of the highest rates in Europe. Growth dampened to 6.1% in 2007, but was expected to exceed 8% in 2008 because of a high production forecast in agriculture (30-50% higher than in 2007). The GDP grew by 8.9% in the first nine months of 2008, but growth fell to 2.9% in the fourth quarter and stood at 7.1% for the whole 2008 because of the financial crisis. Unemployment in Romania was at 3.9% in September 2007, which is very low compared to other middle-sized or large European countries such as Poland, France, Germany and Spain. Foreign debt is also comparatively low, at 20.3% of GDP. Exports have increased substantially in the past few years, with a 25% year-on-year rise in exports in the first quarter of 2006. Romania's main exports are clothing and textiles, industrial machinery, electrical and electronic equipment, metallurgic products, raw materials, cars, military equipment, software, pharmaceuticals, fine chemicals, and agricultural products (fruits, vegetables, and flowers). Trade is mostly centred on the member states of the European Union, with Germany and Italy being the country's single largest trading partners. The country, however, maintains a large trade deficit, which increased sharply during 2007 by 50%, to €15 billon.
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Romania Travel Destination
Bucharest Romania - Brasov Romania - Caras Romania - Cluj- Napoca Romania - Constanta Romania
Craiova Romania - Galati Romania - Iasi Romania - Prahova Romania - Satu Mare Romania
Sibiu Romania - Suceava Romania - Timis Romania
Romania Travel Informations and Romania Travel Guide
History of Romania: Prehistory and Antiquity - Middle Ages - Independence and Monarchy
World Wars & Greater Romania - Romania Communism - Present-Day Democracy
Romania Etymology - Romania Geography - Environment of Romania - Romania Climate - Sports in Romania
Religion in Romania - Romania Largest Cities - Education in Romania - Economy of Romania - Transportation in Romania
Tourism of Romania - Romania Culture - Romania Arts - Romania Monuments - Romania National Flag
Politics of Romania - Romania Administrative Divisions - Foreign Relations of Romania
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