Romania Travel Guide

Romania Hotels

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 Tourism

Romania Festival
Callatis Festival
George Enescu Festival
Golden Stag Festival
Sibiu Jazz Festival
Stufstock Festival

Unique Places in Romania
Berca Mud Volcanoes
Scarisoara Cave
Merry Cemetery
Palace of the Parliament
Transfagarasan Road

World Heritage Sites in Romania
Churches of Moldavia
Dacian Fortresses of the Orastie Mountains
Danube Delta
Historic Centre of Sighişoara
Monastery of Horezu
Villages with Fortified Churches in Transylvania
Wooden Churches of Maramureş

Romania Directory & Romania Travel Information

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


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.


Romania Economy

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.[citation needed] 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.

After a series of privatisations and reforms in the late 1990s and early 2000s, government intervention in the Romanian economy is somewhat lower than in other European economies. In 2005, the government replaced Romania's progressive tax system with a flat tax of 16% for both personal income and corporate profit, resulting in the country having the lowest fiscal burden in the European Union, a factor which has contributed to the growth of the private sector. The economy is predominantly based on services, which account for 55% of GDP, even though industry and agriculture also have significant contributions, making up 35% and 10% of GDP, respectively. Additionally, 32% of the Romanian population is employed in agriculture and primary production, one of the highest rates in Europe. Since 2000, Romania has attracted increasing amounts of foreign investment, becoming the single largest investment destination in Southeastern and Central Europe. Foreign direct investment was valued at €8.3 billion in 2006. According to a 2006 World Bank report, Romania currently ranks 49th out of 175 economies in the ease of doing business, scoring higher than other countries in the region such as Hungary and the Czech Republic. Additionally, the same study judged it to be the world's second-fastest economic reformer in 2006. The average gross wage per month in Romania was 2023 lei in December 2008, equating to €470.22 (US$592.64) based on international exchange rates, and $1110.31 based on purchasing power parity.

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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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