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Romania


 

The way we are seen

Romania is located in south-eastern central Europe, in the northern part of the Balkan Peninsula. Its neighbors are Bulgaria, Hungary, Serbia, Republic of Moldova, Ukraine and the Black Sea.

Area: 238,391 square km

Climate: temperate, continental

National Day: December 1

Official language: Romanian

Population: 21,698,000 (as of March 27, 2002)

Religions: Orthodox 87 per cent, Roman Catholics 5 per cent, Reformed 3.5 per cent, other 4.5 per cent

Government system: Constitutional Republic with a multi-party parliamentary system. Bicameral parliament.

Administrative division: 40 counties, 262 towns and 2,687 communes (with 13,285 villages)

Capital city: Bucharest, a municipality divided into six administrative sectors with a population of over 2 million inhabitants.

Harbors: Constanta, Mangalia and Sulina on the Black Sea and Tulcea, Galati, Braila, Giurgiu and Drobeta Turnu Severin on the Danube River.

International airports: Bucharest Otopeni and Bucharest Baneasa, Constanta, Suceava, Arad, Sibiu, Timisoara.

Free trade zones: Sulina, Constanta, Galati, Braila (located on Black Sea or Danube river)

International membership: UN; International Monetary Fund (IMF), The International Bank for Reconstruction and Development (IBRD/World Bank); International Finance Corporation (IFC); Multilateral Investment Guarantee Agency (MIGA); European Bank for Reconstruction and Development (EBRD); Bank for International Settlements (BIS); World Trade Organization (WTO); Central European Free Trade Agreement (CEFTA); European Union – associate member

Education: schools - 13,978; high schools - 1,295; Institutions of Higher Learning - 102; Universities - 485 (1996)

Health statistics: 18.1 doctors for 1,000 inhabitants (1996)

Agricultural area: (as of December 1996) arable land – 63.2 per cent; pastures – 22.9 per cent; hayfields – 10.1 per cent; vineyards and orchards: 3.8 per cent

Forests: 6.24 million hectares

Roads: 14,683 national roads (including European highways and roads); 58,477 country and communal roads

Currency: leu/plural lei, also ROL (see today's National Bank of Romania (NBR) Exchange Rates, or today's Exchange Rates at Exchange Houses)

Taxation: corporate tax – 25 per cent; personal income tax – max. 40 per cent; VAT – 19 per cent

Unemployment rate: 8.2 per cent

Inflation rate: 17.8 per cent (2002)

Economic indicators

 

Periodic economic data that provide indications of the current state of the Romanian economy and its general future direction. Below you will find the economic targets for the Romanian economy for 2004, graphs that show the evolution of economic indicators over the years and salary statistics.

 

Economic targets for 2004

 

GDP growth – 5.5 per cent

Inflation rate – 9 per cent

Current account deficit – -4.5 per cent of the GDP

Consolidated State budget deficit – 3 per cent of the GDP

Growth of population consumption – 3.7 per cent

Foreign Direct Investments – 1.8 billion EURO

Unemployment rate – 7.8 per cent

Minimum salary grew from ROL 2.5 million to ROL 2.8 million in 2004

Industry growth rate – 5.5 per cent

Rate of collecting public debts to grow up to 99 per cent

Fixed gross capital formation – 13 per cent

Exports growth – 8.5 per cent, imports growth – 8.8 per cent

ROL/USD exchange rate 36,700 (average); ROL/EUR exchange rate 40,100 average

Average employees number will grow by 0.9 per cent, reaching 4.4 million

Gross average salary ROL 7.5 million (February 2004)


Impact_of_Romania__s_Accesscion_to_the_EU_on_the_Austrian_Economy.pdf