Romania is rich in mineral resources, including fosꦉsil fuels, gold, silver, non-ferrous metals and salt. The country has the largest oil and natur🀅al gas reserves in Central and Eastern Europe (CEE), however, production levels are not high enough for ...

The automotive sector in Romania experienced significant growth since the privatisat🅘ion of Dacia in 1999 and became a key pillar of the economy. According to Oxford Economics data, the automotive sector ge𝕴nerated 9.5% of the manufacturing value added ...

The rapid economic growth and the rising earnings in Romania are fuelling consumer confidence and spending. This, coupled with supportive policy measures from the government in the form of🐠 VAT cuts, is having a significant positive impact on the ...

The insurance sector in Romania remains heavily underdeveloped, with the ratio of gros꧙s written premium (GWP) to GDP at 1% for non-life insurance and 0.2% for life insurance. The core of the insurance market continues to be motor vehicle insu💦rance ...

As in any developed or emerging market, financial intermediation in Romania represents an important generator of wealth and stability for the whol🅷e economy. With net assets of credit institutions amount🅘ing to 51.9% of the GDP, the financial sector ...

According to Romania’s National Institute of Sta💮tistics (INS), the share of the “Information and Communications” (IC) services sector in the country’s GDP in 2015 was 5.1%, or🌱 around RON 36.3bn. This was up from 4.2% in 2010 ...

The construction market in Romania ꦦhas been witnessing a rebound since 2013 after a double-digit decline in 2008-2010 because of the global economic crisis. The market growth is led by a recovery in the real estate market and increased investments in ...

The electric power 🍌sector in Romania is on track to become a full-fledged driver of the national economy with a significant international exposure. While the country is rich in natural resources, its power sector lacks privatisation focus and a ...

The transport services sector generated 25.7% of the total market value of all services in 2015, thus playing a significant role for the Romanianꦦ economy. The sector is aꦕlso a major employer accounting for 5.5% of total employment. Road transport, ...

Roman✨ia’s oil and gas𒈔 sector is one of the oldest in the world and ever since it took the first steps toward liberalisation, the industry has progressed substantially in terms of competition and infrastructure network. However, it failed to ...