About Romania

Geographical Location:

Southeastern Europe

Neighbors: lies between Ukraine and Bulgaria and adjoins the Black Sea to the east. Romania is bordering Bulgaria (by the Danube), Serbia, Hungary, Republic of Moldova, and Ukraine
Area: 238,391 sq. km (12th in Europe and 81st in the world).

Official language: Romanian
Standard time: GMT +2 hours
Currency: Romanian leu (RON); fractional coin - ban;

Capital city: Bucharest (1.9 milllion inhabitans);
Administrative distribution: 42 counties (including Bucharest), 319 towns, 2851 communes.
Main cities: Iasi; Constanta; Cluj-Napoca; Timisoara; Galati; Craiova; Brasov; Ploiesti; Braila.

Airports: Bucharest-Otopeni, Bucharest-Baneasa, Constanta, Timisoara, Bacau, Baia Mare, Caransebes, Cluj-Napoca, Craiova, Deva, Iasi, Oradea, Satu Mare, Târgu Mures, Tulcea, Suceava, Arad, Sibiu.

Population: 21.6 million inhabitants (July 2006),
Density: 91 inh./sqkm.
Ethnic structure: Romanians 89.5%, Hungarians 6.6%, other 3.9%.

Market& Location Advantage

• One of the largest markets in Central and Eastern Europe (ranking 7th, with over 21 million inhabitants);
• EU unique market gateway (access to approximately 500 million consumers);
• Attractive location: situated at the turning point between EU, the Balkans and CIS countries, Romania is crossed by three important pan-European transportation corridors: corridor no. IV linking Western and Eastern Europe, corridor no. IX connecting Northern and Southern Europe and no. VII– Danube River, facilitating inland water transportation, at the same time connecting the Romanian Port of Constanta (the biggest Port to the Black Sea) to Northern Europe, through the Rhine.

Economical Advantage 

• Sustainable economic growth;
• Decreasing inflation;
• Increasing interest on behalf of Foreign Investors– leader destination for FDI in the region (source: Ernst&Young, SEE Attractiveness Survey– SouthEast Europe: An Emergent FDI Destination in Europe, April 2008);
• Sound fiscal policy (16% flat tax).