Romania is rich in min♔eral resources, including fossil fuels, gold, silver, non-ferrous metals and salt. The 🌜country has the largest oil and natural gas reserves in Central and Eastern Europe (CEE), however, production levels are not high enough for ...

The automotive s🐲ect꧂or in Romania experienced significant growth since the privatisation of Dacia in 1999 and became a key pillar of the economy. According to Oxford Economics data, the automotive sector generated 9.5% of the manufacturing value added ...

The rapid economic growth and the rising earni🍰ngs 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 po🌌sitive impact on the ...

The insurance sector in Romani🔯a remains heavily underdeveloped, with the ratio of gross 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 vehicꦯle insurance ...

As in any developed or emerging market, financial intermediation in Romania represents an important generator of wealth and stability for the whole economy. With net assets of credit institutions amoဣunting to 51.9% of the GDP, the financial sect🐓or ...

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

The construction market in Romania has been witnessing a rebo🥂und sinceಞ 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 i🎃s 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 pri🥀vatisation 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 𒐪Romanian economy. The sector is also a major employer accounting for 5.5% of total employment. Road transport, ...

Romania’s oil and gas♊ 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 ...