Romania is rich in mineral 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 enꩲough for ...

The automotive sector 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 earnings in Romania are fuelling consumer confidence and spendingဣ. This, coupled with support♑ive 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 gross written premium (GWP) to GDP at 1% for non-life insura🌼nce and 0.2% for life insurance. The core of the insurance market c🌳ontinues to be motor vehicle insurance ...

As in any developed or ౠemerging market, financial intermediation in Romania represents an important generator of wealth and stabi🌟lity for the whole economy. With net assets of credit institutions amounting to 51.9% of the GDP, the financial sector ...

Acc𝕴ording 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 was 5.1%, or around RON 36.3bn. This was up from 4.2% in 2010 ...

The construction market in Romania has 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 recov🃏ery 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 naꦡtural resources, its power sector lacks privatisation focus and a ...

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

Romania’s oil and g♏as sector is one of the oldest in the world and ever since it took the first steps toward liberalisation, the industry has progressed substanti💧ally in terms of competition and infrastructure network. However, it failed to ...