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Romania is a popular tourist destination, with more than 15.7 million domestic and foreign tourists in 2018. Romania's tourism took a great hit during the 2020 COVID-19 pandemic, with a drop of as much as 68.7% of foreign visitors in 2020, but it's beginning to recover in 2022. [78]
Romania is a sovereign state located in Southeastern Europe. Following rapid economic growth in the early 2000s, Romania has an economy predominantly based on services, and is a producer and net exporter of machines and electric energy, featuring companies like Automobile Dacia and OMV Petrom .
Business Monitor International released Romania Infrastructure Report Q2 2007 in which they forecast an average industry growth rate of 6.84% over the 2007–2011 period. [ 7 ] The construction industry has been receiving funds from foreign institutions including European Bank for Reconstruction and Development (EBRD) and European Investment ...
Romania has a complex, high-income market economy, the 45th largest in the world by total nominal GDP and the 36th largest based on purchasing power parity. [1] The country is a regional leader in multiple fields, such as IT and motor vehicle production. [2] [3] In 2016, Romania was the 46th largest exporter of goods in the world. [4]
In the first four years of the twenty-first century, Romania's BET Index was the best-performing stock market index in the world as declared by the international magazine Business Week. The stock market capitalisation of listed companies in Romania was valued at $56 billion in 2008 by the World Bank. As a result, the corporate sector of Romania ...
More specifically, Invest in Romania welcomes all inquiries and is equipped to serve as a foreign investor's first point of contact for an investment in Romania. Initial meetings may involve gaining information about the Romanian economy as a whole, making contacts with appropriate agencies, and discussing Romania policies and basic investment ...
Romania's chief exports to Italy included leather footwear, cars, telephones, tobacco, men's suits, seats and iron pipes. 2.8% of the country's GDP is derived from agricultural activity. While Romania imports substantial quantities of grain, it is largely self-sufficient in other agricultural products and food stuffs.
Shortly after the Romanian revolution of December 1989, a group of American business leaders and professionals led by Mark A. Meyer met to discuss the formation of a bilateral trade association dedicated to the development of prosperous business relationships between Romania and the United States.