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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.
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]
Romanian license plate issued from 2007 European Union stripe, known as a "Euroband". The most common format for vehicle registration plates in Romania consists of black letters on white background in the format CC 12 ABC, where CC is a two letter county code, 12 is a two digit group, and ABC is a three letter group.
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]
Following the release of Pe Coastă, the group announced the single in a video published on their official Facebook account on May 18, 2016. [3] It then premiered on the group's official YouTube account two months later, on July 20. [4] The song features deep house DJ and vocalist Lalla and pop singer So on the chorus.
Export-Import Bank of Romania logo until 2023. In June 2019, Export-Import Bank of Romania has signed an agreement with National Bank of Greece (NBG) to acquire 99.28% stake in Banca Românească (BROM). [1] Following the completion of the deal, EximBank will foray into the domestic retail banking market and will become a universal commercial bank.
Import substitution industrialization (ISI) is a trade and economic policy that advocates replacing foreign imports with domestic production. [1] It is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products.
In Romania are produced a wide range of automobiles, minivans, sport utility vehicles, buses, and trucks. In 2007 Romania exported US$3.7 billion worth of vehicles and components. The vehicle export was 120,000 [15] units in 2007. It was expected for 2008 to export about 250,000 units.