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Romania


Romania is situated in Southeastern Europe, bordering the Black Sea, between Bulgaria and Ukraine. The country has taken the name and the culture from the Roman civilization, which left very deep roots: the language and the alphabet have Latin origin.

After World War II, the country was falling under the influence and the control of the Eastern Block, and this forced the economy to become totally State controlled. The situation changed 1989 when Ceausescu, the dictator that ruled the country for 40 years, was removed.

The changes have helped the re-opening of the country's economy; since then international investors have stepped in to assist and support the transformation of the economical system.

Romania's return to economic growth after consecutive years of contraction was due to successful efforts to strengthen macroeconomic stability.

Romania completed accession talks with the European Union (EU) in December 2004, it must continue provide democratic reforms before it can join the EU, tentatively in 2007. Romania joined NATO in March of 2004.

Population: 21.3 million (UN, 2008)
Capital city: Bucharest
Natural resources: petroleum (reserves declining), timber, natural gas, coal, iron ore, salt, arable land, hydropower
GDP - real growth rate: 8% (2008 est.)
GDP - per capita (PPP): $12,500 (2008 est.)
Industries: electric machinery and equipment, textiles and footwear, light machinery and auto assembly
Exports: $59.75 billion f.o.b. (2008 est.)
Exports - commodities: machinery and equipment, textiles and footwear, metals and metal products, machinery and equipment, minerals and fuels, chemicals, agricultural products
Exports - partners: Italy 17.2%, Germany 16.9%, France 7.7%, Turkey 7%, Hungary 5.6%, UK 4.1% (2007)
Imports: $92.09 billion f.o.b. (2008 est.)
Imports - commodities: machinery and equipment, fuels and minerals, chemicals, textile and products, metals, agricultural products
Imports - partners: Germany 17.2%, Italy 12.8%, Hungary 6.9%, Russia 6.3%, France 6.2%, Turkey 5.4%, Austria 4.8% (2007)
The most important ports: Constanta

















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