The Romanian economy is one of Europe’s fastest developing markets. As the largest in south-eastern Europe and the second largest in CEE (after Poland), Romania recorded a constant rise of foreign investments. Following a 3.4% growth of GDP in 2013, 2.8% in 2014 and 3.7% in 2015, Romanian economy became one of the most competitive ones in the European Union.
- With a population of almost 20 million, Romania is the second largest market among Central and Eastern European countries (after Poland), with an economy mainly based on services. Industry, manufacturing and services account for 65% of the GDP and employ more than a half of the active population.
- Exporting or investing in Romania is becoming more and more attractive due to the market potential, its strategic location and a competitive business environment.
- Romania has an area of 238.391 km2 with more than 1.600.000 people living in Bucharest, the capital city. Other important cities are Cluj-Napoca, Timișoara, Iași, Craiova, Constanța, Brașov, Sibiu.
- Starting a business in Romania is quite easy. In general, a new company can be established in 12 days at an average cost of the paid-in minimum capital of 200 RON (in the case of a Limited Liability Company).
- Annually, Romanian companies export to Poland goods and services which exceed 1 billion euros.