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Romania: Country and Foreign Investment

Executive Summary

According to the International Monetary Fund, as of 2013, Romania has the 74th highest GDP per capita in the world. It is ranked as 56th on the UN's Human Development Index (a comparative measure of life expectancy, literacy, education, standards of living, and quality of life).

The official currency in Romania is the leu however, having joined the European Union in 2007, the country is expected to adopt the euro in 2016. Romania's GDP is the 17th largest in the European Union, and it has experienced a notable increase in foreign investment over recent years. Romania's capital city, Bucharest, is one of the largest financial and industrial centres in Eastern Europe.

The collapse of the Communist regime in 1989 saw a period of economic instability, before rapid growth in the 2000s saw the country being referred to as "Tiger of the East". Romania has over 10 million hectares of agricultural land, diverse energy sources, and a substantial manufacturing base.

 

 

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