Market Research In Romania

Romania Profile:

  • Romania is a sovereign state located in South-eastern Europe and is divided into 41 counties.
  • Romania has an economy predominantly based on services and is a producer and net exporter of machines and electric energy. Corruption and red tape continue to permeate the business environment.
  • Romania currently ranks 72nd out of 175 economies in the ease of doing business and ranked 50th in the Human Development Index.
  • Romania became a socialist republic and member of the Warsaw Pact. It has been a member of NATO since 2004, and part of the European Union since 2007.
  • Unemployment in Romania is at 5.4% in 2017, which is very low compared to other EU countries

Romania Economy:

  • Romania is an upper-middle income country economy and developing country, and one of the poorest in the European Union.
  • Romania’s macroeconomic gains have only recently started to spur the creation of a middle class and to address Romania’s widespread poverty.
  • Economic growth rebounded in the 2013-16 period, driven by strong industrial exports and excellent agricultural harvests, and the fiscal deficit was reduced substantially.
  • Industry outperformed other sectors of the economy in 2016. Exports remained an engine of economic growth, led by trade with the EU, which accounts for roughly 70% of Romania trade.
  • An aging population, significant tax evasion, insufficient health care, and an aggressive loosening of the fiscal package jeopardize the low fiscal deficit and public debt and are the economy’s top vulnerabilities

Romania Facts:

  • Population: 21.5 million
  • Capital: Bucharest
  • Largest city: Bucharest
  • Area: 238,391 sq km
  • Major language: Romanian (official) 85.4%, Hungarian 6.3%, Romani 1.2%, other 1%
  • Major religion: Eastern Orthodox 81.9%, Protestant 6.4%, Roman Catholic 4.3%, other (includes Muslim) 0.9%
  • Life expectancy: 71.9 years (Male), 79 years (Female)
  • Monetary unit: 1 New Leu (RON) = 100 New Bani
  • Main exports: Machinery and equipment, other manufactured goods, agricultural products and foodstuffs, metals and metal products, chemicals, minerals, and fuels, raw materials
  • GNI per Capita: $22,950

Our Market Research Services in Romania:

We Employ A Wide Range of Research Techniques in Romania:

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