Capital: Bucharest           HDI: 0.785 (54th)

Language: Romanian      GDP (PPP): $392.8 billion

Population: ~ 21.7 million            Currency: Romanian Leu


Romania is one of the newer members of the European Union and the only Romance language speaking country in Eastern Europe. The country experienced rapid economic growth based primarily on its manufacturing and service sectors. Romania has one of the lowest labor costs and one of the lowest levels of unemployment in the EU; the middle class has started to expand since the 2000’s. Exports are the main fuel for economic growth, in particular the country has a large and growing car manufacturing industry. Tax incentives were put in place to stimulate business growth and investment, this included the transition to a 16% flat tax.





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