| Govt. System |
Constitutional Republic with a multi-party system; bicameral Parliament
Chief of State:President: Traian Basescu (2004)
Head of Government:
Prime Minister: Calin Popescu Tariceanu (2004) |
| Capital |
Bucharest – a municipality divided into six administrative sectors with a population of 2 million inhabitants |
| Ports |
Constanta, Mangalia & Sulina on
the Black Sea and Tulcea, Galati, Braila, Giurgiu on the Danube River
and Drobeta Turnu Severin |
| International Airports |
Bucharest Otopeni and Baneasa, Constanta, Suceava, Arad, Sibiu and Timisoara, Clug, Baia Mare |
| Free Trade Zones |
Sulina, Constanta, Galati, Braila (located on the Black Sea or Danube River), Giurgui and Curtici-Arad |
| International Membership |
The United Nations (UN)
The International Monetary Fund (IMF)
The Intl. Bank for Reconstruction and Development (IBRD/World Bank)
International Finance Corporation (IFC)
Multilateral Investment Guarantee Agency (MIGA)
European Bank for Reconstruction & Development (EBRD)
Bank for International Settlements (BIS)
World Trade Organization (WTO) – formerly GATT
Central European Free Trade Agreement (CEFTA)
European Union (entry into EU in 2007)
Global Systems of Trade Preferences NATO (2004)(GSTP) |
| Literacy Rate |
97% |
| Currency |
New Romanian Leu (RON) = $0.43 USD ) |
| GDP |
US $98.6 billion (2006) |
| Taxation |
25% Corporate Tax
Maximum 16% personal income tax
19% Value-Added Tax |
| Unemployment Rate |
4.0% (2007) |
| Inflation Rate |
4.9% (2007) |
| Net Average Wage |
US $542.00 per month (May 2008) |
| Exports |
US $1.35 billion (Jun. 2004) |
| Imports |
US $1.39 billion (Jun., 2001) |
| Trade Balance Deficit |
US $244 million (Jun., 2001) |