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Home >  Romania >  Economy

Romania Economy



Romania,a member of the European Union, earns its maximum gross national product from industry. After the communist regime in Romania came to an end in 1989, changes began to be implemented in the policy of Romania Economy. A market economy was introduced and many of the enterprises owned by the state were privatized.

One of the biggest financial centers of Romania is Bucharest, its capital city. The Romania Economy is chiefly based on the industrial centers at Timisoara, Arad, Bucharest, Iasi, Resita, Brasov, Oradea and Hunedoara.

Romania's primary sector include agriculture, industry and energy. Agriculture in Romania includes apple production, poultry, pork, dairy products and beef productions which are concentrated in the west and at the center of the country respectively. Fishery industries and forestry are also extensively developed. Romania Economy earns profit by exporting wine, processed products and cheese to United States of America.

Romania Economy is significantly based on its coal deposits, substantial gas and oil reserves and hydroelectric power resources.

In the field of industry, car manufacturing has become an important source of revenue for the Romania Economy. The other industries in Romania include oil refining, food processing, shoe manufacturing, household electronics, pharmaceuticals, textile, etc.

Tourism in Romania is a flourishing industry and a major source of earning for the Romania Economy. Tourist resorts and ultramodern hotels have been created to bolster tourism in Romania. There are as many as 3000 tourist sites in the country, both man made and natural.


Romania
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