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Romania emerged from communist rule in 1989 and over the last six years has enjoyed a stable economic and political climate that is set to continue.
In 2000 the country emerged from a three year economic recession and the positive progression towards privatisation began. This, combined with the initiation of negotiations for accession to the EU in the same year, resulted in economic growth resuming, and a set of reforms being adopted which subsequently increased foreign investment. In spite of a global slowdown in 2001-2002, strong domestic activity in construction, agriculture and consumption have kept GDP growth above 4%.
The outlook for 2006 and the next few years is positive and since Romania is expected to continue its economic growth, with GDP growth rate and GDP per capita or average wages indicators on a stable and upward trend, the country is on course to provide a steady and safe investment environment.
Romania joined NATO in 2004 and achieved EU accession in January 2007 which is seen as further insurance that the country will adopt all the necessary economic reforms to maintain the recent positive developments.
Country Overview | Economic Outlook | Developments | Register
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