Romania
Romania is located in South-eastern Europe, bordering the Black Sea, between Bulgaria and Ukraine. With a population of 21.3 million, it is the second largest country in Central and Eastern Europe. Strong growth in exports since 2000, and accession to the EU in 2007 are factors that have led to strong economic growth in recent years, and GDP per employee is forecast to grow by almost 50% over the next two years while the rate of earnings growth is forecast to exceed all other EU countries. Interest rates have fallen and the rate of consumer price inflation has declined.
Economic Strengths
Oil reserves. Tourism potential. Steady export-led recovery since 2000.
Economic Weaknesses
Corruption & bureaucracy. Rising inflation. Slow transition from centrally planned to market economy. Delays in economic reform. Low foreign investment confidence.
| Population | Capital city |
| 21,343,862 | Bucharest |
| Currency | World GNP Ranking |
| Romanian Leu | 43 |
| GNP per Capita ($) | Inflation |
| 11100 | 4.55% |
| Unemployment | Tourism visitors per year (thousands) |
| 4.1% | 6263.29 |
Source: Knight Frank Residential Research as at Dec 2007