Economy

The Romanian economy

The Romanian economy was sustained fundamentally before the second world war in the agrarian sector, although the implantation of five-year programs during the communist period caused the industrial transformation of the country and the heyday of the sector of services.
After the overthrow of Nicolas Ceausescu in December, 1989, the Romanian economy collapsed as well as his exports.
The programs introduced later established the devaluation of the currency, the supression of the subsidies in most of the goods of consumptions and the privatization of the companies of state property whit the purpose of establishing a system of free market.
Although at the present the evolution of his exports have had a significant achievement and this´s reflected in the increase of industrial products.
The principal associates of Romania, both in the exports and in the imports are Italy and Germany.

Exports have increased substantially in the past few years,Romania´s main exports are clothing and textiles, industrial machinery,
electrical and electronic equipment, metallurgic products, raw materials, cars, military equipment, softwere, pharmaceuticals, fine chemical and agriculture products(fruits, vegetables and flowers).
As well as also the big extension of vineyards have done of Romania an important producing country wines.
The country, however, maintains a large trade deficit.

The forest resources are abundant and the fishing of to litte is expanding, principally in the Black Sea and in the region of the delta of the Danubio, fish such as herring, crab, lobster, haddock.
Also there exist deposits of natural gas and oil. Like that and everything is so big the internal demand that has for itself to import these products to satisfy the internal demand.
To try to reduce the dependency on external factors projects have been impelled for the cration of plants of nuclear energy and hydroelectric.
The services understand the remainder of the GNP, being the tourism the principal taxpayer.
The Black Sea, the delta of the Danubio and the Carpathians there are the natural attractions that concentrate the tourism, and on the other hand Transylvania stands out for his cultural patrimony.
After a series of privatisations and reforms in the late 1990s and early 2000s, government intervetion in the Romanian economy is somewhat lower than in other European economies.
Since 2000, Romania has attracted increasing amounts of foreign investement, becoming the single largest investment destination in Southeastern and Central Europe.

TRANSPORTATION

Due to its location, Romania is a major crossroad for internationl economic exchange in Europe. However, because of insufficient investment, maintenance and repair, the transport infrastructure does not meet the current needs of a market economy and lags behind Western Europe.
Nevertheless, these conditions are rapidly improving and catching up with the standards of Trans-Europe transport networks.
The Government is actively pursuing new external financing or public-privet partnership to further upgrade the main road, and especially the country´s motorway network.
Bucharest is the only city in Romania wich has an underground railway system, the Bucharest Metro was only opened in 1979 and now is one of the most accessed systems of the Bucharest public transport network.

Romania is one of the principal producers and exporters of agricultural products of Europe.