The Economy of Romania

Economy of Romania Prior to World War II, the economy of Romania was mainly agriculture. In 1948, the Communist Party government held power and controlled almost all aspects of the economy. Through a series of five-year plans, the communists turned Romania into an industrialized country. In the first part of the Communist era, the economy grew very rapidly, but by the 1980s the economy faded, the shortage of consumer goods and the deterioration of the environment were widespread.

Romanian economy was one of the most industrialized economies in former Soviet Union. Even today Romania's GDP is close to $ 200 billion and annual growth rate is 5-6%, it is still one of the world's leading weapons producers, accounting for nearly 30% of the market. At the same time, the Internet penetration rate of Romania is about 60%, which is one of the lowest in the EU (Internet is fastest) and its growth is slow (about 1% per year). Local broadband will remain at 20%

Another notable economy heading in the wrong direction is Romania. Surprisingly, Romania is expected to rise to a fairly high position in 2018 and 2019. Romania has become a star in eastern Europe in recent years, and the economy is expected to grow fastest this year. However, there are risks of economic growth in 2018 due to a series of problems including rising inflation. The inflation rate will rise sharply next year, and it is expected that Romania will emerge as a list of sufferings

Romania is one of the poorest countries in Europe and is one of the fastest-growing economies in the European Union. Six percent of the gross domestic product from the Romanian IT industry enhances public awareness and supports the innovation program. The Romanian government focuses on technology, attracts foreign companies and hires or hires subsidiaries. Nearly 80% of the educated young Romanians under the age of 30 are positive for their work and I believe that 1 out of 10 Romanians have their careers. Even if the main motivation to do so is the possibility of obtaining second income (these countries are ranked third after independence and self-realization compared to other EU countries)