👉Romania growing and becoming the silicon Valley of Eastern Europe , despite The Corruption
Romania is the most populous and largest countries in the Balkans. It is in the EU, and when it comes to the Human Development Index, it ranks 52nd in the world. Italy has been the main investor country in Romania for more than ten years in the number of registered companies.
Romania made an impressive development ,especially during the past 15 years .
Romania is a very fast developing mixed economy with high income. This is one of the leading nations in central and Eastern Europe. Romania’s economy is based on both agriculture and industries.
Romania is also rich in natural resources and very close to being energy independent. Romania has the largest gold deposit in continental Europe.
There is a positive outlook for the Romanian Economy for the next decade. The country growth with an average of 4 percent in the last ten years and is expected to continue with a rhythm superior to the EU average. The main potential for growth is the energy sector, IT, agriculture, construction industry, and tourism. But there are some vulnerabilities.As Romania is dependent on foreign investments which could stop if a global economic downturn hit Western Europe. There is a deficit of workforce as the emigration to richer countries in the West drain the local human resources pool. It desperately need investment to improve public infrastructure and have a trade deficit and a fiscal policy that put pressure on local currency. All these vulnerabilities could have a strong negative impact on economic growth.
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Romania’s relative wealth is still very new, and it takes time until Romania can invest this wealth into all fields of life. Build the same amount of high-speed motorways as Hungary has for example.
Raise pensions to the same purchase-power level, renew all buildings and demolish the hopeless ones, invest in health-care, empower disabled people and providing rights to minorities.
The wealth in Romania is concentrated around the top 5 cities.
Bucharest, the capital city and the surrounding metropolitan area, already surpasses metropolitan areas like Madrid, Berlin or Budapest, with a GDP per capita of 131% of the European average.
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