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The construction industry in Romania contributed an estimated 5.95% in 2006 to the country's gross domestic product (GDP). Business Monitor International released Romania Infrastructure Report Q2 2007 in which they forecast an average industry growth rate of 6.84% over the 2007–2011 period. [7]
Location of Romania. Romania is a sovereign state located in Southeastern Europe. Following rapid economic growth in the early 2000s, Romania has an economy predominantly based on services, and is a producer and net exporter of machines and electric energy, featuring companies like Automobile Dacia and OMV Petrom.
Romania's exports totalled US$41.67 billion and imports totalled US$66.78 billion in 2008. [2] The Ilfov County and the national capital Bucharest together are the country's top exporter and account for around 19% of the total exports. They are also the largest importer in the country accounting to nearly 40% of total imports. [3]
Romania adopted 1 January 2005 a flat tax of 16% to improve tax collection rates. Romania subsequently enjoyed the lowest fiscal burden in the European Union, until Bulgaria also switched to a flat tax of 10% in 2007. Since 2018 the flat rate was lowered to 10%. Romania posted 6% economic growth in 2016, the highest among European Union member ...
Romania has strength in information technology and other significant areas such as auto components, chemicals, apparels, pharmaceuticals and jewelry. [citation needed] The European Union provides €143 million in aid to Ford Motor Company plants in Romania. The aid is part of a total investment of €600 million (US$934 million) in the plants ...
More specifically, Invest in Romania welcomes all inquiries and is equipped to serve as a foreign investor's first point of contact for an investment in Romania. Initial meetings may involve gaining information about the Romanian economy as a whole, making contacts with appropriate agencies, and discussing Romania policies and basic investment ...
This list depicts the membership of European countries in selected international organisations and ... Romania: 0.827 16,670 20,089 UN: ... Contact Wikipedia; Code of ...
Critics of the concept dismiss Industry 4.0 as a marketing strategy. They suggest that although revolutionary changes are identifiable in distinct sectors, there is no systemic change so far. In addition, the pace of recognition of Industry 4.0 and policy transition varies across countries; the definition of Industry 4.0 is not harmonised.