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Industry of Romania. Romania has been successful in developing dynamic telecommunications, [1] aerospace, [2] and weapons sectors. [3][4] Industry and construction accounted for 32% of gross domestic product (GDP) in 2018, a comparatively large share even without taking into account related services. The sector employed 26.4% of the workforce.
Net investments in Romania's economy totaled RON 33.6 billion (EUR 7.2 billion) in the first half of 2018, up by 5.8% compared to the same period of 2017, according to the National Statistics Institute (INS). [70] In the same year (2018) foreign direct investment (FDI) was 81 billion, 63% (51 billion) being "green field".
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. It has been a member of NATO since 2004, and part ...
Automotive industry in Romania. Much of the Romanian manufacturing industry consists of branch plants of foreign firms, though there are some important domestic manufacturers, such as Automobile Dacia, Ford Romania, Roman Braşov and Igero. [1] In 2018, est. 500,000 automobiles were produced in Romania.
Romania's chief exports to Italy included leather footwear, cars, telephones, tobacco, men's suits, seats and iron pipes. [5] 2.8% of the country's GDP is derived from agricultural activity. While Romania imports substantial quantities of grain, it is largely self-sufficient in other agricultural products and food stuffs.
The EU is Romania's main trade partner in agri-food products. Romanian EU exports represent 64%, and imports from EU countries represent 54%. Other important partners are the CEFTA countries, Turkey, Republic of Moldova and the USA. [1] Romania is an important exporter of military equipment, accounting for 3-4% of the world total in 2007.
When “Avatar 2: Way of the Water” surged to the top of the Romanian box office earlier this year to become the highest-grossing film of all time, it marked an auspicious sign for a theatrical ...
Petrochemical industry in Romania. The emergence of oil production in the territory now known as Romania dates back to 1857, [1] with oil facilities gaining strategic military significance in 1916 during World War I. Throughout World War II, the Kingdom of Romania held the position as the largest oil producer in Europe, second only to the USSR ...