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The Romanian Army is founded. Romania switches from Cyrillic script to the Latin script that is still in use today. 1861: On February 5, the 1859 union is formally declared and a new country, Romania is founded. The capital city is chosen to be Bucharest.
The Romanian expression România Mare (Great or Greater Romania) refers to the Romanian state in the interwar period and to the territory Romania covered at the time. At that time, Romania achieved its greatest territorial extent, almost 300,000 km 2 or 120,000 sq mi [ 265 ] ), including all of the historic Romanian lands.
According to Eurostat, Romania's GDP per capita (PPS) was 77% of the EU average (100%) in 2022, an increase from 44% in 2007 (the year of Romania's accession to the EU), making Romania one of the fastest growing economies in the EU. [185] The Bucharest Stock Exchange (BVB) is the stock exchange of Romania, located in Bucharest.
1861 – City becomes capital of Romania. [10] [2] 1862 – Orphanage founded. [4] 1863 – Music and Drama Conservatory established. 1864 University of Bucharest, [11] [2] Bucharest National University of Arts, School of Bridges and Roads, Mines and Architecture, [12] and National Museum of Antiquities [13] founded. Barbu Vlădoianu becomes mayor.
Development continued during the 1930s – one of the most prosperous times in Romanian history: after 1928, the population increased by 30,000 inhabitants per year, the area reached 78 km 2 in 1939, and many new peripheral boroughs were added (Apărătorii Patriei, Băneasa, Dămăroaia, Floreasca, Giulești, the Militari village, and the ...
During the Wallachian Revolution of 1848, the agenda of the Provisional Government included the emancipation (dezrobire) of the Roma as one of the main social demands. By the 1850s the movement gained support from almost the whole of Romanian society, and the law from February 1856 emancipated all slaves to the status of taxpayers (citizens).
The territorial evolution of Romania (Romanian: Evoluția teritorială a României) includes all the changes in the country's borders from its formation to the present day. The precedents of Romania as an independent state can be traced back to the 14th century, when the principalities of Moldavia and Wallachia were founded.
Bucharest is the centre of the Romanian economy and industry, accounting for around 24% (2017) of the country's GDP and about one-quarter of its industrial production, while being inhabited by 9% of the country's population. [86] Almost one-third of national taxes is paid by Bucharest's citizens and companies.