Romania

Czech Republic
Poland
Slovakia
Hungary
Germany
France
Romania
Serbia
Basic Information

19.04 million

Area

Population

Workforce

Language

Political System

Currency

Membership

8.26 million

Romanian

Semi-presidential republic

Romanian Leu (RON)

EU, NATO, OSCE, UN, Schengen Agreement, Council of Europe…

Bucharest

Capital

238,398 sqkm

Czech Republic
Poland
Slovakia
Germany
France
Hungary
Germany
Spain
United Kingdom
Ireland
Romania
Luxembourg
Netherlands
Slovenia
Italy
Bulgaria
Austria
Croatia
Belgium
Portugal
Malta
Estonia
Latvia
Lithuania
Greece
Sweden
Denmark
Finland
Cyprus
Malta
Estonia
Latvia
Lithuania
Greece
Sweden
Denmark
Finland
Cyprus
Map of Romania with major cities
Romania is located at the crossroads of Central, Eastern and Southeastern Europe, bordering Bulgaria, Hungary, Moldova, Serbia and Ukraine, with access to the Black Sea through the port of Constanța. With GDP of approximately EUR 380 billion in 2025, Romania is one of the larger economies in Central and Eastern Europe and offers one of the region's largest domestic markets.

Automotive manufacturing is one of the pillars of Romanian industry. Dacia (Renault Group) and Ford Otosan together produced around 545,000 cars in 2025, supported by a broad base of international component suppliers. Vehicle production is centered in the south of the country, with component suppliers also clustered in western and central Romania. Other key industries include machinery and equipment, electrical and electronic products, chemicals and plastics, pharmaceuticals and food processing.

Foreign direct investment has played an important role in Romania's economic development, with manufacturing among the main recipients. The country has also developed a strong information and communication technology sector, with IT and engineering hubs in Bucharest, Cluj-Napoca, Iași and Timișoara. Its domestic market, access to the EU single market and competitive cost base make Romania an increasingly relevant location for production and services in Southeastern Europe.
Major Industries

Automotive

ICT

Shared Services

Agriculture

Aerospace

Major Trade Partners

Export

Germany, China, Italy, Belgium, USA, Spain, UK,  Netherlands, Switzerland, Poland

Import

Germany, Spain, Italy, USA, UK, China, Netherlands, Switzerland, Poland, Singapore

Reasons to Invest

  • Strategic location and access to the EU Single Market
  • Competitive labor costs and a skilled workforce
  • Strong industrial and manufacturing base
  • Growing economy and large domestic market
  • Well-developed automotive, machinery, electronics and IT sectors
  • Significant EU funding for infrastructure and business investment
  • Attractive corporate income tax rate

59.3%

2,006 USD

General government debt (GDP, 2025)

Long-term interest rates (10Y government bonds, 12/2025)

Average inflation rate (2025)

Labour productivity (EU27 = 100, 2025)

Unemployment rate (avg. 2025)

Nominal annual average wage growth rate (2025)

Real annual average wage growth rate (2025)

6.72%

5.09

4.33

BBB-

6.8%

86.5

6.1%

7.9%

1.03%

GDP growth (constant prices, 2025)

0.7%

1,707 EUR

8,716 RON

Average nominal monthly gross wage in RON (2025)

Average nominal monthly gross wage in USD
(2025)

Average nominal monthly gross wage in EUR
(2025)

Exchange rate - RON / EUR (31/12/2025)

Exchange rate - RON / USD (31/12/2025)

Credit rating (S&P, 4/2026)

Economic Indicators

40 hours / week

10%

Maximum Working Hours

Maximum Overtime Hours

Compensation for Overtime / Holiday Work

Minimum Number of Paid Holidays

Sick Days

Maternity Leave

Parental Leave

Social Security (Companies)

Notice Period

Social Security (Employees)

Probation Period

Labour Union
(Proportion of Employee / Collective Bargaining Coverage)

8 hours / week; total working time max. 48 hours / week incl. overtime

21%
(reduced rate 11%)

Paid time off or at least 75% salary supplement

20 working days

Until child reaches 2 years old; 3 years for disabled child

2.25% (+ 4-8% for hard / special conditions)

At least 20 working days

35% (25% CAS + 10% CASS)

90 calendar days; 120 calendar days for managerial positions

24.1% / less than 20 %

First day unpaid; days 2-6 paid by employer; from day 7 covered by state fund

126 days

Minimum Wage (7/2026)

RON 4,325 / month

16% (+ IMCA min. turnover tax 0.5%, abolished 2027)

Corporate Tax

Income Tax

Value Added Tax (VAT)

Other Tax

Building tax, Land tax, Excise duties, Customs duties, Special construction tax (0.5%)

Taxation System
Labour Regulations
Source: World Atlas, Trading Economics, Eurostat, World Bank, Inflation EU, Exchange Rate ORG