The investment volume in H1 2019 amounted to almost EUR 410 million, a 6 percent increase compared to the similar period of last year, when the figure for

Is Romania rich?

Not yet. Romania is on it’s way to becoming a rich country. Romania is a fast developing, upper-middle income mixed economy. Starting 2016 Romania made it to the selected Top 50 very high human development index reported by the United Nations Development Programme (UNDP).

Romania maintains highest EU GDP growth in 2017, expected at annual 6.1%, with a recently announced 8.8% growth in Q3 2017.

Romania has the highest home ownership rate in the world, topping at 96,4%. The data is backed up by recent EU statistics as well.

Source: Wikipedia.com

Minimum legal gross monthly salary in Romania starting 1st of Jan 2018 will be RON 1900, which at the moment I am writing this (Nov 2017) is approximately €410.

Romania has low debt: namely 5th lowest public debt in the EU, amounted to only 38.4% of the GDP (SEC 2010 methodology). In comparison at EU level, the average public debt amounted to 85.2% of the GDP while in the Eurozone, public debt average amounted to 90.7% of the GDP.

Romania’s industrial output is growing fast as well. Industrial production in Romania went up 8% in the first seven months of 2017 compared to the same period in 2016. The industrial production was the largest contributor to the above mentioned economic growth for 2017.

Romania is part of the Top 50 global exporting countries. The most well known Romanian brand is Dacia automotive.

Romania is one of the most energy independent countries (top 3) in the EU, soon to achieve full energy independence by 2020. Not only that, but Romania will help Holland on it’s journey to reach its renewable energy target for 2020. Dutch group NERO Renewables is planning to build in Romania three wind parks having 362 turbines and a total capacity of 1 GW. To put things into perspective that’s almost double than the capacity of the Fantanele-Cogealac (also in Romania) wind park, which is currently the biggest onshore wind park in Europe.

Romania is also rich in natural resources (oil and gas) with major recent discoveries in the Black Sea. The Romanian company Black Sea Oil & Gas, discovered two wells holding an estimated 10 billion cubic metres of gas in 2008 some 120 kilometers offshore. Romania is basically the only source of gas of this magnitude around Europe – other than Russia of course – and that puts it in a very powerful position. Romania also has the largest gold deposits in continental Europe.

Foreign direct investment in Romania in 2016 reaches record level of the last eight years. Over the last 10 years total FDI amounts to EUR 41 billion.

Real estate: in 2016 one million sqm of new real estate was delivered, almost double (88% growth) since last year.

Bucharest, the capital city and the surrounding metropolitan area surpasses metropolitan areas like Madrid, Berlin or Budapest, with a GDP per capita of 131% of the European average.