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There are numerous other small and medium scale manufacturing companies which form the largest part of Romania's manufacturing industry.The service industry in Romania contributed 55% of the GDP in 2003 and employed 51.3% of the country's labor force. Winner in the ‘Health and wellbeing tourism’ category. There are about 170,000 tractors in the country, and 80% are either obsolete or aging and many farmers in the country use horse-drawn agriculture and other animal power. The growth of the industrial sector was the principal stimulus to economic development. Romania - Industrial Development Project and Private Sector Adjustment Loan Project (English) Would you like to learn more about business world in Romania? Looking for a language tutor? Most abundant minerals in the country include halite or sodium chloride. There has been concern that much of Romania's human capital investment has been concentrated in IT-related industries.

Romania has been successful in developing dynamic telecommunications,In 2018 Romania enjoyed one of the largest world market share in machine tools (5.3%). If you continue to use this site we will assume that you are happy with it. The country also produces oil and production is not enough for self-sufficiency and Romania still imports gas. Country data and ILO results; Africa; Americas; Arab States; Asia and the Pacific; Europe and Central Asia Romania is becoming an increasingly popular choice for British property investors, according to recent research from Currencies Direct.The construction industry in Romania contributed an estimated 5.95% in 2006 to the country's gross domestic product (GDP). The country has an agricultural capacity of about 14.7 million acres, and only 10 million are arable.

Depending on each type of activity, the investments can go from a few thousand euros in case of micro-farms or small primary processing units, up to million if one desires the purchase of large agricultural areas.

Due to its educational system that favors technical skills, Romania is the 6th country in the world regarding the number of certified IT specialists per capita. The country has made significant progress in all of the information and communications technology (Romania is the leader in Europe, and sixth in the world, in terms of the number of certified IT specialists, with density rates per 1,000 inhabitants greater than in the US or Russia. Romania has been successful in developing dynamic telecommunications, aerospace, and weapons sectors. There's no doubt that the most profitable business sector in Romania is the IT and software industry. The analysis that follows refers to the division breakdown (first 2-digit level) of the Statistical classification of economic activities in the European Community (NACE). The country is a major producer of several agricultural products and is presently expanding on fisheries and forestry industries.

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