Romania. Facts
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EU member:
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Yes, Since 1st of January, 2007
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Location:
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South-eastern and Central Europe
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Official Language:
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Romanian
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Population:
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22,215,421.00 (2009 estimate)
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Widely used currencies:
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€, ₤, $
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HDI (human development index):
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High
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Time zone:
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EET (UTC +2)
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Government support for IT & Software industry:
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Good*
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Income tax for corporate business:
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16%
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Income tax for programmers:
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0%
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GDP evolution(estimates):
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2010
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2011
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+0.5%
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+4.2% **
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+1.3%
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+2.3% ***
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IT industry contribution to national GDP:
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10% (in 2008)
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Language:
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Good*
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Labour pool:
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Good*
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Infrastructure:
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Fair*
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Educational system:
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Good*
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Political and economic environment:
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Good*
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Cultural compatibility:
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Good*
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Global and legal maturity:
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Good*
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Data and intellectual property security and privacy:
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Good*
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Cost:
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Very good*
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*
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source: GARTNER 2007
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**
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source: World Bank estimate, Jan 2010
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***
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source: EBRD estimate, Jan 2010
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“Exports have stabilized, and domestic liquidity has eased over the past few months, which should support economic recovery later this year,” Moody’s posted in a January 2010 report.
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