* CeeInd - "The leading Industrial Portal dedicated to the Growth market of Central and Eastern Europe for Business and Partner Search in CEE" > Stiga RM Sets €10 Million Expansion for Birch Plywood Mill in Kuldīga, Boosting Production and Sustainability > Intersurgical Invests €10 Million in Lithuanian Expansion for Advanced Medical Device Manufacturing > Prague Set to Transform Historic Strahov Stadium into a €400 Million Tech Hub > Walki Set to Boost Employment and Expand Eco-Friendly Packaging Production in Wrocław > Austrotherm Bulgaria Boosts Sofia Plant with €1.6 Million Investment for Sustainable Thermal Insulation Production > MR DIY Set to Launch Its Entry into the Polish Market with New Logistics Hub in Central Europe > Romania Boosts Recycling Industry with €200 Million in Grants Scheduled for May > STIHL Expands Global Manufacturing with Eco-Friendly Battery Factory in Oradea, Romania > Symmetrica Announces EUR 48 Million Investment in Southeastern Europe's Largest Concrete Pavements Factory Near Bucharest > Ussuri Capital to Establish Groundbreaking Low-Carbon Steel Plant in Romania with Major Investment > Senneville Plans Expansion with a €12 Million Factory Investment in Hunedoara County > Fibenol Announces €700 Million Investment in Groundbreaking Biorefinery Project in Latvia >AB Akola Group Announces €9.5 Million Investment in Innovative Seed Factory in Latvia for 2025 >Schneider Electric Launches €55 Million Advanced Manufacturing Facility in Plovdiv, Bulgaria, Bolstering Regional Economy > Mondi Stambolijski's Innovative Water Conservation Efforts Slash Usage by 30% in Bulgaria's Pulp and Paper Industry > LG Energy Solution Wrocław Marks 5 Years: Powering Poland's Lead in EU Electric Vehicle Battery Market > Etron Technology Selects CTPark Oradea for New Romanian Production Facility: Expanding European Presence > EXPLAST Slovakia Inaugurates State-of-the-Art Plant in Nitra: Expanding Plastic Granulate Distribution > Volkswagen Invests $1.1 Billion in New Van Production Facility in Poland, Boosting Job Creation and Local Economy > TRILUX Group and Panattoni Break Ground on First Eco-Friendly Lighting Factory in Central and Eastern Europe > Hyundai Motor Co. Confirms Advancement of New Car Manufacturing Plant in Eastern Czech Republic, CTK Reports Jaguar Land Rover to Expand Production with New Slovakian Plant: Land Rover Defender Leads the Way > Mondi Boosts Production and Sustainability with Advanced Equipment investment at Slovak Paper Mill > Estonian Firm Fibenol Commits €700 Million to Latvian Biorefinery, Pioneering Sustainable Biomaterials Production > ncap Slovakia Enhances Electronics Manufacturing with Advanced Machinery in CEE > Black Bruin Expands Eastern European Presence with New Dealership Agreements in Bulgaria, Czech Republic, and Slovakia > Grolman Group Broadens Partnership with Oxerra to Distribute Specialty Chemicals Across Europe > Hornbach Expands in Slovakia with Fifth Store Opening in Nitra: A €21 Million Investment > Avesco Expands Distribution of Sandvik Construction Equipment to Six New European Countries > Kansai Helios Partners with The Nordic Mark to Strengthen Czech Distribution Network > EvoQuip Appoints PROMTECHSERVIS as Official Distributor in Ukraine, Strengthening Its Market Presence > Orbico Group Launches Largest Logistics Center in Croatia with Advanced Mecalux Storage System > ZF Inaugurates Pioneering Zero-Emission Manufacturing Hub in Klášterec, Czech Republic > Nexen Tire Gears Up for Major Expansion in Czech Plant, Eyes Production Boost > Expanding Horizons: Samsung SDI Boosts CEE Presence with Third Factory in Hungary for Advanced EV Batteries > Borealis Acquires Leading Bulgarian Plastic Bag Recycling Firm Integra Plastics > Maxcess's New Łubowo Plant: Elevating Central Europe's Manufacturing & Sustainability Standards < Business Partner search for distributors and agents in CEE > Thimm Allocates €10m for Enhanced Operational Efficiency and Production in Poland > POSCO International Launches EV Parts Factory in Poland: A Strategic Move for Green Mobility and Investment Surge in CEE > Nestlé Purina Enhances Pet Food Manufacturing in Hungary with Significant Investment > Estonia: Billion-Euro Green Methanol Plant in Pärnu: Power2X's Investment Sparks Sustainable Energy Revolution > Liebherr Launches €17 Million Concrete Truck Plant in Plovdiv, Marks Third Major Investment > German-Origin Brands Lead the Way in Hungary's DIY Market, with Obi at the Forefront > ... CeeInd - ''The leading Industrial Portal dedicated to the Growth market of Central and Eastern Europe >LG Energy Solution Wrocław Marks 5 Years: Powering Poland's Lead in EU Electric Vehicle Battery Market > Outlook on Central Europe's Polymer Industry for 2024: A Review of the 2023 Landscape > Etron Technology Selects CTPark Oradea for New Romanian Production Facility: Expanding European Presence > Central and Eastern Europe: Emerging as a Key Player in the Global Supply Chain Transformation > TRILUX Group and Panattoni Break Ground on First Eco-Friendly Lighting Factory in Central and Eastern Europe > Hyundai Motor Co. Confirms Advancement of New Car Manufacturing Plant in Eastern Czech Republic, CTK Reports >Poland Emerges as Finland's 7th Largest Global Export Partner in 2023 > Prague Set to Transform Historic Strahov Stadium into a €400 Million Tech Hub > Walki Set to Boost Employment and Expand Eco-Friendly Packaging Production in Wrocław > Biovoima expands to Poland > Trasmec Group Expands with State-of-the-Art Romanian Production Facility: A Leader in Conveyor Systems Manufacturing > GLP Plans Major Expansion at Wrocław Logistics Hub, Strengthening Central Eastern Europe's Supply Chain Infrastructure > Expanding Telecom Frontiers: HFCL Launches New Optical Fiber Cable Plant in Poland to Power Growth in Central Eastern Europe > Shanghai Unison Aluminium Invests €35 Million in New Bulgarian Automotive Plant Near Plovdiv > Rail Cargo Group Expands European Network with New Routes to Germany and Turkey via Romania > Nestlé Purina Enhances Pet Food Manufacturing in Hungary with Significant Investment > Estonia: Billion-Euro Green Methanol Plant in Pärnu: Power2X's Investment Sparks Poland Emerges as Finland's 7th Largest Global Export Partner in 2023 > Sustainable Energy Revolution > Borealis Expands Recycling Capacity with Acquisition of Bulgarian Specialist Integra Plastics > The Polish Construction Market Sees Notable Growth in Early 2024 > MR DIY Set to Launch Its Entry into the Polish Market with New Logistics Hub in Central Europe > Romania Boosts Recycling Industry with €200 Million in Grants Scheduled for May > Ussuri Capital to Launch Advanced Steel Manufacturing Facility in Romania with a Focus on Low-Carbon Production > Incap Slovakia Enhances Electronics Manufacturing with Advanced Machinery in CEE > Atlantic Stark Announces Factory Expansion in Belgrade: Boosting Confectionery Production and Growth in CEE > Kumho Tire Targets European Expansion with $750 Million Investment for New Plant > Vestas Announces Strategic Expansion with Second Offshore Wind Factory in Poland for 2026 > Mondi Boosts Slitting Capabilities in Slovakia, Strengthening CEE Product Range > Nokian Tyres investment in Romania to help support growth in CEE Market > Maxcess's New Operational Hub in Łubowo, Poland Elevates Manufacturing and Sustainability in Central Europe > Thimm Allocates €10m for Enhanced Operational Efficiency and Production in Poland > POSCO International Launches EV Parts Factory in Poland: A Strategic Move for Green Mobility and Investment Surge in CEE > ZF Inaugurates Pioneering Zero-Emission Manufacturing Hub in Klášterec, Czech Republic > Nexen Tire Gears Up for Major Expansion in Czech Plant, Eyes Production Boost > Expanding Horizons: Samsung SDI Boosts CEE Presence with Third Factory in Hungary for Advanced EV Batteries > Finland's Renta Group Expands into Polish Market with Acquisition of Scaffolding Group > 3 different 2024 Economic Growth Predictions for Poland > Windar Renovables Announces EUR 70 Million Investment in New Polish Factory for Wind Energy Infrastructure > Northvolt Expands in Gdańsk with New Business Scaling and R&D Centers > Polish Government Awards Aira EUR 15M for Advanced Manufacturing Facility > Drutex Launches EUR 183M Project for Second Manufacturing Plant Expansion > Cemex Launches Revamped Concrete Facility in Czech Republic > LDZ Cargo Advances in Baltic Region with Expansions in Estonia and Lithuania > Poland: InvestEU - 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Country Profile
Înapoi

The largest of the Balkan countries, Romania has dramatic mountain scenery and a coastline on the Black Sea.

It has seen numerous empires come and go from the Roman, to the Ottoman, to the Austro-Hungarian.

After World War II the country was under communist rule although the leadership pursued a foreign policy independent of that of the Soviet Union.

Romania, a slower developer than other former communist countries of eastern Europe, took a major step away from its past when it was one of seven countries to join Nato in late March 2004. Its strategic location and Black Sea air and naval bases make it attractive to the alliance.
Romanian's celebrate joining the EU Romania joined the European Union in 2007
Continue reading the main story   
At a glance

    Politics: Traian Basescu has been president since 2004. In May 2012, Victor Ponta became Romania's third prime minister in less than six months. He leads a centre-left government
    Economy: After years of growth, Romania was hit by the global financial downturn. In 2010, it implemented austerity measures demanded in an IMF-led bailout
    International: Romania joined Nato in 2004 and the EU in 2007

Country profiles compiled by BBC Monitoring

There have been several complex exchanges of territory over the years, not least when the area formerly known as Bessarabia went to the USSR following a pact between Hitler and Stalin. That region now forms a large part of the Republic of Moldova. Romanian, a Romance language, is essentially the same as Moldovan although the latter has undergone more influence from Russian.

The legacy of communist-era leader Nicolae Ceausescu, who was feared and loathed in approximately equal measure, lingered long after the uprising which brought his execution on Christmas Day 1989.

Former communists dominated politics until 1996 when a centrist government came to power. It became involved in prolonged political feuding which did little or nothing to promote economic reform. The left returned in 2000 when Ion Iliescu was re-elected president.

Failure to push ahead sufficiently with reforms meant that the country was not on the list of new EU members four years later. However, in April 2005 Bucharest signed the EU accession treaty, paving the way for Romania eventually to join the union in January 2007.

The Romanian economy suffered badly in the global financial crisis of 2008, prompting the government to launch a draconian austerity programme in 2010. This led to major street rallies and clashes with police in January 2012, which brought down the government of Prime Minister Emil Boc and ushered in a period of political instability.