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GDP
2022
Industry's share of GDP is less than 22.5%
GDP size forecast - $0.28 trillion
2021
GDP size - $0.29 trillion
Agriculture's share of GDP - 4.3%
2018
GDP growth
Share of tourism in GDP
Financial system
National Bank of Romania
In August 2022, the National Bank of Romania hired a popular astrologer in the country. The 64-year-old fortune teller Minerva (real name - Gabriela Dima) became a Central Bank employee.
National debt
2023: State debt - 47% of GDP
2017: State debt - 35% of GDP
Inflation
2022
Inflation in November - 15.3%
Inflation in July - 14.96%
Key rate
Energy supplies
2022: Participant in the Three Seas Initiative
Romania is a member of the Three Seas Initiative, aimed at countering Russia.
Gas production
Main article: Import of gas, coal, oil and petroleum products in Europe
2023: €4 billion investment plan for Black Sea gas production
In June 2023, it became known that energy companies OMV Petrom and Romgaz will invest up to 4 billion euros in the Neptun Deep project in the Black Sea, which will produce about 100 billion cubic meters of natural gas per year.
2022: ExxonMobil recognizes gas production in the Black Sea as unprofitable and sells its stake in the joint venture to Romanian Romgaz
power engineering specialists Romania The minister in May 2022 recalled the deposits of energy resources in the Black Sea. "Romania will produce more gas than it consumes, and will export it to,, Bulgaria, Greece but Hungary primarily to," Moldova Popescu said.
The project for the exploration and production of hydrocarbons on the Romanian shelf several years ago was launched by the Austrian OMV Petrom and the American ExxonMobil. However, after due diligence, it was recognized as economically impractical, and gas production on the Black Sea shelf was unprofitable, including due to the nuances of local legislation.
The final investment decision was postponed, and the Americans began to look for who to sell their stake (50%) in the Neptune field. On March 24, 2022, for $1.06 billion, the shares agreed to acquire the Romanian state-owned energy company Romgaz, and a corresponding contract was signed in Bucharest in early May.
As part of a consortium with OMV Petrom, Romania now intends to ensure "energy security" throughout Europe. Or so her energy minister says.
Romania does rank second on the list of EU member states independently producing natural lawn. It produces about 10.5 billion cubic meters of gas per year, producing the bulk of it on land. At the same time, it consumes about 12 billion cubic meters, that is, unlike its neighbors in Eastern Europe, the country is practically independent of imports.
The area of the Romanian shelf is 22 thousand square kilometers, under the Black Sea presumably lies from 170 to 200 billion cubic meters of undiscovered reserves - and theoretically they can be mined until 2040. The Neptune field itself is estimated at 50 billion cubic meters, the Romanian Minister of Energy says about 100 billion. However, compared to onshore drilling operations, offshore projects are significantly more expensive and involve long-term deployment. In addition, they carry a number of specific risks, especially during the first stage of geological exploration. And ExxonMobil understands this well.
The National GTS of Romania was designed back in the 1960s and is theoretically designed for the supply of blue fuel, three times higher than modern volumes. But Romania does not yet have a developed infrastructure for extraction, transportation, underground storage and distribution. And the plan for the modernization of the gas transmission network is designed for a period until 2027.
The Iasi-Ungen-Chisinau pipeline, which, according to the plan of the Romanian authorities, should provide an alternative to gas supplies for Moldova, was commissioned in October 2021. It can transport 6.5 million m3 of gas per day, which theoretically covers the needs of Moldova without taking into account Transnistria.
However, the possibility of gas supplies to Moldova from Romania does not mean physical supplies. They are not yet. And judging by the words of the minister power there will be no until 2026. Therefore, the republic has no choice but to make a "temporary compromise" with Gazprom.
Power
2022
Rise in electricity prices due to pressure on Russia
from
Eleventh place in the EU for the generation of energy by nuclear power plants
2021: Oil is the main source of energy in the country
2020: Energy consumption per capita
and
Romania's largest companies
2020
2018
Bankruptcy dynamics
Information Technology
Information Technology and Communications Markets
Social media
R&D
2020: R&D spending - $1.6 billion
Foreign trade
2022
Germany is the largest export destination
Trade deficit with China
Growth in trade turnover with Russia to $5.5 billion
The Russian-Romanian trade turnover in 2022, despite joining Romania all anti-Russian sanctions during the conflict, slightly To Ukraine increased, amounting to about 5.5 billion, Russian dollars Ambassador to Bucharest Valery Kuzmin said in February 2023.
2019: Computer Device Exports
2018: $1.2 billion in wheat exports
Tourism
2019: More than 2% of the population went on tourist trips. Italy is the most popular country
2018: Tourism revenue
Salaries
2023: Minimum wage - $393
2018: Salaries of top officials in government management
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2017: Average monthly salary
Labour market
2022: Proportion of workers aged 65 or over - less than 5%
Unemployment
2022: Unemployment rate - 5.3%
2020: Unemployment rate - 7.9%
Agriculture
2019: Low use of pesticides in agriculture
Consumption
Tea
2018: Per capita tea consumption per kg per year
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Milk
2018: Milk consumption in litres per year per person
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Meat
2023: Pork is the most consumed type of meat
2019: Pork is the most consumed type of meat
Beer
2019: Beer consumption in litres per year per person
Alcohol market
Minimum age to purchase alcoholic beverages
Automotive market
2021: 420,000 cars produced
Food industry
2021: Cheese production - 5.2 kg per capita
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