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Romania Business Report

General information
Source: The World Factbook - Central Intelligence Agency
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Population
21,529,967 (July 2017 est.)
GDP (PPP)
$481.5 billion (2017 est.)

Third largest economy in Eastern Europe

GDP growth rate
7% (2017 est.)

High and accelerating from an already healthy rate (4.5%)

GDP (PPP) per capita
$24,500 (2017 est.)

Medium

Local currency
Lei (RON)

Stable for the past 4 years

Financial stability (Public debt)
36.9% of GDP (2017 est.)

Low to medium

Inflation
1.3% (2017 est.)

Low but rebounding from deflation in 2016

Language
Romanian

Corruption perception index (Source: Transparency International)
59/180

Medium to high level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT

19%
Corporate Tax

16% standard rate 1-3% special rate on revenue for companies with revenues up to 1M EUR
Duties

EU rules apply

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If you are interested in doing business in Romania, or in finding Romanian manufacturing companies, we can help you.

Thousands of companies in Romania and Romanian SMEs use Globartis for their operations.

Join our network today and find the right partner for your Romania business.

Connect with a Romanian manufacturer or Romania importer, or source among Romania export to find the right product.

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