There are about 100,000 specialists in the IT sector. Romania has been successful in developing dynamic telecommunications,In 2018 Romania enjoyed one of the largest world market share in machine tools (5.3%). © Transylvania Today® | All Rights Reserved 2020 Romania’s industrial sector falls for the 3rd month in a rowWe use cookies to ensure that we give you the best experience on our website. Factories in Bucharest contributed over 25 percent of all manufacturing value-added in 2018; taken together with factories in surrounding Ilfov, factories in the Bucharest area produced 26 percent of all manufacturing that year. On the occasion of the World Electronics Forum (Paris 2000), the "Worldwide ICT Professionals Market Situation Study" showed that, by 2008, Romania will be the only European country to have excellent IT specialists.The emergence of Romania as a software & IT-exporting country has raised a number of issues for Romanian economic policy.
The country also produces oil and production is not enough for self-sufficiency and Romania still imports gas. More than 600 OEMs manufacturers for automotive supplies established plants in Romania which meets the local market as well as for the export market. The rising budgetary deficit, for example, has had an increasingly adverse impact on the availability of funds for the infrastructure sector. The country has an agricultural capacity of about 14.7 million acres, and only 10 million are arable. The construction industry has been receiving funds from foreign institutions including European Bank for Reconstruction and Development (EBRD) and European Investment Bank (EIB). Industrial production by sector.
Romania is one of the fastest-growing information technology (IT) markets in Central and Eastern Europe. This report presents an overview of industrial relations in the central government and public sector in Romania. Domestic demand is expected to go up 12.7%. Most abundant minerals in the country include halite or sodium chloride.
Some of the main sub-sectors in the service industry include business activities, renting, financial services, transports, restaurants, and trade.
These developments are anticipated to create a variety of new opportunities in Romania's ICT market. Romania has deposits of different types of minerals enough to supply the country’s manufacturing output.
The retail sector is the largest employer in the industry employing about 12% of the population. Agriculture in the country contributes about 8.1% of the GDP. Food, beverages and tobacco (Divisions 10, 11 and 12 of NACE Rev.2). Industry and construction accounted for 32% of gross domestic product (GDP) in 2018, a comparatively large share even without taking into account related services.
Approximately 15,000 of the 40,000 engineers graduating every year in Romania are trained in ICT.The IT market is one of the most dynamic sectors of the Romanian economy.
Then, you should definitely keep reading, as we have prepared for youThere's no doubt that the most profitable business sector in Romania is the IT and software industry.
Country data and ILO results; Africa; Americas; Arab States; Asia and the Pacific; Europe and Central Asia The main academic centers are: Bucharest, Cluj-Napoca, Iași, Timișoara, Brașov, Craiova, and Sibiu.Do you want more information regarding this high developed sector?
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88 industrial parks are spread across Romania, placed under both private and public ownership, most offering capabilities suited for industries like aerospace, IT&C and industry, of which: 14 greenfield, 8 under construction and 66 operational. With the manufacture of over 600,000 vehicles in 2018, Romania was Europe's sixth largest producer of automobiles.
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