Romania

Romania is a developing, upper-middle-income EU economy — the largest in southeastern Europe — that has grown rapidly since joining the bloc in 2007, sharply narrowing the gap with Western Europe.

Foreign investment in manufacturing and a booming IT sector have driven growth, though corruption, infrastructure gaps, and worker emigration remain challenges. Romania keeps its own currency, the leu.

Key Sectors

Key sectors include automotive (Dacia) and vehicle parts, machinery and electronics, information technology and software (a regional hub), agriculture on Europe's fertile plains, and energy, including domestic oil and gas.