Most abundant minerals in the country include halite or sodium chloride. © 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. Romanian-based companies such as Romania's industrial output is expected to advance 7% in 2018, while agriculture output is projected to grow 12%. In the past few years, there has been a rise in the number of big stores like the hypermarkets and Carrefour which is a subsidiary of the French retail store.All maps, graphics, flags, photos and original descriptions © 2020 worldatlas.com Romania has been successful in developing dynamic telecommunications,In 2018 Romania enjoyed one of the largest world market share in machine tools (5.3%). I simply love teaching Romanian and I’m looking forward to sharing my enthusiasm for languages with you. There's no doubt that the most profitable business sector in Romania is the IT and software industry. Industry generates about 35% of Romania's gross domestic product (GDP).Romania is the 11th largest arms supplier in the world. The Romanian arms industry's main customer, for whom they mainly build warships, vehicles, and equipment, is the Romanian Government. The country has an agricultural capacity of about 14.7 million acres, and only 10 million are arable. The primary challenge facing agriculture in Romania is the lack of significant investment because of difficulty to access available funds, severe soil erosion, and obsolete technology.
Romania is aggressively promoting and developing its biotechnology industry. Critics have pointed out that Romania's economic structure is highly dependent on human resources that do require skilled labor, making economic growth highly vulnerable to fluctuations in the demand and pricing for these IT % software resources. And that, for good reason.
Romania’s industrial output declined in August for the third month in a row, as external and internal demand falls, raising questions regarding the sustainability of the current government policies, says Business-Review.eu.. Official data show that industrial output dropped by 7 percent year-on-year in August, following two months of decline – by 6.6 percent in June and by 3 percent in July.
Furthermore, the Romanian Ministry of Environment and Water Management is making efforts to align the Romanian environment standards with the European standards. Romania is now an emerging center in Europe, and the automotive market has been growing on an average of 18% annually, and projections for 2009 is expected to exceed €20 billion euros by 2020. Depending on each type of activity, the investments can go from a few thousand euros in case of micro-farms or small primary processing units, up to million if one desires the purchase of large agricultural areas. The retail sector is primarily concentrated in many small retail stores which are found mainly in the shopping malls.
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