Romania’s economy is the 19th most complex and sophisticated in the world and should register an average growth of 2.9% until 2030, according to an analysis carried out by experts from Harvard University. It is the best position occupied by Romania since 2000, when the analysis was carried out. Romania’s rise in this ranking is important, considering that our country ranked 39th in 2000. The complexity indicator analyzes both the degree of development of the country and the products and services produced and exported by a country. The most recent data included is for 2020, the first year of the pandemic. In the 1990s, Romania was known internationally as a producer and exporter of products with minimal added value. In recent years, the automotive, electronics and IT industries have developed and the economy has become more complex. According to The Atlas of Complexity, the world’s most sophisticated economies are Japan (1st place), Switzerland (2nd), Germany (3rd), South Korea (4th) and Singapore (5th). The countries in the region are also doing very well, the Czech Republic being sixth and Hungary ninth. Poland, on the other hand, the most developed economy in the region, is on 26th, another proof that not only the size of the GDP matters. In total, over 130 countries from all over the world are analyzed. “Romania is a country with above-average incomes, it is the 44th richest economy by GDP/capita among the 133 studied. In the last five years, GDP/capita grew by an average of 3.9%, above the region’s average,” the analysis states. Harvard economists estimate that the growth rate of the Romanian economy will reach an average of 2.9%/year until 2030. Also, GDP/capita will increase by 3.5%. “Growth will be achieved by using current successes and acquired know-how to develop the production of more complex goods. Currently, Romania is the 19th most complex economy, according to the Economic Complexity Index (ECI). Compared to a decade ago, the economy has become more sophisticated,” is one of the conclusions of the analysis.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
