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.
East Grain Group and Poultry Investment SA have acquired the 45% stake previously held by UBM Group in UBM Feed Romania, thus becoming equal shareholders in one of Romania's largest feed producers, which will now operate under the brand Protena. East Grain is controlled by Czech agri-food group Agrofert, one of the largest agribusiness groups […]
The Foreign Investors Council (FIC) has appointed Ruxandra Băndilă as its executive director. Băndilă will coordinate FIC's activity and "will contribute to strengthening the dialogue with authorities, consolidating the organization's positioning as a reliable partner in promoting a stable and predictable business environment, as well as supporting Romania's becoming a competitive and attractive destination for […]
Romania’s European projects and investments minister, Dragoș Pîslaru, announced that he will notify the European Public Prosecutor’s Office (EPPO) regarding the purchase of electric minibuses for students with EU funds. The minister said that “multiple dysfunctions” were noted in how the EU funds were used in the project. Aside from notifying the EPPO, the minister […]
Only about 44% of employees in Romania say they have used AI in the past year, while the average usage rate in the 48 countries included in the report was 57%, according to the PwC Workforce Hopes and Fears Survey 2025 report. India and Vietnam are at the top, with 84%, followed by China (78%). […]
A new four-star hotel is set to rise next to Bucharest’s Henri Coandă International Airport, following a EUR 45.5 million investment announced by real estate developer D. GROUP. The Wyndham Garden Bucharest Airport Hotel, scheduled to open in July 2027, will introduce the Wyndham Garden brand to Romania for the first time. Located 150 metres […]
Romania ranks 3rd in a European heatwave vulnerability ranking and will experience 3 heatwave events annually, lasting 17 cumulative days with average temperatures of 36.82°C, placing it ahead of all Mediterranean countries, according to new research from climate system experts at Reinders Corporation. The study analysed climate modelling data, heatwave frequency, and average temperatures across […]
