19 Million Romanians in an Upper-Middle Income Economy
Part of the European Union since 2007, Romania has attracted a growing number of foreign investment, becoming the single largest investment destination of Southeastern and Central Europe.
Romania boasts the seventh-largest population of the EU with over 19 million people, and its capital and largest city, Bucharest, is the ninth-largest city in the EU. The unemployment rate in Romania stands well below those of other middle-sized or large European countries.
Trade is mostly centered on the EU states, with Germany and Italy being Romania’s largest trade partners. Exports have grown significantly in recent years, with the main exports being automobiles, software, textiles, industrial machinery, metals, raw materials and agricultural products.
Looking to the Future
Fairly homogeneous, Romanians make up 88.6% of the population, while Hungarians make up another 6.5% of the population.
Romania is the fourth-fastest growing country in the world in terms of travel and tourism demand, as people from all over the world discover a land that was once difficult to travel in behind the Iron Curtain. This is opening up new opportunities for business and real estate, as incomes rise and villages are rediscovered. Tourism is the second-largest component of the economy trailing only commerce.
Romania holds great potential for a new real estate brand such as Keller Williams Realty, as the country sits in a unique position in Central Europe. As the rest of Europe crawls out of the economic downturn, Romania is well positioned to find itself at the forefront of a stronger Europe.
Find out more about the country of Romania from Bill, including:
- What Keller Williams Worldwide is looking for in a potential country partner
- Why the Keller Williams Realty story so unique
- How to start the process of finding out if you might be a good match
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