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Romania

Industrial output growth reached 6.5% year-on-year in February 2013, the highest in the Europe. The largest local companies include car maker Automobile Dacia, Petrom, Rompetrol, Ford Romania, Electrica, Romgaz, RCS & RDS and Banca Transilvania. As of 2020, there are around 6000 exports per month. Romania’s main exports are: cars, software, clothing and textiles, industrial machinery, electrical and electronic equipment, metallurgic products, raw materials, military equipment, pharmaceuticals, fine chemicals, and agricultural products (fruits, vegetables, and flowers). Trade is mostly centred on the member states of the European Union, with Germany and Italy being the country’s single largest trading partners.

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Romania Exports Treemap

Romania has attracted increasing amounts of foreign investment following the end of Communism, with the stock of foreign direct investment (FDI) in Romania rising to €83.8 billion in June 2019.[307] Romania’s FDI outward stock (an external or foreign business either investing in or purchasing the stock of a local economy) amounted to $745 million in December 2018, the lowest value among the 28 EU member states.[307]

Since 1867 the official currency has been the Romanian leu (“lion”) and following a denomination in 2005. After joining the EU in 2007, Romania is expected to adopt the Euro in 2024.

Transportation:

According to the Romania’s National Institute of Statistics (INSSE), Romania’s total road network was estimated in 2015 at 86,080 kilometres (53,488 mi).

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Road Map of Romania

The World Bank estimates the railway network at 22,298 kilometres (13,855 mi) of track, the fourth-largest railroad network in Europe. Bucharest Metro, the only underground railway system, was opened in 1979 and measures 61.41 km (38.16 mi) with an average ridership in 2007 of 600,000 passengers during the workweek in the country. There are sixteen international commercial airports in service today. Over 12.8 million passengers flew through Bucharest’s Henri Coandă International Airport in 2017.

Flag of Romania:

The national flag of Romania is a tricolor with vertical stripes, beginning from the flagpole: blue, yellow and red.

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Flag of Romania

The flag is coincidentally very similar to the civil flag of Andorra and the state flag of Chad. The similarity with Chad’s flag, which is identical apart from allowing a broader range of shades of blue, yellow and red, has caused international discussion. In 2004, Chad asked the United Nations to examine the issue, but then-president of Romania Ion Iliescu announced no change would occur to the flag. The flag of Moldova is related to the Romanian tricolor, except it has a 1:2 ratio, a lighter shade of blue, a slightly different tint of yellow, and the Moldovan coat of arms in the middle.

During the 1970s and 1980s, with Protochronism receiving official endorsement, it was claimed that red, yellow and blue were found on late 16th-century royal grants of Michael the Brave, as well as shields and banners. The colors have attributed to them the following meanings: “Liberty (sky-blue), Justice (field yellow), Fraternity (blood red)”.

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