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Romania Facts and Figures

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Facts About Romania

Information Type Romania Data
Population 19,237,691 (June 2020 est.)
Gross Domestic Product (GDP) $275 billion (2020 est.)
GDP Per Capita $13,000  (2020 est.)
Inflation Rate 2.2% (2020)
Currency Lei (RON)
Exchange Rate Versus U.S. Dollar 4.11 Lei = 1 U.S. Dollar (June 2016)
Language Romanian
Capital Bucharest
Population of Capital City 1,803,247 (2020
Time Zone GMT plus 2
Seasons Distinct seasons: dry, warm springs; wet, hot summers; dry, cool autumns; cold, snowy winters
International Dialing Code 40
Electricity 230V / 50 Hz; Plug Types: C, F
System of Government Unitary Semi-Presidential Republic
Name Of Current Leader Klaus Werner Iohannis (Since December 2014)
Income Tax Rate for Residents 16%
Property Tax 0.1% to 0.2%
Capital Gains Tax Income from the sale of real property is taxed between 1-3%
Inheritance Tax No, but notary fees may apply.
Rental Income Tax Taxed at income tax rate
Transfer Tax 0.5% to 3%
Sales Tax 24%, 9% and 5%
Restrictions on Foreign
Ownership of Property
Foreigners cannot own land directly; must hold through a Romanian corporation
Local Chamber of Commerce http://ccir.ro/en/
22 Nicolae Balcescu Boulevard, Sector 1
Bucharest 79502
Tel: (0040-01) 61 547 03 06
American Chamber of Commerce www.amcham.ro
11 Ion Campineanu Street
Union International Center, 5th Floor
Bucharest 010031
Tel: (0040) 21 312 48 34
Primary Exports textiles, footwear, metals, metal products, machinery and equipment, minerals, fuels, chemicals, agricultural products
Residency and Visa Requirements Tourist Visa: 90 days upon entry

Residency: work, temporary resident, permanent stay visas

Citizenship: after 5 years of legal residence and proficiency in the Romanian language, culture, and history

Special Benefits for Foreign Residents or Retirees None
National Airline Romanian Air Transport (TAROM)
www.tarom.ro

More Resources From Romania

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