:

chief of mission: Ambassador Adrian Cosmin VIERITA
chancery: 1607 23rd Street NW, Washington, DC 20008
telephone: [1] (202) 332-4846, 4848, 4851, 4852
FAX: [1] (202) 232-4748
consulate(s) general: Chicago, Los Angeles, New York

Diplomatic representation from the US:

chief of mission: Ambassador Nicholas F. TAUBMAN
embassy: Strada Tudor Arghezi 7-9, Bucharest
mailing address: pouch: American Embassy Bucharest, US Department of
State, 5260 Bucharest Place, Washington, DC 20521-5260 (pouch)
telephone: [40] (21) 200-3300
FAX: [40] (21) 200-3442

Flag description:

three equal vertical bands of blue (hoist side), yellow, and red;
the national coat of arms that used to be centered in the yellow
band has been removed; now similar to the flag of Chad, also
resembles the flags of Andorra and Moldova

Economy
Romania

Economy - overview:

Romania, which joined the European Union on 1 January 2007, began
the transition from Communism in 1989 with a largely obsolete
industrial base and a pattern of output unsuited to the country's
needs. The country emerged in 2000 from a punishing three-year
recession thanks to strong demand in EU export markets. Domestic
consumption and investment have fueled strong GDP growth in recent
years, but have led to large current account imbalances. Romania's
macroeconomic gains have only recently started to spur creation of a
middle class and address Romania's widespread poverty. Corruption
and red tape continue to handicap its business environment.
Inflation rose in 2007 for the first time in eight years, driven in
part by the depreciation of the currency, rising energy costs, a
nation-wide drought affecting food prices, and a relaxation of
fiscal discipline. Romania hopes to adopt the euro by 2014.

GDP (purchasing power parity):

$247.1 billion (2007 est.)

GDP (official exchange rate):

$166 billion (2007 est.)

GDP - real growth rate:

6% (2007 est.)

GDP - per capita (PPP):

$11,100 (2007 est.)

GDP - composition by sector:

agriculture: 7.9%
industry: 35.6%
services: 56.5% (2007 est.)

Labor force:

9.3 million (2007 est.)

Labor force - by occupation:

agriculture: 29.7%
industry: 23.2%
services: 47.1% (2006)

Unemployment rate:

4.1% (2007 est.)

Population below poverty line:

25% (2005 est.)

Household income or consumption by percentage share:

lowest 10%: 1.2%
highest 10%: 20.8% (2006)

Distribution of