eaders:
Chief of State:
President Ion ILIESCU (since 20 June 1990, previously President of
Provisional Council of National Unity since 23 December 1989)
Head of Government:
Prime Minister Nicolae VACAROIU (since November 1992)
Member of:
BIS, BSEC, CCC, CSCE, EBRD, ECE, FAO, G-9, G-77, GATT, IAEA, IBRD, ICAO,
IFAD, IFC, ILO, IMF, IMO, INMARSAT, INTELSAT, INTERPOL, IOC, IOM (observer),
ITU, LORCS, NACC, NAM (guest), NSG, PCA, UN, UNCTAD, UNESCO, UNIDO, UNIKOM,
UPU, WHO, WIPO, WMO, WTO, ZC
Diplomatic representation in US:
chief of mission:
Ambassador Aurel-Dragos MUNTEANU
chancery:
1607 23rd Street NW, Washington, DC 20008
telephone:
(202) 232-4747, 6634, 5693
FAX:
(202) 232-4748
US diplomatic representation:
chief of mission:
Ambassador John R. DAVIS, Jr.
embassy: Strada Tudor Arghezi 7-9, Bucharest
mailing address:
AmConGen (Buch), Unit 25402, APO AE 09213-5260
telephone:
[40] (0) 10-40-40
FAX:
[40] (0) 12-03-95
Flag:
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 flags of Andorra and Chad

*Romania, Economy

Overview:
Industry, which accounts for about one-third of the labor force and
generates over half the GDP, suffers from an aging capital plant and
persistent shortages of energy. The year 1991 witnessed a 17% drop in
industrial production because of energy and input shortages and labor
unrest. In recent years the agricultural sector has had to contend with
flooding, mismanagement, shortages of inputs, and disarray caused by the
dismantling of cooperatives. A shortage of inputs and a severe drought in
1991 contributed to a poor harvest, a problem compounded by corruption and
an obsolete distribution system. The new government has instituted moderate
land reforms, with more than one-half of cropland now in private hands, and
it has liberalized private agricultural output. Private enterprises form an
increasingly important portion of the economy largely in services,
handicrafts, and small-scale industry. Little progress on large scale
privatization has been made since a law providing for the privatization of
large state firms was passed in August 1991. Most of the large state firms
have been converted into joint-stock companies, but the selling of shares
and assets to private owners has been dela