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Romania

The original report was published in the USA Today on Thursday, September 22, 2011

Streets of Sighisoara, birthplace of Vlad Tepes and UNESCO World Heritage Site in the heart of Transylvania
Romania is rich in history and scenic beauty. Relatively unspoilt and undiscovered areas such as Transylvania offer investors significant development potential
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One of the country’s oldest companies has opened up partnership opportunities to capitalize on one of the safest, cleanest and most cost-effective sources of energy
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The Romanian private healthcare sector has grown significantly and is one of the fastest developing markets in Central and Eastern Europe.
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One of the Niro Investment Group’s most important business endeavors is its Red Dragon trading area
With Eastern Europe’s largest Chinese trading area and an energy project being developed in collaboration with the U.S., solid international partnerships are transforming the way Romania does business
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Romania is committed to strengthening its strategic partnership with the U.S., especially in the area of economics and trade relations
Two decades after the fall of Communism and only four years since its entry into the European Union (EU), Romania is becoming a vibrant center for business, with some of the strongest prospects in the European Union.
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Romania is set to grow by 1.5% in 2011, providing U.S. investors with a highly attractive access point to the EU
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Nicolae Dumitru, President of Niro Investment Group
Niro Investment Group comprises more than 20 different companies that are involved in a wide range of sectors, and it is looking to strengthen its relationships with China and the U.S.
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United World

LOCATION:
Southeastern Europe, bordering the Black Sea, between Bulgaria and Ukraine

POPULATION:
21,904,551 (July 2011 est.)
country comparison to the world: 54

CAPITAL:
name: Bucharest

AREA - comparative:
slightly smaller than Oregon

CLIMATE:
temperate; cold, cloudy winters with frequent snow and fog; sunny summers with frequent showers and thunderstorms

GDP - composition by sector:
Agriculture: 12.2%
Industry: 37.6%
Services: 50.2% (2010 est.)

AGRICULTURE - products:
wheat, corn, barley, sugar beets, sunflower seed, potatoes, grapes; eggs, sheep

INDUSTRIES:
electric machinery and equipment, textiles and footwear, light machinery and auto assembly, mining, timber, construction materials, metallurgy, chemicals, food processing, petroleum refining

EXPORTS:
$52.15 billion (2010 est.)
country comparison to the world: 53
$40.71 billion (2009 est.)

EXPORTS - commodities:
machinery and equipment, textiles and footwear, metals and metal products, machinery and equipment, minerals and fuels, chemicals, agricultural products

EXPORTS - partners:
Germany 18.8%, Italy 15.4%, France 8.2%, Turkey 5%, Hungary 4.3% (2009)