The economic situation of Romania
The Romanian economy is characterized by high growth, low unemployment, and declining inflation. In the last 5 years Romania consolidated its macroeconomic stability. Its GDP growth rate in real terms was 6.1% in 2007, one of the highest in Europe and it's expected to continue to grow at a steady pace of around 6% a year.
The unemployment rate was 3.9% in December 2007, a low rate compared to other mid-size or large EU countries. The inflation was 14.1% in 2003, but the National Bank’s monetary policy led to a significant decrease to 4.8% in 2006 and 6.5% in 2007. The inflation target for 2008 is 3.8%. To help achieve this target the Romanian National Bank is already taking measures: last month it increased the key interest rate from 7.5 to 8%.
Romania has joined the European Union at January 1st 2007, an important step for the economy and future development. But the future is full of surprises that nobody can predict; if you have 45 seconds you can find out how surprising Romania is:
http://www.youtube.com/watch?v=FWN6SHwyNks&feature=related