Romania
- Abstract
- Summary
- Comparative Statistical Analysis
- Strengths and Weakness
- Instruments ratifications
- Historical Data
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Wikipedia Country Information
Romania ( (listen) ro-MAY-nee-ə; Romanian: România [romɨˈni.a] (listen)) is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It shares land borders with Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, and Moldova to the east and has its opening to the Black Sea. It has a predominantly temperate-continental climate. With a total area of 238,397 square kilometres (92,046 square miles), Romania is the twelfth-largest country in Europe and the sixth-most populous member state of the European Union, having approximately 19.3 million inhabitants (as of 2020). Its capital and largest city is Bucharest. Other major urban areas include Cluj-Napoca, Timișoara, Iași, Constanța, Craiova, Brașov, and Galați.
The River Danube, Europe's second-longest river, rises in Germany's Black Forest and flows in a generally southeasterly direction for 2,857 km (1,775 mi), coursing through ten countries before emptying into Romania's Danube Delta. The Carpathian Mountains, which cross Romania from the north to the southwest, include Moldoveanu Peak, at an altitude of 2,544 m (8,346 ft).Modern Romania was formed in 1859 through a personal union of the Danubian Principalities of Moldavia and Wallachia. The new state, officially named Romania since 1866, gained independence from the Ottoman Empire in 1877. Following the outbreak of World War I, after declaring its neutrality in 1914, Romania fought on the side of the Allied Powers beginning in 1916. Afterwards Bukovina, Bessarabia, Transylvania as well as parts of Banat, Crișana, and Maramureș became part of the sovereign Kingdom of Romania. In June–August 1940, as a consequence of the Molotov–Ribbentrop Pact and Second Vienna Award, Romania was compelled to cede Bessarabia and Northern Bukovina to the Soviet Union, and Northern Transylvania to Hungary. In November 1940, Romania signed the Tripartite Pact and, consequently, in June 1941 entered World War II on the Axis side, fighting against the Soviet Union until August 1944, when it joined the Allies and recovered Northern Transylvania. Following the war, under the occupation of the Red Army's forces, Romania became a socialist republic and a member of the Warsaw Pact. After the 1989 Revolution, Romania began a transition towards democracy and a market economy.
Romania ranks 52nd in the Human Development Index, and is a developing country with a high-income economy. It has the world's 45th largest economy by nominal GDP, with an annual economic growth rate of 3.5% as of 2020. Following rapid economic growth in the early 2000s, Romania has an economy based predominantly on services and is a producer and net exporter of machines and electric energy, featuring companies like Automobile Dacia and OMV Petrom. It has been a member of the United Nations since 1955, part of NATO since 2004, and part of the European Union since 2007. The vast majority of the population identifies as ethnic Romanian and Eastern Orthodox Christian and are native speakers of Romanian, a Romance language.
Instruments ratified: | 167 / 282 |
---|---|
World Average Ratifications: | 114 / 282 |
Ratification rate: | 57.65% |
World Average Rate: | 41.25% |
Weighted score: | 63.14% |
World Average Weighted Score: | 41.25% |
World rank: | 30 / 194 |
Eastern Europe rank: | 6 / 10 |
Eastern Europe Avg. Ratifications: | 160 / 282 |
Europe Union rank: | 25 / 28 |
Europe Union Avg. Ratifications: | 180 / 282 |
Transition economy rank: | 10 / 28 |
Transition economy Avg. Ratifications: | 141 / 282 |
CONTRACTS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
---|---|---|---|---|---|
Agency | 0/2 | 0.00% | 2.00% | 8 | Weak |
Conflict of laws | 0/7 | 0.00% | 3.00% | 27 | Weak |
E-commerce | 0/3 | 0.00% | 18.00% | 70 | Weak |
Franchising | 0/1 | 0.00% | 0.00% | 1 | Average |
Leasing/Factoring | 0/2 | 0.00% | 5.00% | 13 | Weak |
Principles, trade usages and standards | 0/2 | 0.00% | 0.00% | 1 | Average |
Procurement | 1/4 (25.00%) | 21.43% | 3.00% | 1 | Strong |
Sale of Goods | 3/5 (60.00%) | 81.82% | 25.00% | 2 | Strong |
Travel contracts | 0/1 | 0.00% | 3.00% | 7 | Weak |
Total | 4 | 17.39% | 9.00% | 25 | Strong |
CUSTOMS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Customs Codification | 2/3 (66.67%) | 100.00% | 78.00% | 1 | Strong |
Customs Cooperation | 2/6 (33.33%) | 40.00% | 26.00% | 48 | Strong |
Exemption from Duties | 6/9 (66.67%) | 66.67% | 30.00% | 23 | Strong |
Temporary Admission | 8/11 (72.73%) | 82.35% | 28.00% | 18 | Strong |
Transit | 2/4 (50.00%) | 72.73% | 28.00% | 17 | Strong |
Total | 20 | 70.65% | 31.00% | 23 | Strong |
DISPUTE RESOLUTION | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Arbitration | 3/6 (50.00%) | 35.00% | 32.00% | 73 | Weak |
Judicial cooperation | 5/5 (100.00%) | 100.00% | 36.00% | 1 | Strong |
Recognition of foreign judgments | 0/2 | 0.00% | 2.00% | 6 | Weak |
State court jurisdiction | 1/4 (25.00%) | 100.00% | 14.00% | 1 | Strong |
State court procedure | 0/1 | 0.00% | 6.00% | 12 | Weak |
State immunities | 1/1 (100.00%) | 100.00% | 11.00% | 1 | Strong |
Total | 10 | 68.00% | 29.00% | 10 | Strong |
ENVIRONMENT AND PRODUCTS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Air | 4/5 (80.00%) | 80.00% | 86.00% | 59 | Weak |
Chemicals | 1/1 (100.00%) | 100.00% | 78.00% | 1 | Strong |
Energy | 2/2 (100.00%) | 100.00% | 25.00% | 1 | Strong |
Flora and fauna | 6/10 (60.00%) | 65.22% | 68.00% | 91 | Weak |
Foodstuff | 2/2 (100.00%) | 100.00% | 79.00% | 1 | Strong |
General | 1/1 (100.00%) | 100.00% | 95.00% | 1 | Weak |
International watercourses | 0/1 | 0.00% | 18.00% | 36 | Weak |
Maritime and Law of the Sea | 11/26 (42.31%) | 48.91% | 46.00% | 97 | Weak |
Protected geographical areas | 1/1 (100.00%) | 100.00% | 27.00% | 1 | Strong |
Waste | 1/1 (100.00%) | 100.00% | 93.00% | 1 | Weak |
Total | 29 | 64.06% | 61.00% | 88 | Weak |
FINANCE, PAYMENTS AND INSOLVENCY | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Assignment of receivables | 0/1 | 0.00% | 1.00% | 2 | Weak |
Bankruptcy and insolvency | 1/1 (100.00%) | 100.00% | 21.00% | 1 | Strong |
Bills of exchange and promissory notes | 0/4 | 0.00% | 8.00% | 43 | Weak |
Cheques | 0/3 | 0.00% | 13.00% | 36 | Weak |
Credit transfers | 0/1 | 0.00% | 0.00% | 1 | Average |
International guarantees | 0/3 | 0.00% | 20.00% | 75 | Weak |
Total | 1 | 12.20% | 12.00% | 85 | Weak |
GOOD GOVERNANCE | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Corruption | 2/4 (50.00%) | 66.67% | 50.00% | 34 | Strong |
Cultural Property | 4/4 (100.00%) | 100.00% | 54.00% | 1 | Strong |
Drugs | 3/3 (100.00%) | 100.00% | 95.00% | 1 | Weak |
Insider Trading | 0/1 | 0.00% | 4.00% | 9 | Weak |
Organized crime | 2/2 (100.00%) | 100.00% | 80.00% | 1 | Strong |
Total | 11 | 90.38% | 68.00% | 7 | Strong |
HUMAN RIGHTS AND LABOUR STANDARDS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Human Rights | 7/7 (100.00%) | 100.00% | 96.00% | 1 | Weak |
Labour Standards | 8/8 (100.00%) | 100.00% | 86.00% | 1 | Strong |
Total | 15 | 100.00% | 91.00% | 1 | Average |
INSTITUTIONAL PARTICIPATION | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Dispute Resolution | 0/1 | 0.00% | 39.00% | 77 | Weak |
International Trade Law | 10/10 (100.00%) | 100.00% | 73.00% | 1 | Strong |
Trade support institutions | 5/6 (83.33%) | 83.33% | 51.00% | 29 | Strong |
Total | 15 | 88.24% | 63.00% | 36 | Strong |
INTELLECTUAL PROPERTY | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Broadcasting | 1/1 (100.00%) | 100.00% | 47.00% | 1 | Strong |
Copyright | 2/3 (66.67%) | 90.91% | 65.00% | 48 | Strong |
Industrial designs | 2/2 (100.00%) | 100.00% | 31.00% | 1 | Strong |
Integrated circuits | 0/1 | 0.00% | 2.00% | 4 | Weak |
Neighboring Rights | 3/3 (100.00%) | 100.00% | 46.00% | 1 | Strong |
Origin | 1/3 (33.33%) | 33.33% | 14.00% | 24 | Strong |
Patents | 5/5 (100.00%) | 100.00% | 57.00% | 1 | Strong |
Trademarks | 6/6 (100.00%) | 100.00% | 33.00% | 1 | Strong |
Varieties of plants | 1/1 (100.00%) | 100.00% | 37.00% | 1 | Strong |
Total | 21 | 91.58% | 42.00% | 5 | Strong |
INVESTMENTS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Investment disputes | 1/2 (50.00%) | 50.00% | 39.00% | 2 | Strong |
Investment guaranty | 1/1 (100.00%) | 100.00% | 93.00% | 1 | Weak |
Total | 2 | 66.67% | 57.00% | 2 | Strong |
PRODUCTS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Marine Resources | 0/1 | 0.00% | 24.00% | 48 | Weak |
Timber | 0/1 | 0.00% | 31.00% | 61 | Weak |
General | 1/1 (100.00%) | 100.00% | 92.00% | 1 | Weak |
Total | 1 | 38.46% | 53.00% | 85 | Weak |
TRANSPORT AND TELECOMMUNICATIONS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Air transport | 4/7 (57.14%) | 76.19% | 59.00% | 54 | Strong |
Aircrafts and civil aviation | 5/9 (55.56%) | 68.00% | 74.00% | 134 | Weak |
Maritime shipping and load lines | 11/13 (84.62%) | 94.29% | 66.00% | 11 | Strong |
Maritime transport | 5/12 (41.67%) | 37.50% | 27.00% | 46 | Strong |
Multi modal transport | 0/2 | 0.00% | 4.00% | 15 | Weak |
Rail transport | 3/3 (100.00%) | 100.00% | 22.00% | 1 | Strong |
Road transport | 4/4 (100.00%) | 100.00% | 31.00% | 1 | Strong |
Space | 2/4 (50.00%) | 66.67% | 40.00% | 55 | Strong |
Telecommunications | 1/2 (50.00%) | 83.33% | 47.00% | 26 | Strong |
Total | 35 | 76.35% | 50.00% | 18 | Strong |
TREATIES LAW | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
General | 0/4 | 0.00% | 30.00% | 113 | Weak |
Total | 0 | 0.00% | 30.00% | 113 | Weak |
WTO | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Plurilateral Agreements | 2/2 (100.00%) | 100.00% | 18.00% | 1 | Strong |
WTO Agreements | 1/1 (100.00%) | 100.00% | 81.00% | 1 | Strong |
Total | 3 | 100.00% | 47.00% | 1 | Strong |
Strong | |
---|---|
Contracts | Procurement |
Contracts | Sale of Goods |
Customs | Customs Codification |
Customs | Customs Cooperation |
Customs | Exemption from Duties |
Customs | Temporary Admission |
Customs | Transit |
Dispute resolution | Judicial cooperation |
Dispute resolution | State court jurisdiction |
Dispute resolution | State immunities |
Environment and products | Chemicals |
Environment and products | Energy |
Environment and products | Foodstuff |
Environment and products | Protected geographical areas |
Finance, payments and insolvency | Bankruptcy and insolvency |
Good Governance | Corruption |
Good Governance | Cultural Property |
Good Governance | Organized crime |
Human Rights and Labour Standards | Labour Standards |
Institutional Participation | International Trade Law |
Institutional Participation | Trade support institutions |
Intellectual property | Broadcasting |
Intellectual property | Copyright |
Intellectual property | Industrial designs |
Intellectual property | Neighboring Rights |
Intellectual property | Origin |
Intellectual property | Patents |
Intellectual property | Trademarks |
Intellectual property | Varieties of plants |
Investments | Investment disputes |
Transport and telecommunications | Air transport |
Transport and telecommunications | Maritime shipping and load lines |
Transport and telecommunications | Maritime transport |
Transport and telecommunications | Rail transport |
Transport and telecommunications | Road transport |
Transport and telecommunications | Space |
Transport and telecommunications | Telecommunications |
WTO | Plurilateral Agreements |
WTO | WTO Agreements |
Average | |
Contracts | Franchising |
Contracts | Principles, trade usages and standards |
Finance, payments and insolvency | Credit transfers |
Weak | |
Contracts | Agency |
Contracts | Conflict of laws |
Contracts | E-commerce |
Contracts | Leasing/Factoring |
Contracts | Travel contracts |
Dispute resolution | Arbitration |
Dispute resolution | Recognition of foreign judgments |
Dispute resolution | State court procedure |
Environment and products | Air |
Environment and products | Flora and fauna |
Environment and products | General |
Environment and products | International watercourses |
Environment and products | Maritime and Law of the Sea |
Environment and products | Waste |
Finance, payments and insolvency | Assignment of receivables |
Finance, payments and insolvency | Bills of exchange and promissory notes |
Finance, payments and insolvency | Cheques |
Finance, payments and insolvency | International guarantees |
Good Governance | Drugs |
Good Governance | Insider Trading |
Human Rights and Labour Standards | Human rights |
Institutional Participation | Dispute Resolution |
Intellectual property | Integrated circuits |
Investments | Investment guaranty |
Products | General |
Products | Marine Resources |
Products | Timber |
Transport and telecommunications | Aircrafts and civil aviation |
Transport and telecommunications | Multi modal transport |
Treaties law | General |
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