Romania is well-connected to other countries by sea and air, making it a major trading nation on a global scale. Romania has one of the largest market shares for machine tools, accounting for nearly 6% of the total. In addition, Romania is actively seeking export opportunities in European and American markets.
Romania began to invest primarily in crude oil, construction, mining, chemicals, and telecommunications. Romania currently invests heavily in R&D, electronic goods, automobiles, the IT industry, and medical device manufacturing.
The manufacturing sector is the fastest growing, accounting for nearly 28% of total GDP. Romania is the world's leading producer of software, semiconductors, sculptors, and machine tools. The government also intends to create new jobs in this sector for those who are currently unemployed.
The largest sector, the service sector, which accounts for nearly 62% of GDP, has yet to reach its full potential. The government is also working to improve the service sector and increase employment. This sector employs 73% of the Romanian workforce, trailing only Japan, the United States, and the United Kingdom.
Romania leads Europe and ranks sixth globally in terms of IT specialists, with over 100,000 specialists. Romania controls 5% of the offshore software development market, ranking third in the world in terms of exports after China and India.
The Romanian government has periodically encouraged companies to increase employment and has changed labor laws.