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How safe is RCHE
From the time you submit your
application, RCHE team will be
with you every step of the way
as you make important
decisions...more
From the time you submit your
application, RCHE team will be
with you every step of the way
as you make important
decisions...more
Visa
RCHE offers “On Hand” visas
& excellent visas consultancy
to arrive to your destination
easily…more
RCHE offers “On Hand” visas
& excellent visas consultancy
to arrive to your destination
easily…more
Travel
Travel around the Europe most
beauties places with special
travel packages...more
Travel around the Europe most
beauties places with special
travel packages...more
RCHE Step by Step Guide
Step up with Easy application
process online 'step by step'
guide for new students...more
Step up with Easy application
process online 'step by step'
guide for new students...more
Get Registered with RCHE
Register with RCHE for a
personalized services and get
all the new updates...more
Register with RCHE for a
personalized services and get
all the new updates...more
Job
Maintains an excellent and
comprehensive work abroad
Program Short Term work,
internship, and volunteer
programs...more
Maintains an excellent and
comprehensive work abroad
Program Short Term work,
internship, and volunteer
programs...more
ECONOMY OF ROMANIA
With a GDP per capita (PPP) of $10,661 estimated for 2007,
Romania is considered an upper-middle income economy and has
been part of the European Union since 1 January 2007. After the
Communist regime was overthrown in late 1989, the country
experienced a decade of economic instability and decline, led in part
by an obsolete industrial base and a lack of structural reform. From
2000 onwards, however, the Romanian economy was transformed
into one of relative macroeconomic stability, characterised by high
growth, low unemployment and declining inflation. In 2006, according
to the Romanian Statistics Office, GDP growth was recorded at
7.7%, one of the highest rates in Europe. Unemployment in Romania
was at 4.5% in April 2007 which is very low compared to other
middle-sized or large European countries such as Poland, France,
Germany and Spain. Foreign debt is also comparatively low, at
20.3% of GDP. Exports have increased substantially in the past few
years, with a 25% year-on-year rise in exports in the first quarter of
2006. Romania's main exports are clothing and textiles, industrial
machinery, electrical and electronic equipment, metallurgic products,
raw materials, cars, military equipment, software, pharmaceuticals,
fine chemicals, and agricultural products (fruits, vegetables, and
flowers). Trade is mostly centred on the member states of the
European Union, with Germany and Italy being the country's single
largest trading partners. The country, however, maintains a large
trade deficit, importing 37% more goods than it exports.
Romania is considered an upper-middle income economy and has
been part of the European Union since 1 January 2007. After the
Communist regime was overthrown in late 1989, the country
experienced a decade of economic instability and decline, led in part
by an obsolete industrial base and a lack of structural reform. From
2000 onwards, however, the Romanian economy was transformed
into one of relative macroeconomic stability, characterised by high
growth, low unemployment and declining inflation. In 2006, according
to the Romanian Statistics Office, GDP growth was recorded at
7.7%, one of the highest rates in Europe. Unemployment in Romania
was at 4.5% in April 2007 which is very low compared to other
middle-sized or large European countries such as Poland, France,
Germany and Spain. Foreign debt is also comparatively low, at
20.3% of GDP. Exports have increased substantially in the past few
years, with a 25% year-on-year rise in exports in the first quarter of
2006. Romania's main exports are clothing and textiles, industrial
machinery, electrical and electronic equipment, metallurgic products,
raw materials, cars, military equipment, software, pharmaceuticals,
fine chemicals, and agricultural products (fruits, vegetables, and
flowers). Trade is mostly centred on the member states of the
European Union, with Germany and Italy being the country's single
largest trading partners. The country, however, maintains a large
trade deficit, importing 37% more goods than it exports.
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The Safest & Trusted Way To Study Abroad
STUDY & WORK ABROAD
