(WIPO code: RO) (last revised August 2020)

by ROMINVENT S.A., Bucharest

General Information

Area

237,500 sq. km.

Population

19,405,000 (2019).

Capital

Bucharest, with 1,883,425 inhabitants (2019).

Language

Romanian.

Currency

Leu (plural: lei); exchange rate: about 4.29 lei = 1 U.S. dollar and about 4.77 = 1 euro (December 2019).

General Remarks

Political situation: Parliamentary Republic; a President of the Republic, elected every five years and two Chambers (Chamber of Deputies and Senate), elected every four years.

Economic situation: Romania has a fast developing, upper-middle income mixed economy.

Romania's economy is strongly globalized and integrated into the European Union market. The economy is characterized by a highly productive work. 

The reforms in the 2000s (decade) and its 2007 accession to the European Union have led to an improved economic outlook. The country is a regional leader in multiple fields, such as agriculture, IT and motor vehicles production. Romania's economic growth estimate is 5.7% for 2017, according to the European Commission's (EC) forecast.

Exports have increased substantially in the past few years. Romania's main exports are cars, software, clothing and textiles, industrial machinery, electrical and electronic equipment, metallurgic products( steel, aluminum), raw materials (timber, salt), pharmaceuticals, fine chemicals, agricultural products (grains, corn, fruits, vegetables, flowers).

GDP (PPP) for 2018 (estimated): 549,288.79 million U.S. dollars.

Romania is a member of the European Union since January 1, 2007 and NATO since March 29, 2004.

 

Statistics (2018) Filed Issued
Patents (incl. EP extensions/validations) 5,172 2,522
Trademarks 10,720 6,398
– trademark renewals 12,167 2,904
Industrial designs 259 345
Supplementary Protection Certificates 45 48
Utility models 60 42