10/31/2022 0 Comments Salariul minim pe economie 2011 brut![]() The remaining 70% ownership of the enterprises was transferred to a state ownership fund, with a mandate to sell off its shares at the rate of at least 10% per year. Privatisation of industry started with the 1992 transfer of 30% of the shares of some 6,000 state-owned enterprises to five private ownership funds, in which each adult citizen received certificates of ownership. Romania's weight in the global economy dropped to 0,3% in 1993 down from 0,8% in 1983. ![]() The end of the communist period marked the beginning of a sharp economic downturn. Around 58% of the country's gross national income came from industry, and another 15% came from agriculture. In 1989, before the Romanian Revolution, Romania had a GDP of about 800 billion lei, or $53.6 billion. Romania's debt was completely paid off during the 1980s by implementing severe austerity measures which deprived Romanians of basic consumer goods. Economic growth was further fuelled by foreign credits in the 1970s, eventually leading to a growing foreign debt, which peaked at $11–12 billion. During this period the country experienced rapid industrialisation in an attempt to create a "multilaterally developed socialist society". Main article: Economy of the Socialist Republic of RomaniaĪfter 1945, Soviet-occupied Romania became a member of the Eastern Bloc and switched to a Soviet-style command economy. Until World War II, Romania was Europe's second-largest oil and food producer. The application of radical agricultural reforms and the passing of a new constitution created a democratic framework and allowed for quick economic growth (industrial production doubled between 19, despite the effects of the Great Depression in Romania). Romanian troops occupied Bessarabia and Bukovina during the chaotic period of uncertain authority over the ex-emperial lands, forming the Romanian state in its modern form. Economic growth was stimulated by several milestones: the discovery and industrial exploitation of oil in 1857, the political union between Wallachia and Moldavia in 1859, land reforms, adoption of a local currency, the leu (1867), the state independence (1877), as well as the building of an extensive rail-road system under king Carol I.Īfter the dissolution of neighbouring Russian and Austro-Hungarian empires following World War I, Romanian-speaking provinces of Transylvania and Banat united with the Kingdom of Romania. The economy of Romania entered modernity with the Treaty of Adrianople in 1829, ending centuries of Turkish control. ![]()
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