Romania is a semi-presidential republic. It covers an area of 238,391 square kilometers with population of over 22 million people.

The country joined the European Union recently—on January 1, 2007 along with Bulgaria. Although it is classified as an upper-middle income economy, it is rapidly progressing.

In 1989, when it was officially separated from the Communist regime, Romania went through an economic decline. For the last ten years, however, it managed to reach stability, to lower its unemployment rate and inflation.

The country’s main exports are clothing, electronic equipment, metallurgic products, agricultural products, raw materials, military equipment and others.

Although Romania joined the EU, its currency–the lei has not been replaced by the euro yet as the country has to make certain improvements first.

Today’s Euro to Romanian Lei exchange rate

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