- Chief of State:
- President Klaus Iohannis
- Head of Government:
- Prime Minister Dacian Ciolos
- Government Name:
- Adopted: 1991; Contains 8 titles which detail general principles fundamental rights, liberties, and duties, public authorities, the economy and public finance, constitutional court, Euro-Atlantic integration, revising the constitution, and final and transitional provisions.
- Government Type:
Government Control of Economy
Scale ranks countries on a basis of 1-100, with 100 representing the greatest amount of economic autonomy from government intervention.
Source: Heritage Foundation, http://www.heritage.org/index/heatmap (2015)
Country Risk Rating
|A4||A somewhat shaky political and economic outlook and a relatively volatile business environment can affect corporate payment behavior. Corporate default probability is still acceptable on average.|
|Main Powers||Election Process||Election Cycle 1|
President is responsible for safeguarding the constitution, is the supreme commander of the Armed Forces, and the chairperson of the Supreme Council of National Defense. Prime minister chooses other members of government.
President is elected by absolute majority vote through a two-round system. Prime minister is appointed by the president with the approval of the parliament.
High Court of Justice and Cassation is Romania's supreme court and the court of last resort.
Justices appointed by the president on the recommendation of the Superior Council of Magistrates.
Senate is the higher house of the parliament and both houses serve as a bicameral legislature for the Romanian government.
Senate members are elected through a modified mixed-member proportional system. Chamber of Deputies has 19 members that are reserved for minorities and 315 members elected through a modified mixed-member proportional system.
Foreign Policy Trends: Since December 1989, Romania has actively pursued a policy of strengthening relations with the West in general, and specifically with the U.S. and the European Union. Romania formally joined the North Atlantic Treaty Organization (NATO) in 2004, and hosted a NATO Summit from April 2-4, 2008. The venue symbolized the expansion of the Alliance from the Baltic to the Black Sea, and set new goals for years to come. Romania acceded to the European Union on January 1, 2007 along with Bulgaria, bringing the number of EU states to 27. Romania is a strong advocate for a "larger Europe," encouraging other countries that were formerly part of the Soviet sphere to integrate into both NATO and the EU. Romania has been actively involved in regional organizations, such as the Southeast Europe Cooperation Initiative (SECI) and the Stability Pact for Southeast Europe, and has been a positive force in supporting stability and cooperation in the area.
Regional Trade Blocs: European Union
Treaties: NATO, Common Security and Defense Policy
International Organization Participation Source: CIA World Factbook
Note: Click table to see details
Environmental Agreements Source: CIA World Factbook
|Air Pollution||Air Pollution-Persistent Organic Pollutants||Antarctic Treaty||Antarctic-Environmental Protocol||Biodiversity||Climate Change|
|Climate Change-Kyoto Protocol||Desertification||Endangered Species||Environmental Modification||Hazardous Wastes||Law of the Sea|
|Ozone Layer Protection||Ship Pollution||Tropical Timber 06||Wetlands|
Note: Click table to see details
Tax Information 2
- Tax Authority:
- Ministry of Public Finance
- Tax Name: