20 years of revolutionizing Romania - industries that changed the face of the country

20 years of revolutionizing Romania – industries that changed the face of the country

Newsroom 06/03/2018 | 13:43

Although Romania still lags behind its European peers in some sectors, in the last two decades the country has made significant steps in many key industries. To mark its own 20 years on the local market, Business Review presents some of the most influential industries that have changed the face of Romania during this time: real estate, technology, banking, retail, automotive, advertising, healthcare and entrepreneurship.

From corner shops to integrated retail centers where you can do your weekly shop, catch a movie, pick up some presents or redecorate your home, to mixed residential projects and skyscraper office buildings, the changing real estate sector has remodeled our daily lives, as well as the face of our cities. Technology has greatly influenced many industries – from simply doing your shopping online to IoT and AI – and made going about our day-t0-day business easier and smarter.

The past two decades have also seen the emergence of new sectors in Romania, such as private healthcare services, advertising and entrepreneurship. With some inspirational individuals who started their businesses in their apartments having today become successful role models both at home and abroad, the last 20 years have created a generation of entrepreneurs and leaders who have gained international recognition. Last but not least, from just two local car brands, Romania has managed to attract large investors to the automotive sector and speed into 11th position in Europe by annual car production.