| Romania is a unitary semi-presidential republic in southeast Europe. It is ninth largest country of the European Union by area, and has the seventh largest population of the European Union with 20.2 million people. Following independence in 1989 Romania began it's transition towards democracy and a capitalist market economy. After a decade of post-revolution economic problems, extensive reforms fostered economic recovery making Romania now an upper middle-income country with high human development. Romania has considerable natural resources – oil, natural gas, coal, iron, copper and bauxite. Metal-working, petrochemicals and mechanical engineering are the main industries. The Romanian healthcare system is funded by the National Health Care Insurance Fund (CNAS in Romanian). All employers and employees with the age of 18 and older make monthly contributions. Romania joined the European Union on January 1, 2007 |