• Parliamentary republic; a new constitution was adopted in 1991

• President: Ion Iliescu since December 2000
  

• Senate (140 seats)
• Chamber of Deputies (345 seats).
  Both chambers are directly elected from 41 multimember constituencies, comprising 40 counties and the municipality of Bucharest

• Party of Social Democracy in Romania (PDSR): 37.10% (65 seats) in Senate 36.6% (155 seats) in Chamber of Deputies
• Greater Romanian Party (PRM): 21% (37 seats) in Senate, 19.5% (84 seats) in Chamber of Deputies
• Democratic Party (PD): 7,6% (13 seats) in Senate, 9% (31 seat) in Chamber of Deputies
• National Liberal Party (PNL): 7,5% (13 seats) in Senate, 6,9% (30 seats) in Chamber of Deputies
• Democratic Union of Hungarians in Romania (UDMR): 6,9% (12 seats) in Senate, 6,8% (27 seats) in Chamber of Deputies

• Diversified economy still lacking competitiveness and economic efficiency (lack of investment recently, expensive inputs).
• GDP – following three years of recession Romanian economy recorded a positive growth rate of 1.6% in 2000.
• Inflation – year 2000 end inflation for 2000 was down t 40.7% from 54.8% in 1999, but well above the end-2000 government target of 27%
• Exchange rate ROL/USD – 25.9
• External debt – USD 10.7 bn (29.2% of 2000 GDP)
• Foreign direct investments since 1993 – USD 1 billion
• Well educated, flexible, multi-lingual workforce; average net wage of $ 110/month (as per end - 2000).
  
  
  

Economic development

In the last four years of economic development we can see:

• decrease of the unemployment rate in 2000
• GDP has grown in 2000 by 1.6% follow three consecutive years of decline
• year-end inflation for 2000 was down to 40.7% from 54.8% in 1999, but well above the end-2000 government target of 27%
• lower figure of direct foreign investments in 2000 was due to the wait-and-see approach of foreign investors ahead of elections held on November 2000.