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Romania NEWS

NFE/5.0en-USnews-webmaster@google.com2019 Google Inc.Thu, 14 Feb 2019 05:27:28 GMTGoogle News
House Hunting in … Romania  The New York Times

In the area around Bucharest, the real estate market is stabilizing after several years of price increases followed by a cool-down in demand.

The New York Times
Feud escalates between Romania govt and former anti-graft chief  The Sun Daily

BUCHAREST: A stand-off between Romania's government and judiciary escalated as the former chief anti-graft prosecutor said she had been summoned by in...

The Sun Daily
Logistics developer P3 names new Leasing and Development Manager in Romania  Romania-Insider.com

Pan-European logistics property investor-developer P3 has appointed Romanian Daniel Cateliu as its Leasing and Development Manager in Romania. He will ...

Romania-Insider.com
Romania urges EU not to hire former anti-corruption chief  FRANCE 24

Bucharest (AFP). Romania's justice minister has written to his EU colleagues to paint a damning picture of the country's former anti-corruption chief in a bid to ...

FRANCE 24
Papal Visit Stirs Mixed Feelings Among Romania's Szekelys  Balkan Insight

Catholic ethnic Hungarians in Transylvania are mostly thrilled that the Pope is coming to say mass at alegendary shrine – but some eye the expected presence ...

Balkan Insight
Australia ousts United States in Fed Cup while Romania upsets Czechs  ESPN

Romania upset defending champion Czech Republic 3-2 to advance to the semifinals of the Fed Cup on Sunday along with France, Belarus and Australia.

ESPN
Romania's railway company auctions first part of Bucharest's airport line  Romania-Insider.com

Romania's railway infrastructure company CFR earmarked RON 420 million (EUR 90 million) for the design and construction of a railway segment that would be ...

Romania-Insider.com
Briefing Romania | Snap  ING Think

The Romanian leu remained stable around 4.7400 for most of yesterday's trading session, only to spike towards 4.7500 in late trading hours. We see the pair ...

ING Think
New report: Ukraine, Poland Belarus and Romania represent 'tech talent goldmine'  Emerging Europe

According to a new report published jointly by AVentures Capital, Aventis Capital and Capital Times. emerging Europe is a tech talent goldmine. The report ...

Emerging Europe
Romania may scrap plans to tax energy firms -senate speaker  Reuters

Romania may scrap a 2.0 percent tax on energy companies' turnover, senate speaker Calin Tariceanu said on Wednesday, following widespread criticism of the ...

Reuters
Romania's Banca Transilvania joins new PE fund specialized in financing SMEs  Romania-Insider.com

Morphosis Capital, a newly-established Romanian private equity firm, announced on Tuesday, February 12, that Banca Transilvania will back its first investment ...

Romania-Insider.com
Romania owes EUR 98.5 bln to the rest of the world  Business Review

Romania's total external debt grew by 1.1 percent last year up to EUR 98.48 billion at end-December, due mainly to rising short-term debt, National Bank of ...

Business Review
Biggest group in the European Parliament supports Romania's candidate for European Public Prosecutor  Romania-Insider.com

The largest political group in the European Parliament, the European People's Party (EPP), supports Romanian Laura Codruta Kovesi for the post of European ...

Romania-Insider.com
German group buys 10% in Romania's low cost airline Blue Air  Romania-Insider.com

German Zeitfracht Group, with operations in aviation but also in logistics, naval transport, and real estate, bought a 10% stake in Blue Air, the largest Romania air ...

Romania-Insider.com
Romania: Industry posts 5.0% growth in 2018 | Snap  ING Think

The full year performance looks decent, but developments from the second half of 2018 are not inducing optimism. We look for quasi-stagnation in 2019.

ING Think
Investor reaches one million sqm of industrial spaces in Romania  Romania-Insider.com

CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, reached 1 million square meters of ...

Romania-Insider.com
Romania's two major parties dominate in European Elections poll  Romania-Insider.com

Some 27.8% of Romanians who have made up their mind about voting in the elections for the European Parliament would b.

Romania-Insider.com
Swiss shoemaker closes down Romanian factory  Romania-Insider.com

Swiss-based shoemaker Rieker will close down its Romanian factory, located in the western city of Lugoj, with all the.

Romania-Insider.com
Romania Inflation Stable In January  Markets Insider

(RTTNews) - Romania's consumer price inflation remained steady in January, after easing in the previous four months, figures from the National Institute of ...

Markets Insider
ECB warns Romanian finance minister over bank tax  Reuters

The Romanian government should have consulted the European Central Bank before approving a widely criticised new tax on bank assets, which could have a ...

Reuters
Romania: January CPI flat, as expected | Snap  ING Think

Headline inflation came in at 3.3% year-on-year, while core inflation was unchanged at 2.5% year-on-year.

ING Think
Romania's office market deals hit record in 2018  Romania-Insider.com

The volume of transactions with office buildings in Romania reached a record level for the last ten years in 2018.

Romania-Insider.com
FDI into Romania rises 3% y/y in 2018  SeeNews

BUCHAREST (Romania), February 13 (SeeNews) - Foreign direct investment (FDI) into Romania rose by 2.8% year-on-year in 2018 to 4.936 billion euro ...

SeeNews
Romanian entrepreneur, the founder of Adeplast group, dies at age 62  Romania-Insider.com

Romanian entrepreneur Marcel Bărbuț, who built one of the biggest businesses in the local construction industry - Adeplast, was buried on Saturday, February ...

Romania-Insider.com
Romania recognizes Guaido as Venezuela interim president  Fox News

BUCHAREST, Romania – Romania's president has officially recognized Juan Guaido as Venezuela's interim president almost a week after other European ...

Fox News
Romania's end-2018 foreign debt rises - table  SeeNews

BUCHAREST (Romania), February 13 (SeeNews) - Romania's foreign debt rose to 98.47 billion euro ($111.4 billion) at the end of 2018 from 97.361 billion euro ...

SeeNews
Romanian fintech startup wants to double staff, increase revenues this year  Romania-Insider.com

FintechOS, a Romanian company specializing in accelerating the digital transformation of financial institutions, announced revenues of EUR 6 million from the ...

Romania-Insider.com
France, Germany consider backing Romanian for European Chief Prosecutor  Romania-Insider.com

Bundestag's Chairman of the European Affairs Committee Gunther Krichbaum said on Thursday, February 7 in Bucharest that France and Germany, although ...

Romania-Insider.com
Cancer and corruption: In Romania, it’s the same fight  POLITICO.eu

An ex-anchor and an ex-banker created one of Romania's most prominent NGOs. Can their popularity translate into votes?

POLITICO.eu
Romania, the land of no return  New Statesman

Known for corruption, orphans and Dracula, Romania wants to become a modern nation, but while its people keep leaving it doesn't stand a chance. By Matthew ...

New Statesman
'I put Fed Cup on the same stair as Grand Slams' - Romanian hero Halep arrives in Doha  WTA Tennis

*Fresh* from leading Romania to a thrilling win over Fed Cup champions Czech Republic, former World No.1 Simona Halep settles into the Qatar Total Open, the ...

WTA Tennis
Romania’s capital Bucharest feels like you’re in multiple cities at once  The Sun

Bucharest uses the best bits from around the continent and blends them into one destination.

The Sun
Romania's health system in crisis  Aljazeera.com

Romania's crumbling health system is no longer a secret, and many say corruption is to blame.

Aljazeera.com
Exclusive: International development banks criticise Romania over bank tax plans  euronews

By Marc Jones LONDON (Reuters) - Two major international development banks, the European Bank for Reconstruction and Development and the International ...

euronews
Foreign Secretary Jeremy Hunt visits Romania for talks on bilateral co-operation  GOV.UK

Foreign Secretary Jeremy Hunt will be in Romania today (1 February) for talks with the Romanian President and Prime Minister.

GOV.UK
Photo Gallery: Think the Rust Belt Is Struggling? Welcome to Romania  WIRED

Bucharest-born photographer Ioana Cîrlig documents the decline of former factory towns across the country.

WIRED
Romania investigates man who posed as plastic surgeon  The Seattle Times

BUCHAREST, Romania (AP) — Authorities in Romania are investigating an Italian citizen who allegedly posed as a plastic surgeon in clinics around Bucharest.

The Seattle Times
Romania to replace Canada in Mali peacekeeping mission  africanews

Following a productive meeting on the margins of the NATO Foreign Ministers' Meeting in December 2018, the Honourable Chrystia Freeland, Minister of ...

africanews
Romania's killer draughts  Emerging Europe

As anyone who has ever tried to open a window on a hot, steamy, Romanian train in the middle of summer will know, curent (translated, amongst other things, ...

Emerging Europe
Romania 'Snowball' Scam Deprives Government of Over €1 Million in VAT Revenues  OCCRP

Romanian farmer Ion Popescu didn't think twice in 2014 when he got the chance to save nearly 19,000 euros in taxes on the price of a new, European-made ...

OCCRP
Filipina Bella Santiago a step closer to representing Romania in Eurovision  ABS-CBN News

Bella Santiago became one of six finalists in Selecția Națională, a song contest that determines who will represent Romania in the Eurovision Song Contest ...

ABS-CBN News
800 trees downed as icy conditions grip Romania  Al Jazeera English

Thousands still without power as freezing fog continues to linger over Bucharest.

Al Jazeera English
Ex-No 1's clash in Fed Cup as Czechs host Romania  Sport24

Two former world number one players are set to clash in the Fed Cup first round as holders the Czech Republic take on Romania.

Sport24
Weddings in Romania, a step-by-step guide  Romania-Insider.com

Many say that getting married is one of the most important moments in a person's life. And that's something that definitely applies to Romania, where family is ...

Romania-Insider.com
Who are the most popular Romanians on Facebook?  Romania-Insider.com

In the 15 years since its launch, Facebook has not only changed the way people interact with each other, but if has set a new standard for popularity.

Romania-Insider.com
Romanian PM announces firm euro adoption deadline  Romania-Insider.com

Romania's Government will soon send to the European Union (EU) the documents with the country's plan for the adoption of the euro by 2024, prime minister ...

Romania-Insider.com
Tickets for Romania's George Enescu Festival will be put up for sale in a month  Romania-Insider.com

The organizers of the George Enescu International Festival in Romania announced that the tickets for the 2019 edition would be put up for sale on March 6, ...

Romania-Insider.com
Romania's Commissioner and former PM quit ruling Social Democrats  EURACTIV

Former prime minister Mihai Tudose has followed Commissioner Corina Crețu quitting Romania's ruling Social Democrats (PSD) further weakening the ...

EURACTIV
Russia demands U.S. destroy missile defense systems in Romania, strike drones  Reuters

Russia's Ministry of Defense said on Thursday that the United States should destroy its MK-41 missile defense launch systems deployed in Romania in order to ...

Reuters
Romania Faces Challenge in Pushing Balkan EU Enlargement  Balkan Insight

Bucharest says it wants both Macedonia and Albania to start EU accession talks under its council presidency – but it will have its work cut out persuading the ...

Balkan Insight
Freezing rain downs 800 trees, delays flights in Romania  WRAL.com

Authorities say freezing rain in Romania's capital has downed hundreds of trees and electricity lines, damaging cars and causing long flight delays.

WRAL.com
Romania's Kovesi in pole position for European Chief Prosecutor  EURACTIV

Laura Codruţa Kövesi, the former chief prosecutor of Romania's anti-corruption agency (DNA), is ranked first among three candidates shortlisted for the position ...

EURACTIV
Romania president: plan to invalidate graft cases not legal  Miami Herald

Romania's president says a government decree that could invalidate hundreds of corruption cases involving senior officials is 'crassly unconstitutional'.

Miami Herald
Can Romania deliver Horizon Europe?  Science Business

On 10 January, luminaries gathered in Bucharest's beautifully ornate Romanian Athenaeum to celebrate the start of Romania's presidency of the Council of the ...

Science Business
Romania's Govt. resumes borrowing from households  Romania-Insider.com

Romania's Finance Ministry will launch on Monday, February 4, three new issues of government bonds for households, wi.

Romania-Insider.com
Keeping active: 2019 sport events in Romania  Romania-Insider.com

Running and biking events make up the majority of competitions available to amateur athletes locally.

Romania-Insider.com
Romania's currency leu reaches new low against euro  Romania-Insider.com

Romania's local currency weakened again, by 0.23%, versus the euro, which was enough for the exchange rate to break t.

Romania-Insider.com
In Romania, Secretary General praises deepening NATO-EU cooperation  NATO HQ

NATO Secretary General Jens Stoltenberg is attending the meeting of EU Ministers of Defence, which is taking place in Bucharest. Arriving at the Palace of the ...

NATO HQ
EU data verdict imminent on Romania's €20m reporters' fine  EUobserver

National data protection authorities from around the EU are about to make public their decision on a threat by Romania's data chief to force journalists to reveal ...

EUobserver
Pope Francis to visit Romania's biggest cathedral and send message to the Romanians on May 31  Romania-Insider.com

Pope Francis will be in Romania for three days beginning May 31, and the official agenda also includes a meeting with.

Romania-Insider.com
NATO Secretary General: Romania's contributions make us all stronger and safer  NATO HQ

NATO Secretary General Jens Stoltenberg praised Romania on Wednesday (23 January 2019) for its strong contributions to the Alliance. Mr. Stoltenberg was ...

NATO HQ
Romanian Govt. promises to invest EUR 100 mln to streamline wholesale agri market  Romania-Insider.com

Romania's Government will invest, through its wholly-owned trade house Unirea, up to EUR 100 million for the development of the agri-business infrastructure ...

Romania-Insider.com
Q and A: Romania’s health minister talks cancer  POLITICO.eu

German or Italian citizens shouldn't have better access to cancer drugs than Romanians, says Sorina Pintea.

POLITICO.eu
Romania's Govt. publishes 2019 budget planning  Romania-Insider.com

Romania's Government published its 2019 budget planning draft on the Finance Ministry's website on January 31.

Romania-Insider.com
Tax on financial assets has deep impact, top Romanian lender says  Romania-Insider.com

Romania's largest lender Banca Transilvania said, in a comment for local financial daily Ziarul Financiar, that the tax on financial assets enacted as of January ...

Romania-Insider.com
Bucharest mayor asks Romania's president, intelligence service to help clear drinking water scandal  Romania-Insider.com

Bucharest mayor Gabriela Firea said on Thursday, January 31, that she sent a letter to president Klaus Iohannis, to the Romanian Intelligence *Service* (SRI) and ...

Romania-Insider.com
Romanian domestic power prices capped by regulator  Reuters

Romania's energy market regulator ANRE has approved a plan to cap electricity prices for households and some industrial consumers for the next three years, ...

Reuters
UniCredit forecast: Romania's GDP growth to ease toward 2% in 2020  Romania-Insider.com

Romania's Government may face difficulties in keeping the budget deficit below 3% of GDP over the coming three years, despite new taxes in the banking, ...

Romania-Insider.com
Coal's Slow Death Highlights Romania's Energy Confusion  Balkan Insight

Romania's mismanagement of its coalmines highlights its inability to deal with its energy system's fundamental problems.

Balkan Insight
Romania's ruling coalition mounts pressure on central bank governor  Romania-Insider.com

Romania's National Bank (BNR) governor Mugur Isarescu faces mounting pressure from the ruling coalition after the recent depreciation of the Romanian ...

Romania-Insider.com
Romania's largest online bookstore lists best-selling books of 2018  Romania-Insider.com

Libris.ro, the largest online bookstore in Romania, sold more than 1.5 million books in 2018, and the Romanian authors were quite popular. Romanian writer ...

Romania-Insider.com
Fondul Proprietatea manager warns investors: Romania's economy set for uncertain future  Romania-Insider.com

Johan Meyer, CEO Franklin Templeton Investments Bucharest Branch and Portfolio Manager of Fondul Proprietatea – the biggest investment fund in Romania, ...

Romania-Insider.com
Romania's energy market regulator freezes electricity, natural gas prices for residential users  Romania-Insider.com

Romania's energy market regulator ANRE announced on Tuesday, January 29, that the gas and electricity prices charged.

Romania-Insider.com
Plane makes emergency landing in Black Sea port in Romania  The Associated Press

BUCHAREST, Romania (AP) — Romanian authorities say an airplane flying from Cyprus to the Romanian capital has made an emergency landing in the Black ...

The Associated Press
Ten-year-old Romanian makes it to Sweden's Got Talent final  Romania-Insider.com

Eva Jumatate, a ten-year-old girl from Romania, has made it to the final of TalangSE, the Swedish version of the Got.

Romania-Insider.com
Romania prepares Eurobond issue at end-February  Romania-Insider.com

Romania prepares to launch a Eurobond issue, but the Government will wait for the January budget execution report to demonstrate robust growth in revenues ...

Romania-Insider.com
Ex-judge: Romania ruling could collapse murder trials  Minneapolis Star Tribune

BUCHAREST, Romania — A court ruling that Romanian prosecutors obtained evidence illegally could collapse murder and child pornography trials in the ...

Minneapolis Star Tribune
Romanian Govt. insists rich municipalities share fiscal burden  Romania-Insider.com

Romanian finance minister Eugen Teodorovici claims that only the large municipalities are unhappy with the state budget draft for this year. The mayors of ...

Romania-Insider.com
Assemblies of God (USA) Official Web Site | Reaching Romania, Reaching Europe  AG News

Raegan Glugosh's ministry efforts in Romania through Hagar Home and addressing the root causes of child abandonment, helped prepare her to lead when ...

AG News
Romanian receives 2019 Moore mathematics prize  Romania-Insider.com

Romanian Ciprian Manolescu, a professor of mathematics at UCLA, in United States, was awarded the 2019 E. H. Moore Research Article Prize by the American ...

Romania-Insider.com
Romania's currency keeps weakening, yet at slow rates  Romania-Insider.com

Romania's currency has been weakening versus the euro in the past week in response to.

Romania-Insider.com
In the heart of Romania - where life has changed little for centuries  Daily Mail

'Romania must be one of the best value destinations in Europe,' writes Wendy Driver. Trip highlights included a visit to a centuries-old salt mine and a jaunt ...

Daily Mail
The Latest: Romania to give Holocaust survivors top honors  The Associated Press

WARSAW, Poland (AP) — The Latest on International Holocaust Remembrance Day (all times local): 12:05 a.m. Romania's president is giving one of the ...

The Associated Press
Romanian lender BRD posts record profit but greed tax will drag down 2019 result  Romania-Insider.com

BRD-Groupe Societe Generale, the third-biggest financial group in Romania by assets, recorded a net profit of RON 1.56 billion (EUR 336 million) in 2018, up by ...

Romania-Insider.com
Glovo food delivery service expands to Cluj, Iasi, Timisoara  Romania-Insider.com

Glovo, the Spanish app that allows users to order food, but also almost anything, has been operating in Bucharest for.

Romania-Insider.com
Romania's presidential elections: Social Democrats suggest Liviu Dragnea is their best candidate  Romania-Insider.com

Romania's ruling Social Democratic Party (PSD) hasn't officially announced its candidate for this year's presidential elections but several party leaders have ...

Romania-Insider.com
Commissioner Avramopoulos: Romania is ready to join Schengen  SchengenVisaInfo.com

The European Commissioner Dimitris Avramopoulos has once again reiterated that Romania has completed all criteria set and it deserves to become part of the ...

SchengenVisaInfo.com
Romania's e-commerce up 30% in 2018  Romania-Insider.com

The volume of online sales of goods in Romania increased by 30% in 2018 compared to 2017, to EUR 3.5 billion, the equ.

Romania-Insider.com
Eurostat: Romania's children are EU's healthiest  Emerging Europe

According to the European Union's statistics department, Eurostat, in 2017, more than 95 per cent of children in the European Union (EU) were considered to be ...

Emerging Europe
Halep to lead Romanian Fed Cup team against Czechs  Baseline

Simona Halep is embracing a formidable task this week for the Fed Cup quarterfinals. The world No.3 will lead Romania against a strong defending champion ...

Baseline
Nightmare in London: Mother fears Romania secret service - Is EU ignoring corrupt state?  Express

ADRIANA Constantinescu's life in Britain has become a fear-stalked nightmare, her every move watched by members of one of the world's most notorious ...

Express
Romania's “Ice Man” Tibi Useriu runs world's coldest ultra-marathon  Romania-Insider.com

After winning the 6633 Arctic Ultra race three times, Romania's “Ice Man” Tibi Useriu has decided it's time to test his limits again. Thus, he will run the Yukon ...

Romania-Insider.com
Romania's EU Council presidency agenda: meetings, conferences and events in the country  Romania-Insider.com

Throughout the six months that Romania will hold the rotating presidency of the EU Council, tens of events covering all areas of EU policy will take place in ...

Romania-Insider.com
Processing Units in Transit to Romania London Stock Exchange:SENX  GlobeNewswire

JERSEY, Channel Islands, Jan. 16, 2019 (GLOBE NEWSWIRE) -- Serinus Energy plc (“Serinus”, “SEN” or the “Company”) (AIM:SENX, WSE:SEN), announces ...

GlobeNewswire
Romania Undertakes Naval Modernization Program (Part Two)  The Jamestown Foundation

Less than two weeks after ringing in the New Year, the Romanian government halted its naval modernization plans due to legal and administrative delays ...

The Jamestown Foundation
 

Romania Videos

The Voice of Hollywood in Communist Romania
17:00:02
The Voice of Hollywood in Communist Romania
NOUL Brawler LEGENDAR pe BrawlStars ? NOUL UPDATE - BrawlStars Romania
04:43:14
NOUL Brawler LEGENDAR pe BrawlStars ? NOUL UPDATE - BrawlStars Romania
BUNA, ROMANIA! DANCILA IN CASA NOUA, VREA SA STEA INTRE IOHANNIS SI BASESCU, 28 IAN 2019, P1/2
17:38:55
BUNA, ROMANIA! DANCILA IN CASA NOUA, VREA SA STEA INTRE IOHANNIS SI BASESCU, 28 IAN 2019, P1/2
Romania
16:23:18
Romania
Mihai TEJA: Am cel mai bun lot din ROMANIA!
19:11:46
Mihai TEJA: Am cel mai bun lot din ROMANIA!
Mega Box & Power 8 pe Pam - Brawl Stars Romania
12:30:02
Mega Box & Power 8 pe Pam - Brawl Stars Romania
Asta-i Romania (27.01.2019) - Tanara acuzata de italian, interviu surpriza!
17:03:36
Asta-i Romania (27.01.2019) - Tanara acuzata de italian, interviu surpriza!
Asta-i Romania (27.01.2019) - Drama tinerei de 26 de ani care cantareste 230 de kilograme!
16:42:32
Asta-i Romania (27.01.2019) - Drama tinerei de 26 de ani care cantareste 230 de kilograme!
Exatlon Romania (26.01.) - Draghia si Kirita, primele discursuri in calitate de antrenori! Partea 2
07:00:05
Exatlon Romania (26.01.) - Draghia si Kirita, primele discursuri in calitate de antrenori! Partea 2
Asta-i Romania (27.01.2019) - Editie COMPLETA
19:00:02
Asta-i Romania (27.01.2019) - Editie COMPLETA
 

Romania Images

Carpathian Mountains in autumn | Simon - Moeciu de Jos ...
Carpathian Mountains in autumn | Simon - Moeciu de Jos ...
Defileul Raului Bicaz, Bicaz, Piatra Neamt, România | Flickr
Defileul Raului Bicaz, Bicaz, Piatra Neamt, România | Flickr
Romanian Mountains
Romanian Mountains
Romanian Dogs & Puppies
Romanian Dogs & Puppies
Catalog avon c2 2015 Romania HD by f b - Issuu
Catalog avon c2 2015 Romania HD by f b - Issuu
www.TattooConvention.ro | Dragos | Famous Tattoo Studio
www.TattooConvention.ro | Dragos | Famous Tattoo Studio
All dressed up with the new BBY collection from the sexy ...
All dressed up with the new BBY collection from the sexy ...
Buckfast.ro | Pagina Buckfast Romania
Buckfast.ro | Pagina Buckfast Romania
Afrika domborzata :: foldrajz
Afrika domborzata :: foldrajz
Poze: Carpati, Măgura, Olt, Transilvania, Zarnesti
Poze: Carpati, Măgura, Olt, Transilvania, Zarnesti
 

Romania WebSites

 

Romania Wiki

Romania ( (listen) ro-MAY-nee-ə; Romanian: România [romɨˈni.a] (listen)) is a country located at the crossroads of Central, Eastern and Southeastern Europe. It borders the Black Sea to the southeast, Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, and Moldova to the east. It has a predominantly temperate-continental climate. With a total area of 238,397 square kilometres (92,046 sq mi), Romania is the 12th largest country and also the 7th most populous member state of the European Union, having almost 20 million inhabitants. Its capital and largest city is Bucharest, and other major urban areas include Cluj-Napoca, Timișoara, Iași, Constanța, Craiova, and Brașov.The River Danube, Europe's second-longest river, rises in Germany's Black Forest and flows in a general southeast direction for 2,857 km (1,775 mi), coursing through ten countries before emptying into Romania's Danube Delta. The Carpathian Mountains, which cross Romania from the north to the southwest, include Moldoveanu Peak, at an altitude of 2,544 m (8,346 ft).Modern Romania was formed in 1859 through a personal union of the Danubian Principalities of Moldavia and Wallachia. The new state, officially named Romania since 1866, gained independence from the Ottoman Empire in 1877. Following World War I, when Romania fought on the side of the Allied powers, Bukovina, Bessarabia, Transylvania as well as parts of Banat, Crișana, and Maramureș became part of the sovereign Kingdom of Romania. In June–August 1940, as a consequence of the Molotov–Ribbentrop Pact and Second Vienna Award, Romania was compelled to cede Bessarabia and Northern Bukovina to the Soviet Union, and Northern Transylvania to Hungary. In November 1940, Romania signed the Tripartite Pact and, consequently, in June 1941 entered World War II on the Axis side, fighting against the Soviet Union until August 1944, when it joined the Allies and recovered Northern Transylvania. Following the war, under the occupation of the Red Army's forces, Romania became a socialist republic and member of the Warsaw Pact. After the 1989 Revolution, Romania began a transition back towards democracy and a market economy.The sovereign state of Romania is a developing country and ranks 52nd in the Human Development Index. It has the world's 47th largest economy by nominal GDP and an annual economic growth rate of 7% (2017), the highest in the EU at the time. Following rapid economic growth in the early 2000s, Romania has an economy predominantly based on services, and is a producer and net exporter of machines and electric energy, featuring companies like Automobile Dacia and OMV Petrom. It has been a member of the United Nations since 1955, part of NATO since 2004, and part of the European Union since 2007. An overwhelming majority of the population identifies themselves as Eastern Orthodox Christians and are native speakers of Romanian, a Romance language.