Oradea - Economy

Economy

Oradea has long been one of the more prosperous cities in Romania. The per capita GDP of Oradea is approximately 150% of the Romanian average. After 1989, due to its important base of consumers, Oradea enjoyed an economic renewal, not so much in industry but rather in the services sector such as trade and tourism.

Oradea has an unemployment rate of 6.0%, slightly lower than the Romanian average but much higher than Bihor County's average of around 2%. Oradea currently produces around 63% of the industrial production of Bihor County while accounting for 34.5% of the population of the county. Its main industries are furniture, textiles and clothing, footwear and food processing. Oradea economy is sustained largely by small and medium business and the property taxes paid by citizens.

In the fiscal year 2012, Oradea had the largest budget in the Transylvania region, overcoming its neighbour cities, Arad and Cluj-Napoca. Some large Romainian companies, such as Adeplast, RCS-RDS, European Drinks or FrigoExpress are located in Oradea.

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