Banking and Finance
Romania's capital is Bucharest. The City of Bucharest is Bucharest's major financial district, and one of the regional's leading financial centres. The city is where the Bucharest Stock Exchange, as well as many other exchanges, are based. Service industries, particularly banking, insurance, and business services, account by far for the largest proportion of GDP and employ around 55% of the working population. Many other international banks are beginning to operate bases in Romania, as the sector expands. In 2007 there were 52 banks.
In the first four years of the twenty-first century, Romania's BET Index was the best-performing stock market index in the world as declared by the international magazine Business Week.
The stock market capitalisation of listed companies in Romania was valued at $56 billion in 2008 by the World Bank. As a result, the corporate sector of Romania has grown dramatically in significance in recent times.
Read more about this topic: Services In Romania
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