Economy Bucharest

office buildings on nicolae titulescu street

bucharest center of romanian economy , industry, accounting around 23% (2013) of country s gdp , one-quarter of industrial production, while being inhabited 9% of country s population. one-third of national taxes paid bucharest s citizens , companies. in 2013, bucharest had nominal gdp per-capita €20,564 ($27.300), or 122% of european union average , more twice romanian average. after relative stagnation in 1990s, city s strong economic growth has revitalized infrastructure , led development of shopping malls, residential estates, , high-rise office buildings. in january 2013, bucharest had unemployment rate of 2.1%, lower national unemployment rate of 5.8%.

bucharest s economy centered on industry , services, services particularly growing in importance in last 10 years. headquarters of 186,000 firms, including large romanian companies, located in bucharest. important source of growth since 2000 has been city s rapidly expanding property , construction sector. bucharest romania s largest centre information technology , communications , home several software companies operating offshore delivery centres. romania s largest stock exchange, bucharest stock exchange, merged in december 2005 bucharest-based electronic stock exchange rasdaq, plays major role in city s economy.

international supermarket chains such carrefour, cora, , metro operating in bucharest. city undergoing retail boom, supermarkets , hypermarkets opened every year (see supermarkets in romania). bucharest hosts luxury brands such louis vuitton, hermes, gucci, armani, hugo boss, prada, calvin klein, rolex, burberry, , many others. malls , large shopping centres have been built since late 1990s, such afi palace cotroceni, sun plaza, băneasa shopping city, plaza romania, unirea shopping center, , liberty center. traditional retail arcades , markets include 1 @ obor.