Best Bitcoin Card for Romania

The popular crypto currencies are enjoying increasing popularity and awareness worldwide. A current survey from Romania is listed here as an example. Surprisingly, the survey came to the conclusion that 60% of Romanians under the age of 40 already know about the existence of crypto currencies and regard them as the payment system of the future. In theory, half of this age group would already be willing to pay for purchases in crypto currencies. Proof that the advantages of digital currencies are appreciated in this Eastern European country.

Already 8 % of Romanians have bought crypto currencies before

The survey impressively proves that crypto currencies are no blank pages for young Romanians. Altogether 8% of the interviewed persons stated that they had already purchased and used crypto currencies at least once. Further 17% can imagine within the next 12 months a purchase of crypto currencies to transact. One explanation for this is the Romanians’ openness to new trends and technologies.

High confidence in crypto currencies in Romania established

The survey also shows that crypto currencies have an excellent reputation in Romania. A total of 35% of respondents expressed their confidence in digital currencies. The survey mainly surveyed Internet users from large cities. According to the survey, most users are familiar with the digital currencies Bitcoin, Litecoin and Ethereum.

Economy

In 2017, Romania achieved economic growth of + 6.9 % after 4.8 % in 2016. Particularly in QIII and QIV, economic growth accelerated to 8.8 % and 6.8 %, respectively, although 90 % of the growth was generated by rising consumption. The economy has thus been growing since 2011; at constant rates of over + 3 % since 2013. Romania is thus the EU country with the highest economic growth in 2016 and 2017.

The main reasons for the improved economic situation were the reduction in VAT from 24% to 19%, which boosted consumption; a very good agricultural harvest, a generally good economic trend, sustained high direct investments by foreign companies and better implementation of major infrastructure projects with EU funds. The country’s financial stability is threatened by the budget deficit and inflation, and the Romanian currency has also come under pressure.

Special developments

On 11 December 2016, the parliamentary elections took place, in which the Social Democrats (PSD) emerged as the big winners with a very low turnout. Since the inauguration of the government in January 2017, there have already been four prime ministers (Sorin Grindeanu, Mihai Tudose, Mihai Fifor (interim) and Viorica Dancila) and three large government reshuffles. The economy wants more stability, and the reform of the justice system in December 2017 and January 2018, which was tried again after January 2017, is also being viewed very critically.

About Romania

Romania (Romanian România) is a republic in Europe that stretches from the Pannonian lowlands to the Black Sea. The name Romania was in Latin late antiquity a widespread abbreviation for the Roman Empire. Romania borders (clockwise from the south) Bulgaria, Serbia, Hungary, Ukraine and Moldova. Romania is a member of the United Nations, NATO, the OSCE and the European Union.

Climate

Moderate-continental transitional climate. July average temperatures are 22-23° C (15-16° C in the mountains), January average -3° C. Rainfall is 350mm per year in the eastern part of the country and 650mm per year in the western part.