Known also by its traditional name of Moldavia, the North-East Region of Romania is an area in which history, culture and traditions complement the attractive surroundings. This area has long been seen as a romantic and unknown outpost of Europe. In our days it is part of the eastern border of the European Union and NATO.
North-East GDP represents 10.26% of Romanian’s GDP. However, a remarkable change of gross domestic product per inhabitant in purchasing power standard can be noted between 2009-2013 – growth of 18.52%. The employment rate for young people (15-24 years old) at regional level exceeds national media (22.5%) and attains the first among the other regions place with percentage of 29,3%.
The North-East Region has a population of 3,3 million people and a surface of 36,850 km2 (slightly bigger than Belgium that has 30,528 km2). With this in mind, among the eight regions of development, North-East Romania is the largest and most populated region.
The North-East Region innovative development is manifested mainly in the following key sectors: agro food, biotechnologies, textile and new materials, IT&C, energy and environment, healthy and healthy ageing.
The ITC area in North-East is consisting of 3 sub-sectors: software and IT services, telecommunications and hardware, with many global actors present in the region. Our ITC capacities represents one of the main areas in our Smart Specialisation, therefore different clusters are active: ICONIC (23 members), EURONEST IT&C Hub (14 members). Beside this, Iasi was awarded the title “Emerging City of the Year” at CEE Shared Services and Outsourcing Awards Gala in Warsaw, Poland (2018). Gemini CAD Systems, the leading global supplier of technology for industries working with soft flexible materials, such as textile, composites or leather, has its headquarters in Iasi, the biggest city of North-East Region. Their activity includes research, development and implementation of software, hardware and workflow solutions for apparel, furniture and automotive, with focus on computer aided design (CAD) and computer aided manufacturing (CAM) applied in the cutting room.
Textiles represent 15% of the economic activity in North-East, while the main enterprises are located in Iasi and Botosani (Rifil SA, Carreman Romania SA, Iasitex). The sector is concentring mainly on the preparation of fibres and spinning but also on the manufacturing of clothing. A textile cluster, ASTRICO Nord-Est, is present in our region, with an industrial agglomeration being present in the Metropolitan Area of Iasi and the Municipality of Neamt. ASTRICO is providing more than 2,600 jobs in our region and it’s responsible for 20% of Romania’s textile exports.
Another front runner from our region is North East Regional Innovative Cluster for Structural and Molecular Imaging (Imago-Mol), the only medical imaging cluster in Romania. Both Imago-Mol and Astrico were bronze certified for Cluster Management Excellence by ESCA.
In the region there are 3 international airports – Iași, Bacău and Suceava, serving both domestic and foreign flights. Iași Airport also offers general cargo facilities.
Read more about the North-East Region here.
Iasi is the most important political, economic and cultural center of the North-East Region as well as one of the oldest cities in Romania, Capital of the United Principalities (1859 – 1862) and Capital of Romania (1916 – 1918). Iasi was for many centuries the crossing point of the most important commercial routes linking Poland, Hungary, Russia and Constantinople. Deeply rooted in history and known as the Cultural Capital of Romania, Iasi has been the main center of Moldavian culture since 1408. The city prides itself with publishing the first Romanian newspaper and establishing the first Romanian university. Iasi is also the home city of George Emil Palade, the only Romanian who was ever awarded the Nobel Prize in Physiology and Medicine back in 1974.
- Iasi is the main city of the North-East Romania.
- Home to the oldest university in Romania and to the first engineering school
- One of the most important education and research centers of the country (more than 60.000 students in 5 public universities)
- The 1st National Theatre in Romania
- The 1st botanical garden in Romania