Create a 16 page essay paper that discusses Romania Risk Assessment.The new state which is now Romania gained independence in 1877 from the traditional Ottoman Empire. The economy of the country is an

Create a 16 page essay paper that discusses Romania Risk Assessment.

The new state which is now Romania gained independence in 1877 from the traditional Ottoman Empire. The economy of the country is anchored on services and production of different electric energy and machines with some of the key companies being OMV Petron and Automobile Dacia. Currently the country is regarded as upper-middle income with a super high human development index.

Despite the continuous growth in the country, there are a number of challenges and risks that the nation faces that it should deal with to see a continuous growth of the economy and cohesion amongst the people. ("Romania: Risk ratings", 2010, Business Europe, 2010)3

Romania is located on the South East of Central Europe. It border black sea between Ukraine and Bulgaria. The country which is 92,043 sq. miles in area size also borders Serbia, Hungary and Moldova. Romania has a population of roughly 20 million with a temperate continental climate. The country’s largest city, Bucharest is the sixth largest city in terms of size and population within the European Union. Romania is within the traditional territories of the former Roman province of Dacia. It was formed in 1859 via a unique personal union of the principalities of Wallachia and Moldavia. The new state which is now Romania gained independence in 1877 from the traditional Ottoman Empire. The economy of the country is anchored on services and production of different electric energy and machines with some of the key companies being OMV Petron and Automobile Dacia. Currently the country is regarded as upper-middle income with a super high human development index. Despite the continuous growth in the country, there are a number of challenges and risks that the nation faces that it should deal with to see a continuous growth of the economy and cohesion amongst the people. ("Romania: Risk ratings", 2010, Business Europe, 2010)

Risk is the potential loss of something of value. When it is not handled