Romanian Eagle

Time passed in a hurry, and 1915 also came to the end of the year.

However, there is still no sign of the war in Europe being settled, and all the participating countries are preparing for the coming year. The two camps of the Entente and the Allies both see next year as the year to decide the outcome. Especially the Allies camp, because Romania provides them with the necessary daily necessities and military supplies, so the German army has performed more strongly this year.

However, this strength is also rapidly consuming its domestic wealth. In the one and a half years after the war, the materials purchased from Romania alone reached 2.43 billion marks. Now Romania is the largest importer of Germany and Austria. With such a high import value, a lot of wealth from Germany and Austria-Hungary was transferred to Romania, and Romania's economy was prosperous.

Now, as long as there is money, a person can make money, and this is basically the production of materials needed by the allied countries with the flow. Now, as much as Romania produces, the Allies can purchase as much as possible, and there is no need to worry about sales. Those rich and powerful German and Austrian businessmen waved their checks to buy in Romania, so now the Romanian economy is completely supported by German and Austrian purchases.

As for Russia on the other side, I am sorry that Russia has no financial resources to purchase large-scale purchases from Romania. Just picking up important material purchases, these are not large amounts. Because the Russian government is still counting on the Allied troops landing in the Dardanelles to defeat the Ottomans, they will receive large-scale material assistance. They are not interested in materials that Romania will price a notch higher at the moment.

However, some long-term businessmen have seen the hidden dangers behind this economic prosperity. While making profits for Germany and Austria, they began to think about the problems after the war. But at present Romania can only trade with Germany and Austria, because the Black Sea Strait is currently impassable and Romanian goods cannot be shipped out.

However, by the end of the year, the Romanian economy, which relies entirely on German and Austrian procurement, has reached a new level. According to government statistics, Romania's Gross National Product (GDP) reached 9.673 billion lei, a 26.5% increase over the previous year.

Due to the strong demand from Austria-Hungary, grain exports have regained the status of Romania's number one export category. Most of them are based on grain processing factories that have sprung up like mushrooms after a rain in Romania. These factories take low-value grains, processed food or semi-finished products for profit. At present, 85% of foreign food products in the German and Austrian markets are produced in Romania. It is these large and small grain processing factories that push grain and its deep-processed products into the largest export category.

The second largest category of Romanian exports remains petroleum and its chemicals. Thanks to a large number of vehicles in Germany and Austria being used for military transportation, and traditional American oil could not come in in the past, only Romanian oil could be purchased. Oil is still the main force of Romania's exports this year. The total difference between oil and food is not too big, only 40 million lei.

This year, the export of automobiles fell to the third place.

Among them, the closure of the Black Sea Strait has caused the automobile manufacturing industry to lose markets in western and southern Europe. And because Germany and Austria imported high-priced oil, it further suppressed the desire of the two countries to buy vehicles. Now the main force of the Romanian car manufacturing industry, Volkswagen does not have the deep pockets it had before. It can only produce heavy trucks at a low speed and sell some auto parts to relieve the pressure on the company. At present, Volkswagen factory employees have dropped from 87,000 at their peak to 79,000 now. If it weren't for the rapid wear and tear of vehicles on the battlefield, the automobile manufacturing industry would almost be unable to keep its third position.

Germany and Austria have contributed to the prosperity of Romania through a large number of purchases, and Prime Minister Bretianu is also not small. So at the end of the year, in order to recognize the Prime Minister's achievements, Eder personally awarded him the Royal Knight Medal. When the medal was awarded, the Chief of the General Staff, General Preshan, and the Minister of the Army, General Courtois, were also present to congratulate the Prime Minister. This is Eder's attempt to ease the relationship between the government and the military, which has become a bit deadlocked because of the cost of the militia.

Of course, Romania's economic momentum is rising violently, so the growth of government revenue will not slow down. According to the statistics of the Ministry of Finance, in 1915, Romania's fiscal revenue reached a record high of 1.24 billion lei, an increase of 27.4% over the previous year.

Among them, customs tax is still the largest tax in Romania. From this, we can see the importance of exports to Romania, which is also what Eder is worried about. Because the current population of 10 million in China cannot allow the industry to grow and develop at all. The domestic population is not enough to support the development of the economy, which will become the most urgent problem that Romania needs to solve after the war.

So, with the exception of Transylvania and Bessarabia, where Romanians are the majority. Taking more territory from collapsing Austria-Hungary and Russia will be the primary objective of Romania in the future. Among the rich Ukrainian granaries, Romania also needs a part.

In addition to the customs tax, which has always been the first, the industry and commerce tax has been the second largest tax from five years ago. Especially in recent years, the industrial and commercial tax has gradually increased its proportion in the tax revenue. Now it is close to 85% of the customs tax, ranking the second largest tax in Romania.

In addition to these two taxes, then there are agricultural taxes, personal income tax, value-added tax, and so on. Fiscal revenue, in addition to various taxes, of course there are other revenue. Such as the paid profits of state-owned enterprises, land income and so on. These are powerful supplements to government revenue, especially the paid profits of state-owned enterprises, which account for the bulk of supplementary revenue.

Now the Constanta Steel Plant, the Romanian Chemical Plant, etc., a group of state-owned enterprises that rely on German loans have all grown and grown. Although these state-owned enterprises have factors such as corporate bloat, improper management, and slow market reaction. However, relying on its rapid economic development in Romania, these enterprises have grown.

For example, the Constanta steel plant, from the initial establishment of 2,400 employees, has assets of 62.5 million lei. It has grown to 5,800 employees and has assets of 165 million lei. This is because there is only one steel plant in Romania now, and the steel it produces depends entirely on the protection of tariffs to develop and grow. Therefore, in Romania, the products of the Constanta Steel Plant have always been the main force used in various industries. Other steel mills are no match for the government-escorted Constanta steel mill.

In fact, in addition to good economic development this year, Romania has also invested heavily in people's livelihood. There have been significant improvements in areas such as medical care, education, transportation, and public security. These are all aspects of the people, so now the Romanian people are full of expectations for the future. This is also very beneficial for Edel's future plans.

PS; I'm sorry for the lateness. This chapter has a pain in my head. It's completely a white paper on Romania's economic development. It's so hard to write. ()

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