In October 1998, Romania imposed a 6% surcharge on all imports. Though this would be reduced to 4% starting from January 1999, then to 2% in January 2000, before being completely abolished by January 2001.[5]
10-30 June – 1998 FIFA World Cup: Romania tops Group G (notably besting England) and makes it to the Round of 16, where it loses to Croatia on 30 June. This remains Romania's last showing to the FIFA World Cup to date.
19 July-2 August – 1998 Goodwill Games: Romania wins 1 Gold, 3 Silver and 5 Bronze.
Romania's 1998 nominal GDP was the country's largest throughout the 1990s, and the only one in the decade to exceed $40 billion.[19]
1998 was the first year in Romania's post-Communist history when the country's external debt decreased, down to $9.7 billion from $10.4 billion in 1997.[20] The latter was greater than the Ceaușescu-era peak of $10.2 billion in 1981.[21]
1998 was the last year in which the state had a majority share in any of Romania's main economic sectors: industrial output (54%), exports (51.1%), imports (51.7%) and investment (59.5%).[22]
In 1998, more than 98% of the tractors used in Romania were Romanian-made.[23]UTBBraşov produced 9,436 tractors in 1998, though the vast majority of these were for export.[24]
In 1998, Romania produced 6.4 million metric tons of steel, slightly above the country's average for the 1994-2000 period. The country had the 3rd largest steel output within the former Warsaw Pact, behind only Russia and Ukraine. Romania's 1998 steel output accounted for most (53.3%) of the output of the entirety of Central and Eastern Europe, as well as more than the combined output of all non-Russian and non-Ukrainian CIS member states.[25]
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