Italy–Romania relations
Italian-Romanian relations are foreign relations between Italy and Romania. Both countries established diplomatic relations on 21 April 1873. Italy has an embassy in Bucharest and five honorary consulates. Romania has an embassy in Rome, five general consulates, two general honorary consulates and two honorary consulates.
Both countries are full members of NATO and of the European Union. As of December 2017, there are around 1,168,552 people of Romanian descent living in Italy, being considered the largest foreign community in the country.Relations between Italy and Romania have traditionally been close due to a shared Latin identity and similar languages. During World War I, both countries fought the Austro-Hungarian Empire, and during World War II, contributed hundreds of thousands of troops to the Eastern Front where many died fighting the Soviets. More recently, after the collapse of the Soviet bloc, over a million Romanians moved to Italy for work and better living conditions.Companies
Several Italian banks are operating in Romania: Banca Italo Romena, Intesa Sanpaolo Bank and UniCredit Bank. The latter, had been in a partnership with Romanian former tennis player and business man Ion Ţiriac, between 2008 and 2015.
