Territory - city
Timișoara is the capital city of Timiș County, in western Romania. One of the largest Romanian cities (the third most populous city in the country, as of 2011), with a population of 319,279 inhabitants, Timișoara is considered the informal capital city of the historical region of Banat. It is the main social, economic and cultural centre in the western part of Romania. The city is a candidate to become, in 2021, the European Capital of Culture. As of 2011 census data, Timișoara has a population of 319,279, while the proposed Timișoara metropolitan area would have a population of 384,609.
In the 19th century, the railway system of the Hungarian Kingdom reached Timișoara. It was the first city in the country with international routes economic boom as the amount of foreign investment, especially in high-tech sectors, has risen. In terms of living standards, Timișoara ranks fourth nationwide. In an article in late 2005, French magazine L'Expansion called Timișoara Romania's economic showcase, and referred to the increased number of foreign investments as a "second revolution". Apart from domestic local investment, there has been significant foreign investment from the European Union, particularly from Germany and Italy. But like most of Romania, Timișoara experienced economic slowdown in 2009, due to the global economic downturn.
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