donderdag 25 augustus 2011

invest romania

Taking notice of Romania’s competitive advantages, smart investors realize that the greatest benefit of investing in our country is that the Romanian business climate provides a platform for reaching broad business objectives that might include penetrating new markets, globalizing company operations, or establishing new supply-chain partnerships.

Only through a strong infusion of capital, technology, and methods of modern management, through opening towards the external markets, Romania will be able to determine an important change of structure of the economy, an increase of its performances, and of its competitiveness at an international level.

When considering Romania as a possible location for developing their businesses, the foreign investors might benefit from the advantages offered by Romania:

Market & Location Advantage

One of the largest markets in Central and Eastern Europe (over 21 million inhabitants)
Market is growing, there are increasing business opportunities, while the entry barriers remain low
Attractive location: allowing an easy access to the countries of the former CIS countries, Balkans, the Middle East and Northern Africa
Attractive location: at the junction of three prospective European transportation corridors no. 4, 7 & 9

Resource Advantage

Skilled labor force, with solid knowledge in technology, IT and engineering
Rich natural resources, including fertile agricultural land, oil and gas
An important potential for tourism
Political Advantage

Stable executive power

Government - more responsive to the dialogue and suggestions of the business community
Stability factor in the Area -NATO member
Stability Guarantee in South Eastern Europe
EU membership on January 2007
IR Advantage

Bilateral agreements between Romania and other countries for investments promotion and protection

Bilateral diplomatic relations with 177 out of 191
Member of the UN and other international organizations, like: OSCE, Council of Europe and International Organization of La Francophonie
Free trade agreements with EU, EFTA countries, CEFTA countries
WTO member since January 1995
Economical Advantage

Sustainable economic growth

Year 2005 - the 6th one of continuous growth for the country
Functional Market Economy status
Decreasing inflation
Permanent financial assistance for SME's Development
Increasing interest of foreign investors
Privatization program still including some very interesting companies
Commitment of investment funds present in the country to develop their business and the association of the government with international financial institutions, such as IMF, EBRD, World Bank, and the EU Commission

Improving Infrastructure Advantage

Well-developed networks of mobile telecommunications in GSM systems
A highly developed industrial infrastructure, including oil and petrochemicals
The presence of branch offices and representatives of various well-known international banks
A newly developed highway infrastructure
Commitment to improve the highway infrastructure to EU standards
Extensive maritime and river navigation facilities

Social and Education Advantage

Agreement between Government and Major Unions
No major Union Movements
Permanent dialogue with the employees associations
Labor relations regulated by the Labor Code
Foreign languages largely spoken in the main cities
Good housing, schooling, shopping, etc. options

Legislative Advantage

Good law and order
Legislation compatible with Acquis Communautaire
Similar legal provisions as in UE
Healthy fiscal policy regulated by the Fiscal Code
Competitive tax policy: 16% flat tax

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