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Romania your EU trade partner

Romania your EU trade partner.

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Romania your EU trade partner

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  1. Romania your EU trade partner

  2. Romania, facts and figures→ Population of approx. 20 million; 7th in Europe and largest in Southeast Europe→ In the third trimester of 2006 the GDP was 6,9% higher than during the same time in 2005→ Inflation in October 2006 was 3% in comparison with December 2005, 1.3% under the EU-25 average and 0,8% lower than Bulgaria. NBR forecasts 4% inflation in 2007.→ EU accession at January, 1st 2007→ Romania shows at this moment the biggest European potential for fast and high profit rate business

  3. Bilateral relationships scenery→ bilateral commerce & industry chambers' activity is supported at the highest level: the presidency→ these chambers are reunited in the Union of Bilateral Chambers of Commerce and Industry of Romania→ Romanian president, Mr. Traian Basescu, appreciated the role these organizations have as promotion instruments for efficient trade relations → he underlined the need to develop the business environment in the legislative predictability context, especially in fiscal areas.

  4. Romania-Ireland Chamber of Commerce and Industry→ created in October 2006 to be a „marriage broker” for companies seeking joint venture→ under the distinguished honorary presidency of HE Mr. Padraic Cradock, the Irish Ambassador to Romania→ offers services in four areas: informational; financial; relational and social

  5. Networking→ One of the most important roles: offer the opportunity of gathering in a focused business environment. → Meetings with local and central administration→ Counseling and support in business opening in Romania→ Counseling and support in finding residence in Romania→ Counseling and support in all aspects concerning Romania

  6. Data base→ CCRI, member of the Union of Bilateral Chambers of Commerce and Industry of Romania→ able to offer you a larger business opportunities data base→ consistent economic missions options in Romania and other countriesBusiness Resources→ Getting informed in the most comfortable way: both time and effort saving. → important news from politics to general economic climate, focused business or even cultural aspects

  7. CCRI Member Discounts→ member-to-member discount policy→ offering all members special rates at hotels, restaurants, beauty saloon and even airplane tickets, legal services, accountancy services.

  8. Simple yet efficient→ website: www.ccri.ro→ promotion partnership, large visibility for your business at cost efficient prices.

  9. → Romania - biggest European potential for fast and high profit rate business→ interest areas are multiple→ most attractive: real estate; IT&C; bio-fuels

  10. Real estate→ Romania's EU accession brings more confidence in its real estate market→ Our market = the most dynamic and with highest growth potential in eastern Europe→ Its large populace and the average income undergoing significant growth, as well as more disposable income - leisure or investment oriented - picture an improvement in life quality and the economy's development.

  11. → businesspeople obtain from Romanian real estate developments a profit range between 20-30% depending on the size and type of development→ investors can get yields between 7-9% depending on the investment type, city and taken risk→ such yields are over the European average

  12. → Keeping in mind the previous years' experience, the capital will be proportionally distributed on each market segment, depending on yields obtained and risk involved→ we forecast that residential and commercial market sectors will still be the most attractive.

  13. → Because the market focuses in particular on Bucharest, the capital, the investment funds look are more interested by this area→ Yet the market becomes more and more interesting – both for large and smaller investors - in other major cities such as:Constanta (in the east and port to the Black Sea),Brasov (central area), Iasi (in the north-east), Timisoara & Arad (in the west, close to the Hungarian border), Cluj Napoca & Oradea (in the north-west).

  14. IT&C→ Overall Business Environment16% flat tax on profitsNumber One reformer in Europe in terms of business environment→ Benefits to IT IndustrySoftware developers are exempt from payroll and income taxes Investment imports of hardware and software are exempt from customs→ IT Infrastructure Deployment€300 vouchers to subsidize home computer purchase for families with school age childrenPlanned €69M program to boost rural broadband and IT deployment for small companies(source ARIES)

  15. → Romania has a large trained workforce in “non commodity” European languages (plus English and German)→ WhyRomania speaks a Latin language, is bordered by Slavic-speaking countriesand has a sizable German-speakingpopulationThe education system remains broad andhigh quality(source ARIES)

  16. → Ten years before Norbert Wiener, genius Stefan Odobleja set cybernetics' milestone in his work „Consonantal Psychology”. → IT research history includes the successful first Romanian computer and computer network no matter the obstacles existent in the communist regime.(source ARIES)

  17. → Romania proposes a unique combo of advantages, doubled by a skills' mix of the young specialists: IT&C skills, multilingual abilities and specialization in a technical or economic area(source ARIES)

  18. The most important advantages are: • Maths and informatics tradition • Western companies' culture • Exceptional geographic position which translates into market access • Proficient educational system • Best quality human resource • Proficient and dynamic companies • Governmental support for IT&C • Pool of multinational companies (source Aries)

  19. Romanian human resource: → Romania ranks 3rd in the BrainBench studies made on the number of specialists with IT&C certificates → according to World Electronics Forum (Paris, 2000) in 2008 Romania will be the only specialists' source in Europe → Romanian specialists are proficient in everything concerning creation (excellent research and development operations) → Romania is the most advanced Eastern European country in chip design → Some of the most important companies are Oracle, Alcatel, Infineon, Siemens, Adobe, Katrein, Motorola, Alvarion Breze, Intel Capital → developing profitable activities, insured by the opportunities in Romania (source ARIES)

  20. Biodisel, the future's „black gold” → the EU is the largest bio fuels producer, covering 75% from the global quantity → as an EU member, Romania will have to use 5,75% biodisel fuels by 2010 → forecasts: the development in Romania of more green cultures to obtain the fuels → 2007 & 2008 – boom in bio fuels production in Romania → 6 units to start production in southern counties → both Romanian and foreign investors expressed interest in this field: Petrom, Rompetrol & Lukoil, SC Ulerom SA, Exapur, Autoelite SRL, Martifer Consortium

  21. No. 2-6 Virgil Madgearu Street, 3rd floor, sector 1, Bucharest Phone/Fax: +4 021 232.90.12; 232.90.88 E-mail:ccri@ccri.ro www.ccri.ro

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