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Antalya, March 2007. ROMANIAN INVESTMENT CLIMATE Stimulative for New Business and Expansions Ph.D. Iustina Lutan - Councelor Romanian Agency for Foreign Investment. Eye on Romania. You are looking at your next location in Eastern Europe…. ROMANIA.

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antalya march 2007
Antalya, March 2007

ROMANIAN INVESTMENT CLIMATE Stimulative for New Business and ExpansionsPh.D. Iustina Lutan - CouncelorRomanian Agency for Foreign Investment

slide2

Eye on Romania

You are looking at your next location in Eastern Europe…

ROMANIA

… access to high competencies and a growing market, where the costs are low and the quality is high…

macroeconomic data
Macroeconomic Data

Totalpopulation (million)

GDP per capita (EUR, 2006)

Vienna Institute of International Economic Studies

great potential for growth
Great potential for growth

GDPGrowth rate

Solid economic fundamentals

  • Rapid real GDP growth
  • Declining inflation
  • Declining unemployment, currently at 5.4% (average in 2006)

Steady credit rating improvement

  • Moody’s increased its rating from B3 in 2000 to Ba1 (positive) currently
  • S&P and Fitch ratings increased from B- in 2000 to BBB- (positive) currently

Inflation rate

National Bank of Romania, National Commission for Prognosis

eu financial assistance to romania 2007 2013
EU financial assistance to Romania, 2007-2013
  • Financial support provided by E.U. to Romania during 2007-2013 is up to Euro 30 billion through structural and cohesion funds;
  • Romanian coordinating authority – Ministry of Public Finances
competitive taxation
Competitive Taxation
  • Central and Eastern European countries are trying to follow the successful Irish example – to have faster economic growth through low taxes

CEE-CIS Tax Notes - PriceWaterhouseCoopers

competitive labor cost
Competitive Labor Cost

The average gross monthly wage in Romania is the second lowest after Bulgaria

It is expected to grow by 12% yearly

1213

713

648

637

504

326

181

Slovenia

Czech

Rep

Hungary

Poland

Slovakia

Romania

Bulgaria

Gross monthly wages

EUR

Regional Comparison

2006 - EUR

Vienna Institute of International Economic Studies, Romanian Central Bank

slide8

ValuableHuman Potential

  • high performances in international competitions
  • high percentage of technically competent professionals
  • highest growth rate of IT specialists in the region
  • strong language skills: English, French, German, Italian, Spanish, Russian, etc.
  • large skilled labor force at comparatively low wage rates

Source: National Institute of Statistics

inward fdi performance
Inward FDI Performance
  • Record values in 2004-2006
  • FDI Stock EUR 31 bill.

(1990 –December 2006)

  • EUR 9.1 bill. in 2006

Inward FDI

EUR billion

Regional Comparison

2006, EUR million

Vienna Institute of International Economic Studies

fdi by country and by field of activity 2006
FDI by Country and by Field of Activity- 2006 –

Value of Subscribed Capital

by Field of Activity

National Trade Register Office

slide12

Turkish Investment in Romania

1990 – 2006

Source: National Trade Register Office – Ministry of Justice

slide13

Top 10 Turkish Companies in Romania

Source: National Trade Register Office – Ministry of Justice

automotive industry opportunities
Automotive Industry Opportunities
  • Experience in the field of car makers
  • Automotive component parts – rapidly growing sector: currently over 175 major manufacturers
  • Availability of labor force
    • Labor cost: monthly average salary approx. Euro 250;
    • Total number employed: 120.000;
  • Trained work force
    • 7 colleges in vehicle technology – 500 graduates each year;
    • 25 colleges in mechanical engineering – 1.000 graduates each year;
  • Availability of suppliers and subcontractors
  • Presence of R&D centers
  • Success investment stories in the field
slide15

MAJOR FOREIGN INVESTMENT

in automotive industry

romanian itc industry trends
Romanian ITC Industry Trends
  • High density of Romanian IT specialists (five times higher than in Russia, and seven times than in India).
  • Romanian Olympic students are usually placed in top 4 with China, US and Russia.
  • In Microsoft the second spoken language is Romanian;
  • Low brain drain phenomenon in Romania;
  • IT sector is in constant growing;
  • Major multinational IT companies such as Microsoft, HP, Oracle, Cisco, Intel and Motorola are present in Romania - many of them use Romania as regional headquarters;
strong outsourcing and technology players

700 employees focusing on CRM contact center, application development especially in structured content (eContent)

350 employees primarily in application development, maintenance and integration

570 employees focused primarily on outsourced technical support and outsourced manufacturing

200 engineers focused on application development and R&D.

Romsys is a Lockheed Martin Star Supplier

Founded by Cap Gemini execs, 150 engineers focused on application development primarily for the German and UK markets

Development subsidiary for 2400 employee US-based Tech Team provides application development for the automotive sector

Provides multilingual research services for Frost & Sullivan and other complex BPO for clients like Alfa Romeo and Fiat

200 employees provide technical documentation, drawing and parts inventories for Airbus and other aviation clients

Strong outsourcing and technology players*

*includes company with primary development locations in Romania. Multinationals like Ness and Wipro are excluded

Source: Ministry of Communication and Information Technology

who is a r i s
WHO is A.R.I.S?
  • Established in July 2002;
  • Governmental body under the authority of Prime Minister
  • In charge with attracting and retaining foreign direct investment;
  • “One stop shop” for foreign investors;
  • Interface between investors and central & local authorities;
  • Providing “free of charge” services for new comers and existing investors in Romania;
slide20

Long Term Visa for Commercial Activities

ARIS ENDORSMENT

- ARIS is granting an endorsement to the foreign citizens requesting the long term visa for developing commercial activities in Romania.

NECESSARY DOCUMENTS FOR APPLICATION

-availble on line at: www.arisinvest.ro

VISA REQUEST

– submitted to the Consulates of Romania

- Documents: ARIS endorsement; criminal record certificate or other document with the same legal value; Medical insurance for the visa validity period.

- 1st application – visa granted for 6 months;

-visa extended for new intervals of up to 1 year – granted by the Authority for Aliens

slide21

Review of Major Reasons to Invest Romania

  • Healthy and Predictable Investment Climate
  • EU member state from January 2007
  • Supportive Operational Conditions
  • Favorable Economic Conditions
  • European Structural Funds available
  • Specialized authority in the field of direct investment
thank you for your attention

Thank you for your attention!

Tel: +40 21 233.91.03

Fax: +40 21 233.91.04

Email: aris@arisinvest.ro

Website: www.arisinvest.ro