Renaud

When considering Romania as a possible location for developing their businesses, foreign investors take a close look to the advantages provided by our country:

Market & Location Advantage

• One of the largest markets in Central and Eastern Europe (ranking 7th , with over 21 million inhabitants);
• EU unique market gateway (access to approximately 500 million consumers);
• Attractive location: situated at the turning point between EU, the Balkans and CIS countries, Romania is crossed by three important pan-European transportation corridors: no. IV linking Western and Eastern Europe, corridor no. IX connecting Northern and Southern Europe and no. VII - Danube River, facilitating inland water transportation.

Resource Advantage

• Highly skilled labor force at competitive prices (solid knowledge in foreign languages, technology, IT, engineering, etc);
• Rich natural resources, including surface and underground waters, fertile agricultural land, oil and gas;
• High potential for tourism.

Political Advantage

• Stability factor in the Area - NATO membership;
• Stability Guarantee in South Eastern Europe;
• EU membership.

IR Advantage

• Bilateral agreements between Romania and other countries on investments  promotion and protection (click here to view);
• Bilateral diplomatic relations with 177 out of the 191 UN member states, plus the Holy See, the Sovereign Military Order of Malta and the Palestinian National Authority;
• 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;
• Decreasing inflation;
• Increasing interest on behalf of Foreign Investors – leader destination for FDI in the region (source: Ernst&Young, SEE Attractiveness Survey – SouthEast Europe: An Emergent FDI Destination in Europe, April 2008);
• Sound fiscal policy (16% flat tax).

Social Advantage

• Agreement between Government and major unions;
• No major union movements;
• Labor relations regulated by the Romanian Labor Code.

Legislative Advantage

• Similar legal provisions as in UE  (Acquis Communautaire implementation);
• Fiscal policy regulated by the Fiscal Code.

Other Advantages

• Continuously improving infrastructure (commitment to improve the highway infrastructure to EU standards);
• Well-developed networks of mobile telecommunications in GSM systems;
• Highly developed industrial infrastructure, including oil and petrochemicals;
• Presence of branch offices and representatives of various well-known international banks;
• Extensive maritime and river navigation facilities.

Source: ARIS