Key Competitive Attractions
Romania is the 7th largest market in Central and Eastern Europe, with a population exceeding 21 million people. Romania is strategically situated, geographically and economically, to tap into EU markets, as well as 500 million consumers.
Well positioned between EU, Balkan and CIS countries, Romania is intersected by three major pan-European transport corridors: Corridor 4 (Western to Eastern Europe), Corridor 9 (Northern to Southern Europe) and Corridor 7 (inland water transport – the Danube River connects the Romanian Port of Constanta to Northern Europe, via the Rhine.)
Key Competitive Advantages:
- Stable economy – a member of NATO, the EU, the UN, WATO and other international organisations, such as OSCE, and the Council of Europe and International Organisation of La Francophonie.
- Bilateral agreements on investment promotion and protection
- Diplomatic cooperation with 177 of the 191 UN member states, as well as with the Holy See, the Palestinian National Authority, and the Sovereign Military Order of Malta.
- Free Trade Agreements with EU, EFTA, and CEFTA.
- Tax exemption on reinvested profit
- State aid schemes to encourage investors to do business in Romania
- Increasing interest rates for the benefit of foreign investors
- The leading country in the region for FDI levels (A.T. Kearney FDI Confidence index, 2010).
- Attractive and stable fiscal policy with a 16% flat tax.
- Continuously developing infrastructure
- Well-developed mobile telecommunications infrastructure in GSM systems
- Modern industrial infrastructure, including clusters in oil and petrochemicals
- Presence of numerous branches of major international banks
- Substantial maritime and river navigation infrastructure.
- Almost 50 industrial parks and zones
- The biggest Port in the Black Sea – the Port of Constanta.
Labour:
- Highly skilled labour force at competitive prices
- Notable skills in technology, ICT and engineering
- Multilingual
- Rich natural resources, including water, fertile land, oil and gas
- Vast potential for activities in the tourism sector
- Low labour costs in Europe
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