Romania your EU trade partner

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Romania your EU trade partner

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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

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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.

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

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

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 countries

Business 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

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.

Simple yet efficient

→ website: www.ccri.ro

→ promotion partnership, large visibility for your business at cost efficient prices.

→ Romania - biggest European potential for fast and high profit rate business

→ interest areas are multiple

→ most attractive: real estate; IT&C; bio-fuels

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.

→ 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

→ 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.

→ 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).

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)

→ 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-speakingpopulation

The education system remains broad andhigh quality

(source ARIES)

→ 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)

→ 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)

– 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)

The most important advantages are:

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)

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

No. 2-6 Virgil Madgearu Street, 3rd floor, sector 1, BucharestPhone/Fax: +4 021 232.90.12; 232.90.88

E-mail:[email protected] www.ccri.ro