GOLF SUPPLEMENT - FORUM PARTICIPANTS

Romania

08 mar. 2011 English Section
A. A. (Translated by Cosmin Ghidoveanu)
Romania
  • document ataşat
    România
    apasă aici pentru a descărca

    Romania is expected to return to economic growth in 2011, after a 1.2 percent drop in 2010. Even though, in the beginning of the crisis, the government didn"t seem to be aware of the effects of the international economic turmoil, in 2009 they were forced to resort to an agreement with the international financial institutions, to sustain the budget deficit.

    The agreement of 20 billion Euros with the International Monetary Fund, the World Bank and the European Commission was accompanied by drastic austerity measures, which were adopted in mid-2010. The VAT was raised from 19 to 24 percent, and wages in the public sector were slashed by 25 percent.

    As a result, inflation climbed to 8% in 2010. According to IMF estimates, economic growth will be fueled by exports and industry this year. According to analysts, adjustments are sorely needed when it comes to tax evasion, the pension system, agriculture, infrastructure and management abilities. In their opinion, predictability and stability is needed to encourage foreign investments that Romania is depending on.

    Advantages that Romania offers to foreign investors

    When considering Romania as a possible location for their businesses, foreign investors weigh the benefits offered by Romania. These are presented by the Romanian Center for Promoting Trade and Foreign Investments as follows:

    Market and location

    - one of the largest markets of Central and Eastern Europe gateway to the European Union

    - attractive location: situated on the inflection between the EU, the Balkans and the countries in the CIS, Romania is crossed by three pan-European corridors: Corridor IV, which connects Eastern Europe to Western Europe, corridor IX, which connects Northern and Southern Europe, and corridor VII - the Danube, which facilitates river transports, by connecting the port of Constanţa with Northern Europe, through the Rhine.

    Resources

    - skilled, competitively priced labor (solid skills in foreign languages, technology, IT, engineering etc.)

    - rich in natural resources, oil and natural gas, fertile soil

    - high potential for tourism.

    Politics

    - EU member country

    - stability factor in the region - NATO member

    Foreign relations

    - treaties and bilateral agreements with other countries on avoiding double taxation, and promoting and protecting investments, respectively

    - bilateral diplomatic relations with 177 out of the 191 members of the UN, plus the Holy See, The Military Sovereign Order of Malta and the National Palestinian Authority.

    - member of the UN and other international organizations

    - free trade agreements under the "EU Common Trade Policy"

    - founding member of the WTO.

    Legislation

    - legislative provisions of the EU

    - fiscal policy regulated by the Fiscal Code.

    Other benefits

    - well developed GSM networks

    - well developed industrial infrastructure, including in the oil and petrochemical sectors

    - the presence of numerous international banks

    - maritime and river transportation facilities.

    <link>http://www.bursa.ro/supliment-golf-participanti-la-forum-romania-115055&s=companii_afaceri&articol=115055.html<link2>România<link3>

    Capitala : Bucureşti

    Moneda / Currency: Leu (RON)

    Rata inflaţiei / Inflation rate: 2010 - 8%; 2009 - 4,7%


    Opinia cititorului

    Articole din aceeaşi secţiune

    English Section

    MREPORT BY TRANSPARENCY INTERNATIONALCorruption, an imported product
    14 sep. GEORGE MARINESCU (translated by Cosmin Ghidovean)


    DEPUTY VIRGIL POPESCU, VICEPRESIDENT OF THE COMMISSION FOR INDUSTRIES AND SERVICES"Revenues from the exploitation of natural gas in the Black Sea need to return to the energy sector"
    07 sep. Adelina Toader (translated by Cosmin Ghidovean)


    MRS. FIREA'S VERBAL BOMBSThe mayor of Bucharest continues the war with the internal affairs minister
    05 sep. George Marinescu (translated by Cosmin Ghidovean)


    Europe is seeing the specter of the "stones of hunger"
    31 aug. Călin Rechea (translated by Cosmin Ghidovean)


    American record: the Nasdaq has exceeded the 8,000 points level
    29 aug. Andrei Iacomi (translated by Cosmin Ghidovean)


    Darius Vâlcov digs up the IPO of Digi Communications
    27 aug. ADELINA TOADER (translated by Cosmin Ghidovean)


    Highways keep collapsing - this time in Germany
    23 aug. Călin Rechea


    THE NATIONAL MINERAL RESOURCES AGENCY, IN A NOTIFICATION TO THE PRIME-MINISTER:The failure to update the natural gas royalties has caused a loss of 8 billion lei to the state budget
    20 aug.


    "In 1997, the Lombard interest rate rose from 50% to 674%, in one night"
    15 aug.


    "Banks of the future need to speak the same language as the new generations"
    08 aug.





    <<
    Back
    Accesează
    versiunea desktop

    Copyright MetaRing © 2003-2018.
    Toate drepturile rezervate.

    Legea copyright-ului şi tratatele internaţionale protejează acest site. Nimic din acest site ori din site-urile afiliate nu poate fi reprodus sub nici o formă şi în nici un fel fără permisiunea în prealabil scrisă de la Grupul de Presă BURSA.