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Industry, Commerce and Services

Advantages of investing in Romania. Relocate or open a new business.   The advantage of investing in Romania is not only related to the relocation of production, strong point of the massive presence in the country of foreign investors in sectors "historians" such as manufacturing, clothing, footwear, transport and agriculture, but also the excellent prospects for those working in areas such as environment, energy, commerce, services and tourism, infrastructure and finance. From January 2004 until December 2009, compared to january 2007 - Romania's accession to the European Union, the sectors with the highest growth which the foreign direct investment (FDI) were channeled towards  were: Banking and Insurance: +700% up to 2007, +950% up to 2009; Construction and real estate transactions: + 250% up to 2007, +800% up to 2009; Commerce (wholesale and detail): + 380% up to 2007 + 550% up to 2009; Industry: +220% up to 2007 + 400% up to 2009; Energy and Water: +200% up to 2007, + 450% up to 2009; Information and Telecommunications: +200% up to 2007 + 300% up to 2009; Transport: + 260% up to 2007, +350% up to 2009; Hotels and restaurants: + 100% up to 2007, +220% up to 2009.   Infrastructure Romania has a pretty good road network, although most 2-lane highway and 323km of 1.000km to be ready by 2014; better rail system, through which the most part of the traffic of goods is made. Inland waterways are widely used for trade and transport. The main ports are those of Constanta at the Black Sea, Galati, Braila, at the lower Danube; Giurgiu, from which there are several pipelines towards the oil fields of Ploiesti, is an important river port. Aerial communications, backed by companies such as Tarom, Carpatair and Blue are also expanding. The major airports in the country are Bucharest, Constanta, Timisoara, Cluj, Oradea, Bacau, Sibiu, Iasi and Tulcea.   Why invest in Romania: 16% flat rate tax on profits, 10% tax on dividents ; VAT rate: normal 24%, reduced : 9% and 5%; Net medium salary 280 €/month (total for company 500€/month); Low inflation rate (2007 - 4.8%, 2008 - 6.1%) and currency influenced by the Euro ; Over the past six years, Romania’s economic growth was among the highest ones in Central-Eastern Europe; It's the second biggest market in Central and Eastern Europe, after Poland; European funding grant and incentives for entrepreneurial initiatives; It’s a country where the right of ownership and investment protection is absolutely guaranteed by law; Is there a banking system of support. The big banks have followed the investors, also, and above all, attracted by the possibility of business: Groupe Societe Generale, Unicredit Bank, Raiffeisen Bank, HVB Bank, ING Bank, San Paolo-IMI, Banca Veneto, ETC. Compared to China, India and other countries that have a more favorable labor cost, Romania is preferable because it is protected from possible threats and customs duties, international tensions, technical difficulties (language-culture-law and different customs, etc..) ; Raw materials and energy have a low cost; No restrictions on export of capital; 50% of town people speak english or italian.