Galati Industrial Park
Safe and successful business

  • ROMANIA – A SOLID PARTNER FOR BUSINESS

Romania, EU member
As an EU member, Romania is the gateway to one of the largest single market in the world (access to approximately 500 million consumers). So enjoy the free trade relations with a large number of countries, including EFTA, CEFTA and Mediterranean countries.
Romania is a NATO member that is a factor of stability in the area;
Romania, a member of the UN and other international organizations such as IMF, OSCE, WTO.

  • Romania, the market for:

Romania is the largest market in South-East Europe
It is also the 2nd largest market in Central and Eastern Europe, one of the largest international market in the European Union (EU 9th in terms of size and the 7th largest market Member States whose population exceeds 19 million inhabitants stable);

  • Romania has a strategic location:

It is situated at the crossroads of three major markets: EU, CIS and Middle East;
It crossed three major corridors Pan – European: no.4 (linking Europe from West to East), no. 9 (north to south) and No. 7 (inland waterway transport on the Danube);
Has access to one third of the Maritime Danube;
Has access to more than 200 km from the Black Sea;

  • Doing business in Romania is characterized by:

Free market economy;
Business hub for the rest of South-East;
Competence center for technology-based global market;
Financial support for business development;
Friendly business environment designed to encourage entrepreneurship;
Access to Western Europe through the Rhine-Main-Danube;
Significant tourism potential;
Cost-effective fiscal policy, encouraging entrepreneurship, corporate investments and business initiatives;
The low rate of inflation;
Rich in natural resources, including agricultural land and significant mineral deposit;

  • Fiscal consolidation:

Pricing procedures are in accordance with EU regulations and the OECD;
There are long-term stability due to internal tax system harmonized with the “acquis communautaire”;
One of the lowest levels of EU sovereign debt as a percentage of GDP (34%), compared to the European average (82.5%);
It is possible to carry tax losses continued to 7 years;
To equipment, machinery can apply accelerated depreciation;
There are exemptions from taxes on buildings and land applied by local councils in Romania on state aid schemes;
There are tax incentives for research and development: additional deduction of 20% of eligible costs for research and development;

  • Taxation:

The fees in Romania are:
16% flat income tax;
24% standard VAT rate;
9% reduced VAT rate on medicines, books, hotels, museum and theater tickets, etc;
5% VAT reduced rate for the supply of social housing;

  • Data on academic and labor at national level:

10 major universities;
106 universities, 631 colleges;
125,000 university graduates each year;
Young population, more than 50% under 40 years;
Availability of engineers in technical fields;
Highly qualified workforce at competitive wages, the 2nd lowest in the EU;
Vast industrial experience;
The high percentage of technical professionals;