Best of Romania

ROMANIA - A SOLID BUSINESS PARTNER

Romania, EU member
As an EU member, Romania is the gateway to one of the largest single markets in the world (access to approximately 500 million consumers). Thus, it enjoys free trade relations with a significant number of countries or groups of countries, including EFTA, CEFTA and the Mediterranean countries.
Romania, NATO member
The fact that Romania is a NATO member is a factor of stability in the area;
Romania, member of UN and other international organizations, such as: IMF, OSCE, WTO.

Romania, as a market:

Romania is the largest market in Southeast Europe

It is also the 2nd largest market in Central and Eastern Europe, one of the largest domestic markets in the European Union (9th in the EU in terms of size and 7th largest market of the EU Member States with a stable population of more than 19 million);

Romania has a strategic location:

It is located at the intersection of three major markets: the European Union, the Commonwealth of Independent States and the Middle East;
It is crossed by three important Pan-European corridors: no. 4 (connects Europe from West to East), no. 9 (from north to south) and no.7 (transport on inland waterways on the Danube);
It has access to 1/3 of the Maritime Danube
It has access to over 200 km from the Black Sea coast;

The Romanian business environment is characterized by:

Free market economy;
Business hub for the rest of Southeast Europe;
Competence center in the global market based on technology;
Financial support for business development;
Friendly business climate designed to encourage entrepreneurship;
Access to Western Europe via the Rhine-Main-Danube canal;
Significant tourist potential;
Cost-effective fiscal policies, encouraging entrepreneurship, corporate investment and business initiative;
Rich in natural resources, including agricultural land and significant mineral deposits;

Fiscal consolidation data:

Pricing procedures are in line with EU and OECD regulations;
There is long-term stability due to the 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%);
There is the possibility to carry the tax losses further, up to 7 years;
Accelerated depreciation can be applied to equipment, installations, cars;
There are exemptions from the payment of taxes on buildings and land applied by local councils in Romania based on state aid schemes;
There are fiscal incentives for research and development: additional deduction of 20% of eligible expenses for research and development activities;

Charging data:

The following taxes are levied in Romania:
10% single profit tax rate;
19% standard VAT rate;
9% VAT reduced rate for medicines, books, hotel accommodation, museum and cinema tickets, etc..;
5% VAT reduced rate applied to social housing deliveries;

Data on the academic environment and the workforce at national level:

10 important university centers;
106 universities, 631 faculties;
125,000 university graduates per year;
Young population, more than 50% under 40 years;
Availability of engineers in technical fields;
Highly qualified labor force, at competitive wages, the 2nd lowest in the EU;
Extensive experience in the industrial field;
The high percentage of professionals from a technical point of view;