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Doing Business in Romania
Contact & Social Networks
Subject. Foreign Trade and Business in Romania - Bucharest.
Introduction to Romania (European Union);
Doing Business in Bucharest;
Romanian Economy;
Romanian Foreign Trade;
Foreign Direct Investment (FDI) in Romania;
Case Study: structure of marketing and sales promotion in the Romanian market;
Access to the Romanian Market;
Business Plan for Romania.
Objectives
The objectives of the subject “International Trade and Business in” Romania” are the following:
To analyze the Romanian Economy and International Trade;
To know the business opportunities in the Romanian market;
To analyze the trade relations of Romania with the country of the student;
To know Romanian trade agreements as a member of the European Union (EU);
To develop a business plan for the Romanian Market.
Related Education
Masters and Doctorate in International Business adapted to the Romanian Students .
Foreign Trade and Business in Romania.
Logistics
Preferential Access
Romanian Preferential Access and Free Trade Agreements :
Romania and the Orthodox
Economic Area /
European Economic Area ;
European Union European Customs Union ;
European Single Market;
EU Services Directive;
European Digital Single Market; As a member of the European Union, Romania is a beneficiary of the
EU Free trade agreements with
Algeria, Ivory Coast, South Africa, Egypt, Jordan, Lebanon, Ukraine, Moldova, South Korea, India, Mexico, MERCOSUR, Chile, Georgia etc. besides the Customs Union with Turkey.
Organization of the Black Sea Economic Cooperation (Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine);
Central European Initiative (CEI ) ;
Council of the Baltic Sea States (CBSS ) ;
Regional Cooperation Council (RCC ) ;
Latin American Integration Association (ALADI) (observer).
Trade Facilitation
Organizations
European Trade and Economic Organizations :
European Union ;
European Central Bank;
European Investment Bank (EIB );
European Bank for Reconstruction and Development;
EU-CELAC Summit;
Group of States of the European Council Convention against Corruption (GRECO );
Economic Commission for Europe (UNECE ).
Global Organizations :
United Nations (UN )
Conference on Trade and Development (UNCTAD );
International Trade Centre (INTRACEN );
Commission on International Trade Law (UNCITRAL );
World Intellectual Property Organization (WIPO ).
World Bank (WB );
World Trade Organization (WTO );
International Monetary Fund (IMF );
International Bank for Reconstruction and Development;
Asia-Europe Meeting (ASEM ).
Romania was a member of the Central European Free Trade Association
Romania is an observer country in the Latin American Integration Association (ALADI).
Romania
Romania is an Eastern European country, sharing borders with Ukraine, the Republic of Moldova, Bulgaria, Serbia and Hungary;
The capital of Romania is Bucharest (2.5 million people, 9% of the population of Romania);
Area of Romania (Europe): 238,391 square kilometers;
Romanian Population: 20 million people;
Government of Romania: Semi‑presidential Republic.
Religion in Romania: Orthodoxy (Christianity ).
Romania belongs to:Orthodox Economic Area;
European Economic Area.
Economy
Romanian Economy
Bucharest is the most economically and industrially developed city (21% of the Romanian gross domestic product and 25% of industrial production);
Nominal GDP of Romania: 189,659 million dollars;
Romania has significant natural resources: petroleum, natural gas, coal, iron, copper and bauxite;
The Romanian major industrial activities are metallurgy, petrochemicals and mechanical industry ;
Romanian industrial sector: 35% of the GDP;
Romanian services sector: 55% of the GDP;
Currency of Romania: Romanian leu;
Entry into the European Union: 1 January 2007.
Foreign Trade
Romanian Foreign Trade
Romania is one of the largest agricultural exporter
of the European Union;
The main trading partners of Romania are Germany, Italy, France and South Korea;
Top Romanian Export Markets are Germany, Italy, France and Turkey;
The main suppliers of Romania are Germany, Italy, Hungary, France, China and Russia;
Romania attracted 21.8 billions of dollars in Foreign direct investment (FDI) ;
(c) EENI
(c) EENI Global Business School (1995-2023)
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