EENI Global Business School
Business in Romania, Bucharest



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Subject. Foreign Trade and Business in Romania - Bucharest

  1. Introduction to Romania (European Union)
  2. Doing Business in Bucharest
  3. Romanian Economy
  4. Romanian Foreign Trade (Import, Export)
  5. Foreign Direct Investment (FDI) in Romania
  6. Case Study: structure of marketing and sales promotion in the Romanian market
  7. Access to the Romanian Market
  8. Business Plan for Romania

The objectives of the Subject “Doing Business in Romania” are the following:

  1. To analyse the Romanian Economy and Foreign Trade (Import, Export, FDI)
  2. To know the business opportunities in the Romanian market
  3. To analyse the trade relations of Romania with the country of the student
  4. To know Romanian trade agreements as a member of the European Union (EU)
  5. To develop a business plan for the Romanian Market
The Subject “Foreign Trade and Business in Romania” belongs to the following Online Higher Education Programs taught by EENI Global Business School:
  1. Doctorates: European Business, World Trade
  2. Masters: Business in Europe, International Business, Foreign Trade

Romania Masters, Doctorates, Foreign Trade, Business Masters and Doctorates in International Business adapted to the Romanian Students

Learning materials in Courses, Masters, Doctorates in International Business in English + Study Master Doctorate Business in Spanish Rumanía Study, Master in International Business in French Roumanie Masters Foreign Trade in Portuguese Romenia

Online Students, Master in International Business and Foreign Trade

EENI Global Business School Romanian: Master Comerţ Exterior.

  1. Credits of the Subject “Doing Business in Romania”: 1 ECTS
  2. Duration: one week

European Union-Moldova Association Agreement

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Description of the Subject - Foreign Trade and Business in Romania

Transport Corridors related to Romania
  1. Transport Corridor Europe-Caucasus-Asia (TRACECA)
  2. Pan-European Corridor IX (Finland-Russia-Greece)
  3. Access to the Trans-Caspian Trade and Transit Corridor (Central Corridor)

Romanian Preferential Access and Free Trade Agreements

  1. Romania and the Orthodox Economic Area / European Economic Area
  2. European Union
    1. European Customs Union
    2. European Single Market
    3. EU Services Directive
    4. European Digital Single Market
    5. 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
  3. Organisation of the Black Sea Economic Cooperation (Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine)
  4. Central European Initiative (CEI)
  5. Council of the Baltic Sea States (CBSS)
  6. Regional Cooperation Council (RCC)
  7. Latin American Integration Association (ALADI) (observer)

International Trade Facilitation Programs

  1. World Trade Organisation (WTO)
    1. WTO General Agreement on Trade in Services (GATS)
    2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS)
    3. WTO Agreement on Technical Barriers to Trade (TBT)
    4. WTO Agreement on Preshipment Inspection (PSI)
    5. WTO Agreement on Safeguards (SG)
    6. WTO Trade Facilitation Agreement (TFA)
  2. World Customs Organisation (WCO)
    1. Revised Kyoto Convention (RKC)
  3. International Convention on the Harmonization of Frontier Controls of Goods (UNECE)
  4. Convention on the Carriage of Goods by Sea (Hamburg Rules, UN)
  5. Organisation for Cooperation between Railways (OSJD)
  6. Convention concerning International Carriage by Rail (COTIF)
  7. International Road Transport Union (IRU)
    1. TIR Convention
    2. Guidelines on Safe Load Securing for Road Transport
  8. Uniform Rules concerning the Contract of International Carriage of Goods by Rail (CIM, CIT)
  9. International Bureau of Containers and Intermodal Transport (BIC)
  10. International Civil Aviation Organisation (ICAO, Chicago Convention)
  11. International Maritime Organisation (IMO)
    1. International Convention for Safe Containers (CSC)
    2. Convention Relating to Temporary Admission (Istanbul Convention)
  12. Customs Convention on Containers (CCC, UN)

Trans-European Transport Network Corridors (Poland, Slovakia, Austria, Italy)

European Trade and Economic Organisations

  1. European Union
    1. European Central Bank
    2. European Investment Bank (EIB)
    3. European Bank for Reconstruction and Development
    4. EU-CELAC Summit
    5. Group of States of the European Council Convention against Corruption (GRECO)
  2. Economic Commission for Europe (UNECE)

Global Organisations

  1. United Nations (UN)
    1. Conference on Trade and Development (UNCTAD)
    2. International Trade Centre (INTRACEN)
    3. Commission on International Trade Law (UNCITRAL)
    4. World Intellectual Property Organisation (WIPO)
  2. World Bank (WB)
  3. World Trade Organisation (WTO)
  4. International Monetary Fund (IMF)
  5. International Bank for Reconstruction and Development
  6. Asia-Europe Meeting (ASEM)

Romania was a part of the Central European Free Trade Association

Romania is an observer country in the Latin American Integration Association (ALADI)

Romania (Europe)

  1. Romania is an Eastern European country, sharing borders with Ukraine, the Republic of Moldova, Bulgaria, Serbia and Hungary
  2. The capital of Romania is Bucharest (2.5 million people, 9% of the population of Romania)
  3. Area of Romania: 238,391 square kilometres
  4. Romanian Population: 20 million people
  5. Government of Romania: Semi‑presidential Republic

Religion in Romania: Orthodoxy (Christianity)

  1. Romania belongs to:
    1. Economic Area of the Orthodox Civilisation
    2. European Economic Area

Transport Corridor Europe-Caucasus-Asia TRACECA: Azerbaijan, Armenia, Georgia, Iran, Kazakhstan, Kyrgyzstan, Moldova, Romania, Tajikistan, Turkey, Ukraine and Uzbekistan

Romanian Economy

  1. Bucharest is the most economically and industrially developed city (21% of the Romanian gross domestic product and 25% of industrial production)
  2. Nominal GDP of Romania: 189,659 million dollars
  3. Romania has significant natural resources: petroleum, natural gas, coal, iron, copper and bauxite
  4. The Romanian major industrial activities are metallurgy, petrochemicals and mechanical industry
  5. Romanian industrial sector: 35% of the GDP
  6. Romanian services sector: 55% of the GDP
  7. Currency of Romania: Romanian leu
  8. Entry into the European Union: 1 January 2007

Romanian Foreign Trade

  1. Romania is one of the largest agricultural exporter of the European Union
  2. The main trading partners of Romania are Germany, Italy, Russia, France and South Korea
  3. Top Romanian Export Markets are Germany, Italy, France and Turkey
  4. The main suppliers of Romania are Germany, Italy, Hungary, France, China and Russia
  5. Romania attracted 21.8 billions of dollars in Foreign direct investment (FDI)
  6. As a member of the European Union, Romania is a beneficiary of the EU Free trade agreements with Moldova, Colombia, Ukraine, Mexico, Georgia, South Korea, the ASEAN, Egypt, Jordan, Lebanon...

Examples of the Subject - Foreign Trade and Business in Romania:

Central European Initiative (CEI), Macedonia, Moldova, Montenegro...

European Union-Georgia Association Agreement



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