Doing Business in Romania
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Subject. Foreign Trade and Business in Romania - Bucharest.
Introduction to Romania (EU);
Doing Business in Bucharest;
Romanian Economy;
Romanian Foreign Trade;
Foreign Direct Investment 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 Global 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 EU;
To develop a business plan for the Romanian Market.
Related Education
Masters and Doctorate in International Business adapted to the Romanian Students .
International Trade and Business in Romania.
Logistics
Preferential Access
Trade Facilitation
Organizations
The EU;
ECB;
EIB;
EBRD;
EU-CELAC Summit;
UNECE.
UN
UNCTAD;
ITC;
UNCITRAL;
WIPO.
WB;
WTO;
IMF;
International Bank for Reconstruction and Development;
Asia-Europe Meeting.
Romania was a member of the Central European Free Trade Association
Romania is an observer country in the ALADI.
Romania
Romania is an Eastern European country, sharing borders with Ukraine, 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 km²;
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 EU: 1 January 2007.
Global Trade
Romanian Foreign Trade
Romania is one of the largest agricultural exporter
of the EU;
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;
(c) EENI
(c) EENI Global Business School (1995-2023)
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