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ADVANTAGES OF DOING BUSINESS IN
ROMANIA

Romania has some enticing qualities for businesses. The country has a strategic location in Eastern Europe, offering access to both European and Balkan markets. Its skilled and relatively cost-effective labor force is a notable advantage.

 

Additionally, Romania has made efforts to improve its business environment in recent years, with reforms aimed at reducing bureaucracy and enhancing transparency. The country's diverse economic sectors, including IT, automotive, and manufacturing, provide opportunities for various industries.

 

Plus, Romania is known for its cultural diversity and rich history, making it an interesting and vibrant place to do business.

Italian-Romanian Relations

Romania and Italy share a robust and amicable relationship that extends beyond cultural affinities to foster a thriving economic collaboration. The deep historical ties and shared values have created a solid foundation for bilateral cooperation, making Romania an enticing prospect for business endeavors.

 

The synergies between the two nations are evident in various sectors, from trade and investment to technology and innovation. Italy's well-established business presence in Romania attests to the favorable conditions for cross-border partnerships. The cultural compatibility and mutual respect between the two nations not only facilitate smoother business transactions but also contribute to a harmonious working environment.

Natural Resources

Romania is endowed with a diverse range of natural resources, contributing to its economic potential and attractiveness for businesses. The country possesses fertile agricultural land, making agriculture a significant sector with opportunities in crop cultivation and livestock farming.

 

Additionally, Romania has considerable energy resources, including coal, natural gas, and hydropower. This energy abundance not only sustains domestic needs but also presents opportunities for investment in the energy sector. The presence of valuable minerals, such as metals and minerals in the Carpathian Mountains, further enhances Romania's resource portfolio.

 

For businesses, this wealth of natural resources translates into opportunities for investment and development. It provides a solid foundation for sustainable economic growth and makes Romania a strategically advantageous location for businesses seeking to leverage these resources in their operations.

Labor Costs

Romania stands out as an attractive destination for businesses due to its competitive labor costs. The country offers a skilled and well-educated workforce at rates significantly lower than those in many Western European countries. This cost advantage extends across various industries, making Romania appealing for companies seeking to optimize their operational expenses.

 

The favorable ratio of quality to cost in terms of labor has been a key factor in attracting foreign investments, particularly in sectors like IT, manufacturing, and services. Businesses operating in Romania can benefit from a high level of expertise without compromising cost-effectiveness, creating a compelling proposition for companies aiming to enhance their global competitiveness while maintaining a sustainable economic model.

Business-friendly Reforms

The country of Romania has been actively implementing business-friendly reforms to enhance its economic environment. One noteworthy reform is the continuous effort to streamline bureaucracy and improve transparency. For example, the "Simplu" (Simple) program launched by the Romanian government aims to simplify administrative procedures for setting up and running businesses, reducing the time and effort required for entrepreneurs.

 

Additionally, Romania has made strides in improving its World Bank Doing Business ranking. In the 2020 Doing Business report, Romania advanced in areas such as starting a business, dealing with construction permits, and protecting minority investors.

 

These reforms reflect a commitment to creating a more conducive environment for businesses, fostering growth and attracting both domestic and foreign investments.

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Stability

Romania's membership in the European Union (since 2007) and NATO (since 2004) contributes significantly to the country's political and economic stability, presenting a favorable environment for businesses.

 

EU membership ensures adherence to common regulations and standards, fostering a stable and predictable business environment. The economic integration into the EU provides Romanian businesses with access to a vast consumer base and promotes foreign investment.

 

Moreover, NATO membership enhances security and geopolitical stability, reassuring investors and businesses operating in the region.

 

The combined influence of EU and NATO membership enhances Romania's standing in the international community, instilling confidence in the reliability of its institutions and governance.

Strategic Location

Romania's strategic location in Eastern Europe positions it as a prime hub for businesses seeking to tap into a diverse array of markets. Sharing borders with countries like Hungary, Bulgaria, Serbia, Ukraine, and Moldova, Romania serves as a gateway to both Western and Southeastern Europe. Its proximity to the Black Sea further enhances its accessibility, facilitating trade routes and maritime connections.

 

This strategic geographical positioning not only fosters regional economic collaboration but also provides businesses with a logistical advantage for distribution and transportation across the continent.

Top Companies in Romania

  • OMV PETROM SA

  • OMV PETROM MARKETING SRL

  • AUTOMOBILE-DACIA SA

  • ROMPETROL RAFINARE SA

  • LIDL DISCOUNT SRL

  • ROMPETROL DOWNSTREAM SRL

  • KAUFLAND ROMANIA SCS

  • ENGIE ROMANIA SA

  • FORD OTOSAN SA

  • E.ON ENERGIE ROMANIA SA

  • LUKOIL ROMANIA SRL

  • ROMGAZ SA

  • BRITISH AMERICAN TOBACCO TRADING SRL

  • PROFI ROM FOOD SRL

  • ELECTRICA FURNIZARE SA

  • DEDEMAN SRL

  • CARREFOUR ROMANIA SA

  • METRO CASH & CARRY ROMANIA SRL

  • MOL ROMANIA PETROLEUM PRODUCTS SRL

  • HIDROELECTRICA SA

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