Ciocirlan Alexandru

Vlad
Master student – International Trade
Translator for French, English, Chinese

罗马尼亚
Romania
 SOME FACTS ABOUT IT
• Romania is positioned in
the east part of Europe,
having as neighbors
Ukraine (north), Hungary
and Serbia (west), Bulgaria
(south) and the Black Sea
(east).
SOME FACTS

• Almost 20 million inhabitants, the country is the 7th most

populous member state of the European Union.
• It’s capital and largest city, Bucharest, is the 6th largest city in
the EU.
• Currency RON or Leu

• = 1.7 RMB
 BUCHAREST

It became the capital in 1862.

Bucharest and the surrounding
metropolitan area already surpasses
metropolitan areas like Madrid,
Berlin or Budapest, with a GDP per
capita of 131% of the European
average.
PEOPLE’S HOUSE

• Second largest building in the world, after

Pentagon
• It has over 1000 rooms, 440 offices, 30
halls, 3 libraries. It occupies 330.000
meters square
CARPATHIAN MOUNTAINS

The Carpathian Mountains chain goes through 7

countries, most of it being in Romania (50%) and
it’s peaks go as high as 2600m altitude.
TRANSFAGARASAN

JEREMY CLARKSON
SAID IT’S THE BEST
ROAD IN THE WORLD.
BALEA LAKE – GLACIAL LAKE
It’s a glacier lake situated at 2,034 m
altitude in the Carpathian Mountains, in
central Romania,.
In 2006, the first ice hotel in Eastern
Europe was built in the vicinity of the
lake.
CONSTANTA - SEASIDE

Over 300km of beaches and seaside.

Historically known as Tomis, is the oldest continuously
inhabited city in Romania. It was founded around 600 BC.
It is the largest port on the Black Sea, and one of the
largest ports in Europe.
THE DANUBE DELTA
It’s a World Heritage Site
It’s formed by the Danube River
which crosses 10 countries.
Since the opening of the Rhine–
Main–Danube Canal, the river
connects the Port of Rotterdam
and the industrial centers of
Western Europe with the Black Sea
and, also, through the Danube –
Black Sea Canal, with the Port of
Constanța.
CASTLES

Peles
Castle

Corvin
Castle
BRAN CASTLE

Commonly known as "Dracula's

Castle"
 DRACULA
Bram Stocker’s
“Dracula” is inspired
from the romanian
ruler
Vlad Tepes or
Vlad the Impaler.
THE MEDIEVAL FESTIVAL IN
SIGHISOARA
 CHINA – ROMANIA RELATIONS

• Diplomatic relations between Romania and

China began on 5 October 1949, resulting a
strong and long cooperation between states.
 ROMANIA’S TRADE
EXPORTS IMPORTS
1. Machinery and equipment
1. Electrical machinery, equipment: US$11.7 billion
2. Fuels and minerals
(18.4% of total exports)
3. Chemicals
2. Vehicles: $9.8 billion (15.4%) 4. Textile and products
3. Machinery including computers: $7 billion (11%) 5. Metals
6. Agricultural products
4. Furniture, bedding, lighting , signs, prefab
buildings: $2.6 billion (4.1%)
5. Mineral fuels including oil: $2.4 billion (3.8%)
6. Cereals: $2.3 billion (3.7%)
7. Clothing, accessories (not knit or crochet): $2.3
billion (3.6%)
Romania is the 34th largest export
economy in the world.
8. Rubber, rubber articles: $2.2 billion (3.5%)
9. Wood: $1.8 billion (2.9%)

10. Articles of iron or steel: $1.8 billion (2.8%)

 DOING BUSINESS –
CULTURAL TIPS
Work culture
Romanian business culture is quite formal
and hierarchical; it places great importance
on courtesy and respect for older or more
senior people.
Summertime is not good for business as
many companies wind down their
operations then. Easter and Christmas are
also difficult as companies and shops close
for an indefinite period. Normal business
hours are 0900–1700.
Business meetings and negotiations
• Meetings are usually quite formal
• There is little small talk
• One should not ask for personal
information as Romanians value
privacy.
• One should remain flexible in his/her
approach. The schedule acts as a
guideline usually.
• Romanians can be tough
negotiators.Decisions are only made by
the most senior members of the
Romanian party.
• Contracts are considered to be statements
of intent not binding agreements. Note
that decisions can be reversed.
 DOING BUSINESS
• According to the World Bank’s Doing Business Report, Romania is ranked
37th worldwide on the aggregate ease of doing business index, climbing 13
positions since 2014. The overall paying-taxes ranking of the country has been
improving and is the second best among the regional peer countries.
• From a tax perspective, the number of payments/ year required to fulfil fiscal
obligations has dropped dramatically, from 113 in 2012 (historic maximum)
to only 14 in 2016. Coupled with a tax system that is one of the friendliest in
the EU, even more accessibility is the next step for growth.
 TAXES

Regarding fiscal incentives, the Romanian fiscal code includes a 16% profit
tax exemption for reinvested profits in new technological equipment used for
business purposes and an exemption on the 16% income tax for employees
working in the IT and R&D sector.
 INTERNET AND INDUSTRIAL INFRASTRUCTURE
• Romania leds the
European region in
average peak connection
speeds, with a 85mbs
average speed.
• 72 industrial parks are
spread across Romania,
most offering capabilities
suited for industries like
aerospace, IT&C and
industry.
.
• Also, investors are exempted from land, building and urban planning
taxes as well as for land destination changing
 WAGES
• Overall, the hourly labor
costs in Romania are
around 5 euro/hour,
representing 1/5 of EU
average in 2015, where
hourly labor costs is 25
euro per hour.
• By sectors, total labor
costs in Romania are
among the lowest in EU,
well below EU28
average in all activity
sectors.
COST OF LIVING
 Market & Location Advantage

• One of the largest markets in Central and Eastern Europe (ranking 7 th

in EU , with 20 million inhabitants);
• EU unique market gateway (access to approximately 500 million
consumers);
• Attractive location: situated at the turning point between EU, Romania
is crossed by three important pan-European transportation corridors:
• corridor no. IV linking Western and Eastern Europe,
• corridor no. IX connecting Northern and Southern Europe
• no. VII – Danube River, facilitating inland water transportation, at the
same time connecting the Romanian Port of Constanta (the biggest Port
to the Black Sea) to Northern Europe, through the Rhine.
Thank you!