| Web Site Tools |
|
|
|
|
| Company Info |
|
|
|
|
|
|
|
|
| Industry Info |
|
|
|
|
|
|
| Foods For Trade |
|
|
|
|
|
|
|
|
|
|
| |
| Other Links |
|
|
|
|
|
| |
| |
|
|
Romania
| Economy Overview |
| Romania is a market of 21 million inhabitants. A member of the EU since 2007, Romania has opened its economy to trade and foreign investment. Many foreign companies outsource in Romania, since the workforce is low-cost and qualified. And Romania is a major European agricultural producer and a large producer of automobiles. Growth of production in sectors such as manufacturing, construction, retail and services are foreseen once the current crisis alleviates.
Romania imports machines, minerals, chemistry, computers, integrated circuits, aircraft parts and other defense equipment, wheat and automobiles. Main U.S. investments in Romania are in banking, energy, biotechnology, manufacturing, electronic components, automobile, telecommunications and film production. The business development policies of the Romanian government include tax reduction, support for private entrepreneurs, stimulation of free initiative and investments in transportation, education and other infrastructure.
For a comprehensive report about doing business in Romania, visit the US Commercial Service’s “Doing Business in Romania ,” which includes the Romania Country Commercial Guide , a comprehensive look at Romania's commercial environment using economic, political, and market analysis. To identify potential business partners, look at the business directory “Major Companies in Romania http://mcir.doingbusiness.ro/en/.” And the website of the American Chamber of Commerce in Romania http://www.amcham.ro/index.html/articles/articleID_37/Business-Guides-Reports.html offers several good reports that can help you do business with the country.
The Romanian-American Chamber of Commerce http://www.racc.ro/ is a FITA member association. Consider membership if you are interested in doing business in Romania. And don’t forget FITA's Romania Country Profile http://fita.org/countries/romania.html for yet more Romania links and resources. |
 |
| Economy Statistics |
| Exports: |
$23.54 billion f.o.b. (2004 est.) [?]
This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
|
Export
Commodities: |
textiles and footwear, metals and metal products, machinery and equipment, minerals and fuels, chemicals, agricultural products [?]
This entry provides a rank ordering of exported products starting with the most important; it sometimes includes the percent of total dollar value.
|
Export
Partners: |
Italy 21.4%, Germany 15%, France 8.5%, Turkey 7%, UK 6.6% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
|
| Imports: |
$28.43 billion f.o.b. (2004 est.) [?]
This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
|
Import
Commodities: |
machinery and equipment, fuels and minerals, chemicals, textile and products, basic metals, agricultural products [?]
This entry provides a rank ordering of imported products starting with the most important; it sometimes includes the percent of total dollar value.
|
Import
Partners: |
Italy 17.2%, Germany 14.9%, France 7.1%, Russia 6.8%, Turkey 4.2% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
|
|
|
|
| Chamber of Commerce and Industry of Romania |
| Address: |
Bd. Octavian Goga nr. 2, Sector 3, Bucuresti, Cod 030982 |
| Phone: |
(021) 319 01 14-18 |
| Fax: |
(021) 319 01 20 |
| Website: |
http://www.ccir.ro/ |
|
|
|
|
