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IMA Overview

Country Overview

Romania is located in south east Europe at the strategic crossroads of the European Union (EU), the Commonwealth of Independent States (CIS) and the Middle East. With 19.46 million inhabitants, the country is the seventh most populous EU member state, and its capital and largest city, Bucharest, is the sixth largest city in the EU.

Currently, over 5,000 UK companies operate in Romania. The UK exported €2.4 billion in goods to Romania in 2015 making up 10.6 % of Romanian imports. Bilateral trade was worth €3.95 billion in 2015, the highest level in our bilateral history. The UK is Romania’s 14th largest inward investor with €1.5 billion invested in 2015.

The Romanian economy grew by around 3.8% in 2015. Private consumption was the main source of growth. The pace of growth is forecast to accelerate to 4.2 % in 2016 in response to the significant fiscal stimulus including tax cuts and increases of the minimum wage and public wages. Economic growth is estimated to moderate somewhat to 3.7 % in 2017, but still to remain above potential. In the first quarter, Romania grew 4.3% year-over-year, beating the 3.9% analysts had expected, and up 1.6% from the fourth quarter of 2015. According to Bloomberg, this is the fastest growth pace recorded by the Romanian economy since 2008. Economic growth in Romania is among the highest in the EU and is forecast to remain above potential in 2016 and 2017.

About IMA Guides

About This Guide

This guide aims to provide a route map of the way ahead, together with signposts to other sources of help.

The main objective of this Doing Business in Romania Guide is to provide you with basic knowledge about Romania; an overview of its economy, business culture, potential opportunities and to identify the main issues associated with initial research, market entry, risk management and cultural and language issues.

We do not pretend to provide all the answers in the guide, but novice exporters in particular will find it a useful starting point. Further assistance is available from the Department for International Trade (DIT) team in Romania. Full contact details are available in this guide.

To help your business succeed in Romania we have carefully selected a variety of essential service providers as ‘Market Experts’ Click Here

The guide is available in 4 formats:

  • this website

  • a ‘free’ downloadable 'mobile device-friendly’ app – available from the Apple App Store and Google Play Store

  • a full colour hard-copy brochure (to order your copy please Click Here)

  • PDF download / e-flipbook (scroll down to see the download information below)

UKTI Video

About IOE&IT

An Introduction to the Institute of Export & International Trade

About The IOE Button

Established in 1935, the Institute of Export & International Trade is the professional membership body representing and supporting the interests of everyone involved in importing, exporting and international trade. Offering a unique range of individual and business membership benefits and a world renowned suite of qualifications and training, the Institute is the leading authority in best practice and competence for businesses trading globally.

To view other videos, please visit the IOE&IT YouTube Channel.

For more information visit: www.export.org.uk


Market Experts

Doing Business in Romania Guide Market Experts - Please click on the logos below to view our Market Expert profiles and to find out how they can help you to succeed in Romania!

 

Bank / Financial Services

BCR SMALL LOGO 240X140px

Commercial Real Estate / Property Services

Colliers Small Logo 240X140px

Law / Legal Services

DLA Piper SMALL Logo 240X140px

Project Management / Design Engineering Consultancy

OPTIM Small Logo 240X140px

Accountants / Professional Business Services

RSM Small Logo 240X140px

Supply Chain / Logistics Services

Tibbett Small Logo 240X140px

Airline

Wizz Small Logo 240X140px

Chamber of Commerce

BRCC Small Logo 240X140px

Case Study

BAT Small Logo 240X140px


Latest News


Download the 'Doing Business in Romania Guide' as an e-Flipbook or a PDF

 

Romania Cover Image _with OUTLINE

ISSUU Logo

E -Flipbook Download (Romania Blue )JPG

Click the button above to Download the full
'Doing Business in Romania Guide' as an e-Flipbook


PDF Download

PDF Download (Romania Blue )JPG


Click the button above to Download the full 
'Doing Business in Romania Guide' as a PDF Document   

 


 

Download the FREE Mobile-App! 

Simply search 'Doing Business Guides' 
to download!

Available _appstore

On -google -play


Romania I Phone

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