VIA International Club Romania
Agenda
• Romania – Geography– Brands– General facts– Culture and language– Economic facts– Pros and cons of starting a business in Romania
Introduction – who am I?
• Name: Sergiu Brumar• Age: 29• Studying: ICT Engineering• Nationality: Romanian• In Denmark since 2007
Romania – what do you know?
• Do you know any Romanian brands?
• Do you know any Danish companies that do business in Romania?
Romania - Geography
• Neighbouring countries: Bulgaria, Serbia, Hungary, Ukraine and Moldava
General Facts
• Population:– 21.5 mil people (only 20 mil in the country )– 90% Romanian, 7% Hungarian– No vampires
• Religion:– Mostly Christian Orthodox
• Government:– Semi-presidential republic
Culture and Language
• Romanians love to talk about politics• Misconceptions (romas-romanians)• Languages• Business culture (city, rural)
Market Facts: GDP from 1980-2010
Import/Export
Market Facts: GNI (gross national income) per capita based on purchasing power parity (PPP) in $
Market Potential
• IT
• Petrol, natural gas
• Agriculture
• Textiles, leather
Doing Business in Romania
• Pros:– Already available infrastructure and workforce– 2½ hours from Bucharest to Copenhagen by
plane– Good performance if properly motivated– Cheap labor compared to Denmark– Unskilled vs. skilled
Doing Business in Romania
• Cons:– Bureaucracy– Corruption score: 65.1(medium)– Lack of foreign languages for people over 35
years of age
How can we help?
• Any questions?• For more information about Romania or Via
International Club contact on [email protected]