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 viaintclub@gmail.com