Buletin de afaceri România-Suedia Business Bulletin ...¢nia... · Buletin de afaceri România-Suedia ... The industrial production continued to be an important pillar of economic

Buletin de afaceri România-Suedia Business Bulletin Rumänien-Sverige

Romania-Sweden business newsletter Nr. 13/Aprilie 2016 Nr. 13/April 2016 No. 13/April 2016

BPCE Stockholm, SUEDIA Handelskontor Rumäniens i Stockholm, Sverige Trade Office of Romania in Stockholm, Sweden

36, Ostermalmsgatan, 10041-Stockholm; tel.: +46 8 102858; email: [email protected]

mailto:[email protected]

Business Newsletter Romania-Sweden Facts about Romanian Economy

Economic evolutions in Romania in 2015

The growth of GDP by 3,7% in 2015 – definitely confirmed by the National Institute of Statistics – INS’ data

Table of contents

Facts about Romanian Economy Bilateral Trade Economic & Financial News Business opportunities Tourism International events Facts about Romania Useful contacts

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Comparative data with the other EU Member States are to be found in the Eurostat website: http://epp.eurostat.ec.europa.eu/eurostat/data/database. More information / data from the Romanian National Institute of Statistics is available in its website: www.insse.ro.

On February 12, 2016, the National Statistics Institute (INS) published the estimate for economic growth in Romania in the fourth quarter and full year 2015, announcing GDP growth in the fourth quarter of 2015, of 1.1%, from the previous quarter, this indicator increased by 3.8%, seasonally adjusted, compared with the same quarter of 2014 and the GDP growth in 2015 over the previous year was 3.7%.

2015 is the 5th consecutive year of growth, after +1.1% in 2011, +0.6% in 2012, +3.5% in 2013 and +3.0% in 2014. The growth of 3 7% in 2015 is the highest recorded for the Romanian economy in the last 7 years. In absolute terms, GDP recorded in 2015 at current prices was 710.3 billion lei, or 159.8 billion euros.

According to INS, the majority of economic sectors had a positive contributions to GDP growth in 2015, compared to 2014 (+3.7%), except for agriculture, forestry and fishing (-0.5%); so:

- Wholesale and retail trade (+1.0%) with a share of 15.8% to GDP; - Construction industry (+0.6%) accounted for 7.4% of the GDP; - Information and communications (+0.6%), 5.7% in GDP; - Net taxes on products (+0.7%), with a contribution of 12.1% in GDP; - Industry (+0.5%), with a share of 23.2% to the GDP.

The evolution of the main branches of economic activity in 2015 was positive:

a) Romania's trade in 2015 reached 117.6 billion euros, a record volume for the country, registering an increase of 5.9% over 2014; b) The industrial production continued to be an important pillar of economic development, increasing in 2015 by 2.7% (gross series) compared to 2014,; c) The construction activities in 2015 compared to 2014, as gross series, increased by 10.4%; d) The primary energy resources increased in 2015 compared to 2014 by 2.0% and the electricity by 7.8%.

http://epp.eurostat.ec.europa.eu/eurostat/data/database



http://www.insse.ro/

Business Newsletter Romania-Sweden Facts about Romanian Economy (cont.)

Economic evolutions in Romania in 2015 (cont.)

The evolution of the main branches of economic activity

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Romanian imports in 2015 grew by 7.6%, mainly due to the increase of imports from EU countries by 10.1%, while arrivals of goods from non-member countries decreased by 0.1%. In terms of the evolution of the structure of imports in 2015 over the previous year, there were increases in the share of category of machinery and transport equipment (from 35.5% to 37.3%), the group of other manufactured goods (from 30% to 31%) and the group of food, beverages and tobacco (from 7.7% to 8.5%). Diminishment was registered in the share of mineral fuels and lubricants’ group (from 9.2% to 6.4%), while the other sections’ share remained unchanged: chemical and allied products (13.7%), raw materials (3.1%). The top 10 countries of origin of goods brought into Romania in 2015, totaling 68.1% of country’s imports, were: Germany (with a share of 19.82%), Italy (10.69%), Hungary (7.95%), France (5.59%), Poland (4.84%), China (4.58%), Netherlands (4.01%), Austria (3.85%), Turkey (3.63%) and Russian Federation (3.15%). The differences between the rates of increase for imports and respectively for exports resulted in a growth of the trade deficit by 38% (2.3 billion euros) in 2015 compared to 2014 (from 6.1 to 8.4 billion euros).

The exports, which registered a volume of 54.6 billion euros - the highest flow of Romanian goods to abroad in the history of country's foreign trade, increased by 4.1% compared to 2014. Deliveries to European Union member states increased in the last year, compared to 2014 by 7.9%, and continued to hold a big share in Romanian exports (73.7%), up by 2.6 p.p. compared to the situation at 31.12.2014. However the Romanian exports to non-European countries, in 2015, were 5.2% lower compared to 2014. Regarding the evolution of the structure of Romanian exports in 2015 compared to 2014, it has been a small increase in the category of machinery and transport equipment (from 42.2% to 44.5%), the group of other manufactured goods (from 32.7 % to 32.8%) and the section food, beverages and tobacco (from 8.5% to 8.8%). Consequently the share of other groups diminished; so: chemicals and related products represented 4.9% (from 5.2% in 2014), mineral fuels and lubricants 4.5% (from 6.0%) and raw materials 4.5% (from 5.3%). The top 10 markets for Romanian goods in 2015, accounting for 64.1% of national exports were: Germany (with a share of 19.75%), Italy (12.43%), France (6.80%), Hungary (5.38%), UK (4.36%), Turkey (3.94%), Bulgaria (3.34%), Spain (2.89%), Poland (2.68%) and Holland (2.53%).

Romania's trade in 2015 reached 117.6 billion euros, a record volume for the country, registering an increase of 5.9% over 2014, thus being the third consecutive increase of over 5%, although the realization of last year is mainly due to the increase in imports.

The 10 principal partners, in order of size in trade in 2015 were: Germany (19.79%), Italy (11.60%), Hungary (6.76%), France (6.15%), Poland (3.84%), Turkey (3.77%), the UK (3.36%), the Netherlands (3.32%), Austria (3.23%) and China (3.22%). The trade with these 10 states represented 65% of Romania’s foreign trade.


The evolution of the main branches of economic activity in 2015 (cont.)

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The primary energy resources increased in 2015 compared to 2014 by 2.0% and the electricity by 7.8%. So, the net coal production increased by 6.3%, the import of petroleum products by 27.5%, while the production of crude oil and of natural gas decreased by 1.7% each. In 2015, the electricity production increased by 3.7% compared to 2014, with considerable growths in power plants (+6.2%), photovoltaic solar energy production (+53.4%) and wind power (+49.1%). In the meantime, the production of energy in nuclear power plants decreased (by 0.3%) and also the hydro-energy production (by 12.2%). The final consumption of electricity in 2015 increased by 6.0% compared to 2014, the public lighting by 30.6% and private consumption by 3.7%. The export of electricity increased by 28.1%, reaching a volume of 10.504 million KWh (versus 3.776 million KWh of import).

The industrial production continued to be an important pillar of economic development, increasing in 2015 by 2.7% (gross series) compared to 2014, due to manufacturing (+3.5%) and the production and supply of energy electricity, gas, hot water and air conditioning (+1.3%), while mining and quarrying registered a reduction (-12.5%). Increases in turnover were registered in the industry of capital goods (+8.8%), consumer durables (+6.4%), intermediate goods industry (+3.1%) and current use goods industry (+2.5%). The energy industry recorded a decrease (-22.8%). As for the industrial new orders in 2015, compared to 2014, rose overall by 3.6%, due to rises in the groups: consumer durables (+28.0%), intermediate goods (+3.5%), capital goods industry (+ 3.0%); only the current use goods industry registered a stagnation. Noteworthy is that inside the EU, Romanian industry is among the most dynamic, with a growth of 2.7% recorded in 2015, being above both the EU28 average (+1.7%) and the industry evolution in the 19 states of the euro region (+1.4%).

The evolution of construction activities in 2015 compared to 2014, as gross series, increased by 10.4%, with rise in all categories of works: the overhauling (31.8%), maintenance and repair (13.3%) and new construction works (5.2%). The construction engineering and construction works volume rose by 20.0%, non-residential buildings by 1.1%; only the residential buildings construction recorded a contraction of 5.8%. It is remarkable that in the context of previously recorded poor results, in 2015 it has been a revival of the construction sector, one of the most dynamic economic sectors, with a significant contribution to economic growth. At the EU level, the growth of constructions sector in Romania noticed among the highest (by 10.4%) in 2015, being higher than the EU28 average (+0.6%); in general, this activity in the EU has faced some problems that have led even to reduce the volume of construction (-1.0%) in the Member States of the euro area (EA-19).



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The unemployment rate in Dec. 2015 was 6.7%, 0.1 p.p. higher than in Nov. 2015, the same level as in March and June 2015, but below the unemployment rate recorded in other months of the last year. The average unemployment rate in the EU28 was, in late September 2015, by 9.0%. Only 10 states had lower unemployment rates: Czech Republic (4.5%), Germany (4.5%), Malta (5.1%), UK (5.1%), Austria (5.8%), Denmark (6.0%), Luxembourg (6.1%), Hungary (6.3), Estonia (6.5%) and the Netherlands (6.6%). The highest unemployment rates were registered in Greece (24.5%), Spain (20.8%), Croatia (16.5%), Cyprus (15.7%), Portugal (11.8%) and Italy (11.4%). The INS’ March press release announced that the unemployment rate in January 2016 dropped by 0.2 p.p. over the previous month, reaching 6.5%.

Balance of payments and external debt According to the National Bank of Romania (BNR), in 2015, the current account of the balance of payments recorded a deficit of 1.758 million euros, compared with 686 million euros in 2014, due to the deficit in the balance of primary incomes (1.830 million euros) and trade balance (1.430 million euros), partially offset by the increase in the surplus revenue side (to 1,187 million euros) and services (with 1.001 million euros). At 31.12.2015 Romania's foreign debt rose, according to BNR data, to 90.9 billion euros, of which 71.1 billion euros long-term debt (down by 5.7% compared to end-2014) and 19.8 billion euros short-term debt (up 4.9% compared to 31.12.2014). Romania's total external debt at the end of 2015 was reduced by 4.1% compared to the end of the last year, the lowest level in the last 5 years.

Monetary policy interest rate Between January 8 and May 7 2015, BNR reduced by 4 times the monetary interest rate by a total of one percentage point (from 2.75% to 2.50%, then to 2.25 %, to 2.00% and finally to 1.75%), maintaining a stable rate after that. Consequently, the interest rate lending facility (Lombard) decreased from 5.25% to 4.75%, after to 4.25%, to 3.75% and is currently at 3.25%; the interest rate on the deposit facility remained, from August 5, 2014, at a 0.25% per annum.

The inflation, as expressed by the Consumer Price Index - CPI in December 2015 compared to December 2014 was negative (-0.93%) according to the National Institute of Statistics, well below the inflation target, which is 2.5%, plus/minus one pp. The annual inflation rate came in negative territory on lower VAT rate on food in the second half of 2015 and continues its negative trend due in particular to decrees (from 01/01/2016) of the overall VAT share from 24% to 20%. By press releases of 15.02.2016 and 11.03.2016, the INS announced that the inflation rate remain negative, with record levels (-2.13%) between January 2016 / January 2015 respectively (-2.68%) between February 2016 / February 2015. According to the baseline macroeconomic scenario, the central bank published in the Inflation Report (on Feb. 2016), the annual CPI inflation rate forecast at 1.4% at the end of 2016 and 3.4% on 31.12.2017.

Business Newsletter Romania-Sweden Facts about Romanian Economy


Table of contents


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FDI - the foreign direct investments in Romania reached in 2015, according to the central bank data, a level of 3 035 million euros, from which the equity stakes (including the reinvested net profit) were 3 340 million euros and the intra-group loans recorded a negative net value of 305 million. FDI in 2015 was up 25.4% from the level recorded in 2014 (2 421 million euros).

According to the INS, the net investments in the national economy increased in 2015 compared to 2014 by 8.4% due to: the 5.2% increase in new construction group, the 10.8% in equipment category (including the transport) and the 12.3% in the group of other expenses. The economic branch structure of investments in 2015 was as follows: trade/services 42.4%, industry 37.9%, construction 12.0%, agriculture 4.7% and 3.0% other branches.

Romania's rating by specialized agencies

In March 2016, JCRA - Japanese rating agency has improved Romania's country rating from BBB-/BBB to BBB/BBB+ for the long term debt in foreign currency and in local currency respectively, with a stable outlook.

In January 2016, the rating agency Fitch reaffirmed the rating for the long-term government debt of Romania in foreign and local currency, at BBB-/BBB, with a stable outlook.

In December 2015, the rating agency Moody's upgraded the rating outlook from stable to positive, confirming the sovereign rating to Baa3 (investment grade).

The Standard & Poor's agency maintained, from 2014, its rating for Romania at BBB- with a stable outlook.


Bilateral Trade Romania - Sweden

• The 2015 continued the positive trend of increasing the bilateral trade (that reached a total by approx. 50% more than the level of 2010). It could be highlight the sustained growth of the bilateral trade in the last years, in spite of the problems of the international crisis started in 2008.

• It is noteworthy that the bilateral trade growth, in the period 2010-2015, was due to the increase of both exports and imports, for the two parts, and this is why there is a balanced trade with significant prospects for growth and diversification. Romanian exports in relation to Sweden increased with 72.6% and the import of Swedish products raised by 24.4% in the same period of time. In 2015, the bilateral trade balance was favorable to the Romanian side with a total of 1 016 million SEK.

• In January 2016 the total bilateral trade was 479 million SEK, 0.8% more than in January 2015. The Swedish export was 198 million SEK, 5% more, and the Romanian export to Sweden was 281 million SEK, 2% less than the last year. The bilateral trade is keeping a favorable balance, of 83 million SEK, on the Romanian side, for January 2016. The bilateral trade figures for the beginning of 2016 are in correlation with the trend of development and diversification of the economic relations between Romania and Sweden.

Evolution of Trade between Romania and Sweden (million SEK)

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2010 2011 2012 2013 2014 2015

Export 2.207,95 2.562,85 2.987,54 3.665,91 4.433,79 3.812

Import 2.247,70 2.309,47 1.941,42 2.187,40 2.566,59 2.796

Total 4.455,65 4.872,32 4.928,96 5.853,31 7.000,38 6.608

Balance -39,75 +253,38 +1.046,12 +1.478,51 +1.867,20 +1.016

Source: Statistics Sweden www.scb.se

http://www.scb.se/

Business Newsletter

Romania-Sweden Economic & Financial News from Romania

Romania’s GDP goes up by 3.8 pct y-o-y in 2015

Table of contents Facts about Romanian Economy Bilateral Trade Economic & Financial News Business opportunities Tourism International events Facts about Romania Useful contacts

Pg. 8/25

The seasonally adjusted series of quarterly GDP was re-adjusted as a result of the revision of the GDP unadjusted series for 2015, with no significant changes being recorded as compared to the version published in March.

In terms of the fourth quarter of 2015, the gross domestic product, seasonally adjusted, amounted to RON 181,542.4 current prices, increasing in real terms by 1.1 percent against the previous quarter and by 3.8 percent compared to the fourth quarter of 2014, according to INS.

The gross value added volume has not been modified, but changes were recorded by activities, with:

0.2 percent increase in public administration and defense; social insurance of public sector; education; health and social assistance. Moreover, there was a 0.1 percent increase in information and communication and a decrease of 0.1 percent in shows, culture and recreation activities; repair of households’ goods and other services.

Additionally, net taxes on products growth rate decreased by 0.1 percent.

In terms of GDP uses, in 2015 significant changes in the contribution to the growth rate of GDP were recorded for:

actual individual consumption of households (from +3.9 percent to +4.0 percent), gross fixed capital formation (+1.8 percent to + 2.1 percent), imports of goods and services (from 3.5 percent to 3.8 percent), and exports of goods and services (from +1.9 percent to +2.3 percent), according to the INS data.

Romania’s gross domestic product (GDP) jumped, in real terms, 3.8 percent in 2015 for both unadjusted and seasonally adjusted series, according to the National Institute for Statistics (INS). The 2015 estimated GDP was RON 712,832.3 million current prices.

Business Newsletter

Romania-Sweden Economic & Financial News from Romania (cont.)

IMF improves Romania’s growth outlook to 4.2 pct of GDP this year, above emerging Europe average


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Last October, the financial institution had forecasted a 3.9 percent expansion of the local economy this year.

Next year, the local economy is set to slow down to 3.6 percent, but in line with grow rates registered by Ireland, Latvia and Poland.

Overall, Romania is set to beat this year the average growth rate in emerging Europe, which stands at 3.5 percent.

On consumer prices, the IMF expects a negative rate of 0.4 percent, with Romania set to be among the EU member states with negative inflation.

In 2017, however, the IMF estimates a sharp increase of 3.1 percent of consumer prices in Romania.

The current account deficit is set to reach a negative 1.7 percent this year, further expanding to a negative 2.5 percent next year.

According to the report, the unemployment rate in Romania will fall from 6.8 percent in 2015 to 6.4 percent this year. It should further decrease to 6.2 percent in 2017.

The overall growth estimate for Europe’s economy stands at 2 percent, while the global economy will gain 3.2 percent, down 0.4 percent from the October forecast.

In a separate analysis, the World Bank expects Romania to grow by 4 percent this year, but warns that the country might return to the excessive deficit procedure.

Analysts say that the combination of growing wages in the public sector and fiscal relaxation will boost domestic consumption, but will generate economic growth that will not be sustainable without key investments in infrastructure, for instance.

The IMF expects the Romanian economy to increase 4.2 percent of GDP in 2016, according to its latest World Economic Outlook.

Business Newsletter


Fitch Ratings: Euro zone accession remains a ‘remote prospect’ in Romania and CEE


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The Fitch Ratings agency says that Romania’s adoption of the euro would have an intermediate effect.

However, the analysts reckon that any discussion regarding the accession into the Euro zone has lost its importance in all CEE countries.

According to Fitch, the biggest beneficiaries of euro membership would be Croatia and Bulgaria, while the Czech Republic and Poland would likely benefit least. Romania is in the same category with Hungary. “However, euro membership remains a remote prospect as it has disappeared from the political agenda in all the six countries” - said the analysis.

Romania’s target for joining the Euro zone is 2019, according to political statements.

Economists say that the country is already meeting mandatory convergence indicators such as debt-to GDP ratio and long-term interest rate. However, the GDP per capita remains below the EU average, and economists say that Romania could attempt to adopt the euro after 2020, with the economy in a stronger position.

“Hungary and Romania would lose the benefits of independent monetary policy. Euroisation in the two countries is also more limited than in Bulgaria and Croatia, although in Hungary government debt in euros is high (23% of GDP). Given both countries’ sizeable net external debt, the adoption of a reserve currency would strengthen external finances in both. Romania’s low government debt would leave the country with some policy flexibility and Hungary’s open economy would benefit from reduced transaction costs” - said the agency.

Fitch Ratings - the credit rating agency, says in a new report that Romania’s adoption of the euro would have an intermediate effect.

Business Newsletter


#PanamaPapers - Romanian MP proposes 16 percent tax for offshore deals


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“Panama is not the only tax heaven. We had Cyprus before. There are many more. If we got data from all these tax heavens, we would discover that generally, in Romania, the payment of taxes has been avoided for impressive sums, which I can’t estimate today” - said Popa, who sits in the Parliament committee that oversees the activity of SRI - the national intelligence agency.

The MP said that he has worked on amendments to the Fiscal Code, which would force companies to pay a 16 percent profit tax for transactions made with offshore firms.

“This is a change to the Fiscal Code through which companies doing offshore financial operations, economic operation, which will not be fiscally deductible”. He added that companies will pay a 16% profit tax for sums issued to offshore companies, based on contracts.

The liberal MP said this provision would tackle any illegal transactions that could impact national security, mentioning here potential money that could go to terrorists or bribes that could be transferred outside Romania.

“We are not talking about money transfers, about foundations, only about commercial operations, many of them fictitious trades in which many times the sums are inflated, so that the taxes and profits in Romania are lower” - said Popa.

The MP pointed out that the tax authority - ANAF and other institutions had known about these issues but did not act. He says something has to be done after the Panama Papers offshore tax scandal has emerged.

Around 100 Romanian names are rumored to appear in the leaked documents form law Mossack Fonseca. The ANAF has created a group tasked with finding Romanian taxpayers that could be involved in the scandal. Finance minister Anca Dragu said that some of the names appearing in the Panama Files are already part of separate investigations carried out by ANAF.

Liberal MP Octavian POPA said that the payment of taxes has been avoided for “impressive sums” in Romania, adding that transactions with offshore firms should be taxed by authorities.

Business Newsletter Romania-Sweden Business opportunities

- Romanian Companies interested in the Swedish market

UPRUC-CTR S.A. FAGARAS


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UPRUC-CTR S.A. FAGARAS is a private Romanian company, founded in 1976, that produces and commercializes a large typo dimensional scale of STEEL FITTINGS for WELDING and WELDED SUBUNITS. The offered products have a diverse utilization in:

chemical and petrochemical industry, natural gas transport, warm and cold water distribution systems, food processing industry, naval constructions.

Over the time, UPRUC-CTR manages to attract its current clients through quality and competence, which lead to export 80% of its merchandise on external markets such as Germany, Austria, Poland, The Netherlands, France, etc.

UPRUC has 320 experienced employees, with backgrounds in petro-/chemical industry, energy plants, storage , transport, processing and distribution for natural gas and oil.

Contact: Address: 1 Negoiu Street, 505200 - Fagaras, Jud. Brasov Web address: www.uprucctr.com Mr. Adrian RAMBA - Commercial Manager Phone: (+4) 0268 215411; Fax: (+4) 0268 212497 E-mail address: [email protected]

UPRUC-CTR would like to find new potential customers, usually as:

refineries, thermal power plant, fertilizer manufactures, pipe and installation constructors, machine tools manufacturers (heaters and boilers), EPC contractors, pipe and fittings stockiest with quick delivery times.

UPRUC-CTR is also interested in exhibitions and conferences from its domain; it also expects visits to Romania of potential customers.

PRODUCTS:

- STEEL FITTINGS TO ASTM STANDARDS

- STEEL FITTINGS TO DIN STANDARDS

- STEEL FITTINGS TO EN STANDARDS

UPRUC-CTR has a quality management system certified by TUV SUD DEUTSCHLAND and AEROQ according to the requirements of standard SR EN ISO 9001-2001 for: - Execution, assembling, service and commercialization of forged fittings; - Mechanical tests.

The products are certified according to the requirements of the European Directive PED 97/23/EC and CE market.

http://www.uprucctr.com/


Business Newsletter Romania-Sweden Business opportunities (cont.)


IMS WERKZEUGBAU S.R.L.


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IMS WERKZEUGBAU is a company located in Brasov, Romania, manufacturing customer-tailored tools. They support the customers through the whole development process, from designing and the first prototypes to manufacturing small series, in the domains:

• matched metal press moulding • aluminium casting moulding • injection moulding • master gauge • casting pattern • fiberglass moulding

The company’s 25 employees are highly qualified and experienced in their field of work, comprising CAD/CAM/OMV technologies. The range of services include the complete development of tools, from the construction of 3D models up to finishing the tool and further treatments.

MANUFACTURING - High precision is essential for ensuring the greatest level of accuracy and efficiency of the production services. IMS works with modern machinery and equipment, facilitating long, unmanned machining times (e.g.: MAZAK FJV 60/80; MAZAK VTC 820/30; AG80L Sinker EDM – Sodick; AG600L - Sodick; IMES Milling Machine for Graphit Elektrodes).

Contact: Address: Str. Carpatilor 60; 500269 Brasov - Romania Telefon +40 268 322 432; Fax +40 268 322 432 E-mail: [email protected]

QUALITY MANAGEMENT - IMS WERKZEUGBAU demonstrates the commitment by providing the highest quality of engineering and manufacturing services, every employee being involved in the quality management process. By using the measuring program PowerINSPECT the quality standards of their customers are fulfilled. IMS WERKZEUGBAU is certified and committed to the comprehensive ISO 9001 quality system standard.






Romrul Consult S.R.L.


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ROMRUL CONSULT a private company specialized in the worldwide trade of bearings. The company is authorized distributor for:

Romanian URB factories, ZKL - Czech Republic, ASAHI - Japan, DAS LAGER - Germany, KFB - Germany.

They are also dealing with other brand bearings, such as FAG, ZVL, DPI, ARB, etc. The bearings are of all sizes, made in plants certified in best quality systems’ authorities.

Contact: Mr. Cristian Misu – Director

58-60, Nicolae Caramfil Str., Bl.21B, Ap. 23, Bucharest Tel: +(40)212321921; Fax: +(40)314022801 Mobile: +40744344050 E-mail: [email protected]; [email protected] Web Page: http://www.zkl.cz/en/node/123458765

The URB Group PRODUCTS Catalogue (http://www.urbgroup.com/wp-

content/uploads/2013/11/urb-catalog.pdf) includes:

Deep Groove Ball Bearings Cylindrical Roller Bearings Needle Roller Bearings Tapered Roller Bearings Spherical Roller Bearings Thrust Ball Bearings Cylindrical Roller Thrust Bearings Spherical Plain Bearings. Rod Ends Linear Ball Bearings Bushing Pillow Blocks Cam Rollers Support Rollers Rolling Elements Accessories

„Rulmenţi” S.A. produces under the URB brand name which is recognized around the world, as a distinctive brand, with a clear identity on the market. www.urbgroup.com

The factory is striving to take measures for stopping the counterfeit products. As a safety measure, the company uses a specific label sticker and a new technology with nanoparticles for being recognized on the market.

All in all, the factory’s success is based on a fine adjustment to the market demands, by offering, besides the bearings with standardized shapes and sizes, a large range of non-standardized bearings, specific to various utilization. „Rulmenţi” S.A. has developed a big range of niche products for special applications with a particular character, those which need know-how i.e. products used in the construction of wind turbines or reduction gears which have a high precision and reliability.

ROMRUL is very interested in starting business relations with Swedish companies, particularly for URB bearings.

Its main supplier is SC Rulmenţi SA Bârlad, part of URB Group (which includes 2 more factories, one former MGM in Hungary and one in Turkey).



http://www.zkl.cz/en/node/123458765

http://www.zkl.cz/en/node/123458765

http://www.urbgroup.com/wp-content/uploads/2013/11/urb-catalog.pdf







http://www.urbgroup.com/



SC Rodimpex SRL


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Rodimpex Srl. company is specialized in the manufacture of waterproof jackets, uniform tops, trousers and protective suits.

RODIMPEX works in partnership with GORE - world leader in the production of laminated and waterproof fabrics. By using Goretex fabrics, the products are of the highest quality. The garments‘ design makes them waterproof, windproof and rain proof, at the same allowing the body to breathe. Rodimpex pays also a special attention to details!

Contact: Mr. Sava Dorel – General Director

76 Smârdan Str., Iaşi, Romania

Tel: +40 232 217.282 Fax: +40 232 231.882 E-mail: [email protected] Web-site: www.rodimpex.eu

The Rodimpex Srl. PRODUCTS Catalogue may be downloaded here: (http://www.rodimpex.eu/catalog-rodimpex-en.pdf)

Rodimpex is certified by ISO NR. 766 SR EN ISO 9001:2001 and received multiple awards as Top SME in Romania. COFACE Romania has included it among the most secure companies in its "Best Rating " classification.

Rodimpex has a 250-strong team with a vast experience, translated into a high level of accuracy in the realization of their products and in the assembly of orders.

This is the reason of a good reputation for the customers’ satisfaction with their products and services.

Customers: Barbour, Easyjet, Securicor, Karrimor, the UK Customs, Royal Mail UK, British Telecom, the London Underground, the Italian Carabinieri, the Romanian Police, the Romanian Gendarmerie, the Romanian Fire Brigade, the Romanian Border Police, the Romanian Army, the London Metropolitan Police, etc.

Rodimpex Srl. main concern is to assist the customers in finding the best possible solutions and to respond promptly to their requests with a maximum of commitment.


http://www.rodimpex.eu/

http://www.rodimpex.eu/catalog-rodimpex-en.pdf









IMO Franchising Group


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What IMO Franchising Group does?

- Promote your franchise concept on the Romanian market - Select the most suitable candidate for:

• direct franchise owner • area developer • area representative • master franchise • licensor • foreign subsidiary • joint venture partner

- Qualify the prospect according to franchisors´ criteria - Feasibility studies & market analysis for adopting your strategies to meet the local tastes and market particularities - Personal training-assistance at Grand Opening and ongoing support for your Romanian franchisees - Assistance in the Romanian juridical field with all the information regarding regulations and restrictions of the local market and on competition - Translation and adaptation of Operations and Business Manuals in a franchisor format - Provide our wide expertise in international franchising

Contact: Mr. Eugen Driga - Program manager Phone: +40 21 6103251 Mobile: +40 722593371 Email: [email protected] ; [email protected] Web Page: www.fbb.ro

Some of the last IMO Group franchises:

• INSIA

• fast food Oro Toro

• 5 to Go

• RE/MAX

• Husse

• PVC Electric Plus

• Brioche Dorée

• Ethan Allen

• ERA Real Estate etc.



http://www.fbb.ro/



Wise Finance Solutions


Pg. 17/25

Contact: Mr. Dragos Davidescu - Business Consultant Bd. MĂRĂŞEŞTI, no.2B, Sector 4, Bucharest Phone: +40 21 3351680; Fax: +40 21 3351681 Mobile: +40 756313842 Email: [email protected]; [email protected] Web Page: www.wfs.eu

EU Grant Opportunities 2014-2020



http://www.wfs.eu/

Business Newsletter Romania-Sweden

Tourism in Romania

Romanian tourism


Pg. 18/25

In January 2016, the arrivals of foreign visitors to Romania, according to customs, amounted to 541.7 thousand, 0.7% more compared to January 2015. Most of the foreign visitors came from European countries (94.1%). 53.0% of the total arrivals of the foreign visitors to Romania were from European Union Member States, out of which the most arrivals were from:

Bulgaria (30.5%), Hungary (29.6%), Italy (8.5%), Germany (6.1%), Poland (5.1%) and Austria (2.2%).

In January 2016, the departures of Romanian visitors abroad, according to customs, amounted to 1176.7 thousand, 12.2% more compared to January 2015. The Romanian visitors abroad mostly used the means of road transport, 69.0 % of the total departures.

CONTINENT HOLIDAY & TRAVEL welcomes you to the Romania Ski World !

Contact details: www.continentholiday.net

[email protected]

Phone: +46 8 310750; Fax: +46 8 310955 Alexandru Ionel - General Manager Monica Breda - Sales Manager

Find information about holidays in ROMANIA here: http://www.continentholiday.net/engelska/engelska.htm

& about direct flights by TAROM and special offers: http://www.continentholiday.net/engelska/engelska.htm

If you want to travel to Romania, for business or tourism, contact:

http://transylvania.se

The fastest way to get in touch with Experience Transylvania is to call tour manager Gloria +46 70 744 31 05 or send an e-mail to [email protected]. Or use the form http://transylvania.se/contact/?lang=en.

EXPERIENCE TRANSILVANIA

http://www.continentholiday.net/


http://www.continentholiday.net/engelska/engelska.htm





http://transylvania.se/contact/?lang=en

Business Newsletter Romania-Sweden International Fairs & Exhibitions in Romania

2016


Pg. 19/25

For more details, open the link: http://www.romexpo.ro/en/exhibition-schedule-2016/

RTF I (www.targuldeturism.ro) 25-28.02 Romanian Tourism Fair ATF (www.tma-expo.ro ) 25-28.02 Spirituality, alternative medicine and complementary therapies festival ROMANIAN NAUTICAL EXPO (www.exponautic.ro ) 25-28.02 Yachts & boats international exhibition EXPO SPORTS AND LEISURE (www.exposport.ro) 25-28.02 Sports equipment and accessories exhibition TRADITIONAL PRODUCTS FAIR I (www.targprodusetraditionale.ro ) 25-28.02 Romanian traditional products fair EXPO AGRICULTURAL EQUIPMENT (www.expo-utilajeagricole.ro) 03-06.03 Agricultural systems, technologies and equipment exhibition BUCHAREST PET EXHIBITION (www.petexhibition.ro) 04-06.03 Pet exhibition SPRING @ ROMEXPO (www.targdeprimavara.ro) 04-06.03 Consumer goods trade fair EXPO IT HOUSE (www.expoithouse.ro) 17-20.03 Hardware, software, gadgets and gaming exhibition CONSTRUCT EXPO (www.constructexpo.ro) 07-10.04 Construction technologies, equipment and materials international trade fair IMMOEX 07-10.04 Real estate services show (part of Construct Expo) AEDIFICIUM 07-10.04 Residential project show (part of Construct Expo) ELEVATEX 07-10.04 Elevators, escalators and moving walks show (part of Construct Expo) AMBIENT EXPO (www.ambient-expo.ro) 07-10.04 Products and systems for interior and exterior design, outdoor furniture and swimming pools international exhibition ROMTHERM (www.romtherm.ro) 07-10.04 Heating, cooling and air conditioning installation equipment international exhibition

ROMENVIROTEC (www.romenvirotec.ro) 07-10.04 Environmental protection equipment and technology international trade fair MOBILA EXPO (www.mobila-expo.ro) 07-10.04 Furniture Sale Fair EXPO FLOWERS & GARDEN (www.expoflowers.ro ) 07-10.04 Flowers, gardening, landscaping and horticulture international exhibition ANTIQUE MARKET I (www.antiquemarket.ro) 07-10.04 Antique and art objects trade fair TRADITIONAL PRODUCTS FAIR II (www.targprodusetraditionale.ro) 07-10.04 Romanian traditional products fair DENTA I (www.denta.ro) 14-16.04 Dentistry and dental technologies international exhibition ROMMEDICA (www.rommedica.ro) 14-16.04 Medical instruments and equipment international exhibition EXPOVIEW 14-16.04 Optics and ophthalmology show (part of ROMMEDICA) BEAUTIFY 14-16.04 Esthetic surgery show (part of ROMMEDICA) AUTOEXPOTEHNICA (www.autoexpotehnica.ro) 22-24.04 Auto parts and accessories international trade fair AUTO EXPO (www.autoexpo.ro) 22-24.04 Cars, trucks and utility vehicles trade show BUCHAREST WOMEN DAYS 03-05.06 Bucharest Women Days TIBCO (www.tibco.ro) 02-05.06 Consumer goods international trade fair PROSHOP 02-05.06 Shop fitting systems show (part of TIBCO) EXPO SERVICES 02-05.06 Professional commercial services show (held within TIBCO) KIDEX (www.kidex.ro) 02-05.06 Exhibition for products and services for babies, children and future parents

http://www.romexpo.ro/en/exhibition-schedule-2016/







http://www.targuldeturism.ro/

http://www.tma-expo.ro/



http://www.exponautic.ro/

http://www.exposport.ro/

http://www.targprodusetraditionale.ro/

http://www.expo-utilajeagricole.ro/



http://www.petexhibition.ro/

http://www.targdeprimavara.ro/

http://www.expoithouse.ro/

http://www.constructexpo.ro/

http://www.ambient-expo.ro/



http://www.romtherm.ro/

http://www.romenvirotec.ro/

http://www.mobila-expo.ro/



http://www.expoflowers.ro/

http://www.antiquemarket.ro/


http://www.denta.ro/

http://www.rommedica.ro/

http://www.autoexpotehnica.ro/

http://www.autoexpo.ro/

http://www.tibco.ro/

http://www.kidex.ro/

Business Newsletter Romania-Sweden International Fairs & Exhibitions in Romania (cont.)

2016


Pg. 20/25

For more details, open the link: http://www.romexpo.ro/en/exhibition-schedule-2016/

TRADITIONAL PRODUCTS FAIR III (www.targprodusetraditionale.ro) 02-05.06 Romanian traditional products fair SENIOR EXPO 02-05.06 Fair dedicated to the senior generation URBAN FEST 17-19.06 Urban Explosion Festival SHOWROOM FURNITURE 15.06-15.08 Permanent furniture exhibition BIFE-SIM (www.bife-sim.ro) 14-18.09 International trade fair for furniture, equipment and accessories ANTIQUE MARKET II (www.antiquemarket.ro) 14-18.09 Antique and art objects fair TRADITIONAL PRODUCTS FAIR IV (www.targprodusetraditionale.ro) 14-18.09 Romanian traditional products fair ECO FEST 23-25.09 Eco-Spirit Festival PACK EXPO (www.all-pack.ro) 27-30.09 International exhibition for packaging, packaging materials, machines and specific equipment COSMETICS BEAUTY HAIR (www.expocosmetics.ro) 29.09-02.10 International exhibition for beauty equipment, products, body care and hairdressing MODEXPO (www.modexpo.ro) 29.09-02.10 International exhibition of textiles, ready-made clothes, leather goods, furs, footwear and leatherwear, accessories TRADITIONAL PRODUCTS FAIR V (www.targprodusetraditionale.ro) 29.09-02.10 Romanian traditional products fair TIB (www.tib.ro) 12-15.10 Bucharest International Technical fair INVENTIKA (www.expoinventika.ro ) 12-15.10 Invention and innovation show

EXPOENERGIE (www.eee-expo.ro) 12-15.10 International trade fair for renewable energy, conventional energy, equipment and technologies for the oil and natural gas industry TRADITIONAL PRODUCTS FAIR VI (www.targprodusetraditionale.ro) 12-15.10 Romanian traditional products fair DENTA II (www.denta.ro) 20-22.10 Dentistry and dental technologies international exhibition INDAGRA (www.indagra.ro) 02-06.11 International trade fair of equipment and products in agriculture, horticulture, viticulture and animal husbandry INDAGRA FOOD (www.indagra-food.ro) 02-06.11 International trade fair for the food industry EXPO DRINK & WINE (www.targdevinuri.ro) 02-06.11 Wines, alcoholic and non-alcoholic beverages trade show TÂRG DE PRODUSE TRADIȚIONALE VII (www.targprodusetraditionale.ro) 02-06.11 Romanian traditional products fair TTR II (www.targuldeturism.ro) 17-20.11 Romanian Tourism Fair ROMHOTEL (www.romhotel.ro) 17-20.11 International exhibition for equipment, furniture and supplies for hotels and restaurants FOOD INTERNATIONAL 17-20.11 International gastronomy section (held within ROMHOTEL) TRADITIONAL PRODUCTS FAIR VIII (www.targprodusetraditionale.ro) 16-20.11 Romanian traditional products fair CHRISTMAS GIFTS FAIR (www.expo-cadou.ro) 01-11.12 Christmas presents, decorations and souvenirs fair YABBA DABA DOO 09-10.12 Kids & family festival NEW YEAR’S EVE PARTY 2017 31.12.2016









http://www.bife-sim.ro/



http://www.antiquemarket.ro/


http://www.all-pack.ro/



http://www.expocosmetics.ro/

http://www.modexpo.ro/


http://www.tib.ro/

http://www.expoinventika.ro/

http://www.eee-expo.ro/




http://www.denta.ro/

http://www.indagra.ro/

http://www.indagra-food.ro/



http://www.targdevinuri.ro/


http://www.targuldeturism.ro/

http://www.romhotel.ro/


http://www.expo-cadou.ro/





Pg. 21/25

For more details, open the link: www.expoplast.ro

EXPOMIL - International Exhibition for Military Equipment (ROMEXPO, Bucharest, between the 18th and the 22nd of May 2016)

EXPOMIL - International Exhibition for Military Equipment 2016 is at the 9th edition; starting with 1999, this event is part of the international exhibitions in the military and defense industry, being organized in Bucharest every two years.

During EXPOMIL at Romexpo Exhibition Center will be presented systems and military equipment from the endowment of National Defence Forces System, Public Order and National Security (SNAOPSN) made by both national and foreign companies in the security industry. Within the exhibition will be organized the National Pavilion for Research-Development and Innovation, with products dedicated to national defense and security, as well as to civil defense emergency situations (calamities, disasters) and to the management of potential terrorist hybrid threats. Throughout the exhibition also defense and security conferences will be organized, as well as demonstration exercises presented by the formations of SNAOPSN institutions.

ROMEXPO invites to register & participate at EXPOMIL – this event being especially created to provide dialogue opportunities between producers and end users of military products but also to encounter the technological achievements and know-how of advanced equipment in the research, development and innovation in this field. As an exhibitor, the 5 days of exhibition can be used for successful business transactions and for an intense exchange with potential clients and industry experts.

Registration: The application forms are available on the event’s website, www.expomil.ro and for more information you can contact the project team. If you need any further information regarding your participation at EXPOMIL, contact:

Anca Iacob – Fairs & Exhibitions Organizer Mobile: +40 758.837.746; Phone: +40 21 207.70.00/1079; Fax: +40 21 207 70 70 E-Mail: [email protected] ; Web: www.expomil.ro

http://www.expoplast.ro/

http://www.expomil.ro/


http://www.expomil.ro/



Pg. 22/25

For more details, open the link: www.expoplast.ro

EXPOPLAST - International Exhibition (ROMEXPO, Bucharest, between the 27th and the 30nd of September 2016)

Already at its sixth edition, EXPO PLAST 2016 is the only event in Romania dedicated to plastic processing and recycling industry.

EXPO PLAST 2016, a business to business event, will have further insight on one of the most important trends and developments in this field, bringing together representative companies in the plastics industry: manufacturers of various plastic products (packaging, auto parts, household products, agricultural film, products for the construction industry, toys and sports goods a.s.o) and rubber, suppliers of machineries and equipment, raw materials and auxiliary materials, recycling companies for plastics and rubber, supplying or manufacturing companies of applications (software) for the industry, and the final customer - the beneficiary of these products.

EXPO PLAST 2016 will take place at the same time with PACK EXPO - the Balkan exhibition for packaging industry - that will approach a full range of packaging manufacturing technologies, targeting a number of industries where packaging plays an important role.

Overview of EXPO PLAST 2015: it attracted a total of 1,874 visitors (from Romania, Bulgaria, Italy, Moldova, Hungary, Germany, Greece) and two official specialists delegations (from Bulgaria and Taiwan).

Therefore if you are interested in innovations, if you want to find clients for your products or new suppliers, if you are planning to make new investments or to strengthen position in domestic and foreign market, you are invited to participate at EXPO PLAST 2016!

ROMEXPO opened already the online registration for EXPO PLAST 2016! Registration: The application forms are available on the event’s website http://www.expoplast.ro/en/ and for more information you can contact the project team. If you need any further information regarding your participation at EXPOMIL, contact:

Anca Dinu - phone:+40734 660 673, email: [email protected]

Daniela Cosmoiu - phone: +40755 129 147, email: [email protected]

http://www.expoplast.ro/

http://www.expoplast.ro/en/





Business Newsletter Romania-Sweden Facts about Romania

Location, geography and climate

Romania is situated in the southeastern part of Central Europe, on the shores of Black Sea, extending approximately 300 miles north to south and 400 miles east to west. Romania’s territory features mountains, hills, plains and numerous rivers and lakes. Forests cover one quarter of the country and the fauna is one of the richest in Europe (including bears, deer, lynx, chamois, wolves). The Danube River ends its eight-country journey at the Black Sea, after forming one of the largest and most bio-diverse wetlands in the world, the Danube Delta. Romania is an all round year destination, having a temperate climate with four distinct seasons.

Politics and economy

Romania is a parliamentary democracy based on European models and a member state of the EU and the NATO.

In the 1930s, Romania was one of the main European producers of wheat, corn and meats and it used to be called “the bread basket of Europe.”

In the 1950s started the development of the heavy industry.

Today, Romania produces coal, natural gas, iron ore and petroleum. Industries include chemical (petrochemical, paints and varnishes), metal processing, machine manufacturing, information technology, industrial and transport equipment, textiles, manufactured consumer goods, lumbering and furniture. About 39.2% of Romania’s territory is arable land, 28% forests, 21% pastures, hayfields and orchards and 2.5% vineyards. Corn, wheat, vegetable oil seeds, vegetables, apples and grapes for wine are the main crops and sheep and pigs the main livestock. Forestry and fisheries are also developed.

More info on: www.romania.travel,

the Official Tourism Site of Romania


Pg. 23/25

http://www.romania.travel/

Business Newsletter Romania-Sweden Facts about Romania (cont.)

Key economic indicators

Table of contents

Facts about Romanian Economy

Bilateral Trade

Economic & Financial News

Business opportunities

Tourism

International events

Facts about Romania

Useful contacts

Pg. 24/25

…

Business Newsletter Romania-Sweden Useful contacts

Presidency of Romania www.presidency.ro

Government of Romania www.gov.ro

Parliament of Romania www.parlament.ro Ministry of Economy, Trade and Relations with Business Environment www.minind.ro

Ministry of Foreign Affairs www.mae.ro

National Bank of Romania www.bnr.ro

National Institute of Statistics www.insse.ro

National Trade Register Office www.onrc.ro

Customs National Authority www.customs.ro

Official Journal of Romania www.monitoruloficial.ro

Chamber of Commerce and Industry of Romania www.ccir.ro

Official Tourism Site of Romania www.romania.travel

National Weather Administration www.meteoromania.ro

Bucharest Henri Coanda International Airport www.bucharestairports.ro

Port of Constanta www.portofconstantza.com

Embassy of Romania in Stockholm http://stockholm.mae.ro/en

Department of International Trade www.dce.gov.ro

Trade Office of Romania in Sweden (email: [email protected] )


Pg. 25/25

http://www.presidency.ro/

http://www.gov.ro/

http://www.parlament.ro/

http://www.minind.ro/

http://www.mae.ro/

http://www.bnr.ro/

http://www.insse.ro/

http://www.onrc.ro/

http://www.customs.ro/

http://www.monitoruloficial.ro/

http://www.ccir.ro/

http://www.romania.travel/

http://www.meteoromania.ro/

http://www.bucharestairports.ro/

http://www.portofconstantza.com/

http://stockholm.mae.ro/en

http://stockholm.mae.ro/en

http://www.dce.gov.ro/


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