WHY ROMANIA?
LANGUAGE
ROMANIAN
CURRENCY
LEI (RON)
POPULATION
19.474.936
System Politic
Republic
Capital
Bucharest
TOTAL AREA
238.397 KM2
TIME ZONE
GMT +2
MEMBER IN INTERNATIONAL ORGANIZATIONS
EU, IMF, NATO, WTO, UNESCO,
- SERBIA,
- HUNGARY,
- UKRAINE,
- MOLDOVA,
- BULGARIA
239.553 MILIARD $
10.420 EURO/CITISEN
Arguments for Romania
- approximately 20 million consumers
- low price for natural gases in Europe
- low price for European electricity
- competitive salaries at European plan
- approximately 85 industrial parks in Romania
Due to its total area (ninth of the twenty-eight EU Member States) and population (seventh of the twenty-eight EU Member States), Romania has incredible market opportunities. Regarding the surface of Romania, it is the second in Central and Eastern Europe, respectively the largest state in Southeast Europe. The Romanian market, which consists of approximately 20 million consumers, provides huge benefits to entrepreneurs, investors eager to develop / expand their business.
VAT 5%
- for textbooks, books, newspapers and magazines (except for the main or exclusive purpose of advertising)
- tourist services, free time services that provide: visits to castles, museums, historical monuments, archeological monuments, zoos, botanical gardens, amusement parks (whose activity falls under the following CAEN codes 9321 or 9329)
- economic activities, fairs, exhibitions and cultural events, sporting events, cinemas and art
- exhibitions accommodation in the hotel sector or in similar
- complexes renting camping land
- hotel and restaurant services
- sports complexes, which aim at sports and physical education
- passenger transport for tourist purposes, with the possibility of cable transport (elevators, gondola, ski lifts), towing vehicles, boats
- buildings and land belonging to the following categories: nursing homes and nursing homes, children's homes or rehabilitation centers
- houses with an area up to 120 m2, the value of which does not exceed the amount of 450,000 lei, without tax, in the case of individuals
- quality food, mountain, organic and traditional products, authorized by the Ministry of Agriculture and Rural Development (these products must be authorized, except when the capitalization is made to the final consumers)
VAT 19%
In Romania, the standard value of value added tax (VAT) is 19%.
VAT 9%
- orthopedic products prostheses and their accessories
- drugs
- food and non-alcoholic
- beverages products classified as food supplements
- traditional and mountain
- products source of water for irrigation in agriculture
- fertilizers and pesticides used in agriculture
- products for sowing or planting in agriculture: seed, seedlings
- provision of specific services in agriculture
- provision of drinking water and sewerage services