Discovering Romania as Business Hub

Discovering Romania as Business Hub
A New Era of Internationalization through Enhanced Partnerships
Country Program Romania, 20 January 2016
© NCH
Page 2
Introduction
This booklet has been developed by the Netherlands Council for Trade Promotion (NCH) in
cooperation with BG & Partners as part of a “Full Service Country program” to facilitate and
support Dutch entrepreneurs with the development of business, trade and investments in
Romania.
The country program consists of a chain of collective and individual programs to enable Dutch
entrepreneurs to obtain local market knowledge, business insights and tailored professional
services to capitalize on the existing opportunities in Romania and use Romania as a strategic
hub for internationalization.
Romania: Healthy Growth and an Increased FDI and M&A
The Romanian economy grew by 3.7%, which is higher than the anticipated 3.3%, during the first
nine months of 2015. This made Romania the EU member state with the fifth highest economic
growth. All sectors and industries contributed to this development together with an
improvement of foreign direct investment (FDI) and significant increase in the M&A market.
€2.3 billion entered Romania during the first eight months of 2015 (61% more than in the same
period in 2014) and the M&A market recorded the highest increase among the Central and
South Eastern Europe markets.
EY reported that the total value of transactions increased from $0.6 billion during the first half of
2014 to $2.1 billion in the first half of 2015. As a result of this economic growth, the European
Commission improved the forecast for the Romanian economy in 2016 to 4.1% growth.
Romania ranks as follows in the EU:
 First ranked for: growth of agricultural exports, IT services, naval vessel exports, total
investment share in GDP, speed of internet connectivity and export growth;
 Second ranked for: number of certified IT specialists, office space availability in metropolitan
areas, wind energy potential, low labour costs and growth rate of the automotive industry;
 Third ranked for: oil reserves (600 million barrels), export growth rate of R&D services and
energy independence.
Romania is lagging in the EU for waste recycling, highway development, size of mutual fund
industry, GDP and insurance premium per capita and healthcare services.
Source: The British Romanian Consultancy, December 2015
Romania is very interesting for Dutch investors due to its economic stability and growth,
strategic location, stable business environment, cost structure and attractive investment
conditions.
NCH and BG & Partners are inviting you to join this country program and explore how we can
support your company in entering the Romanian market with the most optimum market entry
and business strategy.
Country Program Romania, 20 January 2016
© NCH
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Romania Full Service Country Program
Romania is of strategic importance for Dutch firms seeking access to East European and Central
Asian markets. However, like with any other market, in order to access Romania there is a need
for a sound understanding of processes, mechanisms and an in-depth understanding of how
local entrepreneurs and systems work to ensure efficient and optimized market entry.
The Romania Country Program is designed to equip entrepreneurs interested in investing in
Romania with the necessary knowledge, contacts, and tools for maximizing their success in
Romania and consists of the activities and deliverables listed below.
Activities
Seminar:
Capitalizing on the
business
opportunities in
Romania
08 March, 2016
Seminar:
Establishing your
business in Romania/
Trade mission to
Romania
21 April, 2016
Program Overview
 Romania Country Program;
 Business opportunities & business practices in Romania;
 An overview and explanation of the available instruments for financing and
subsidies;
 Case studies: Dutch entrepreneurs active in Romania present their
experiences with entering the Romanian market (opportunities &
challenges);
 Networking reception & one-on-one sessions (limited availability);
 Follow-up plan for interested companies.
 Introduction and summary of the first seminar: main observations/
conclusions (Romania Country Program, opportunities, financial instruments
available, and conclusion of case studies);
 Local operations: essential information regarding the musts, opportunities
and challenges;
 Case studies: Examples of how foreign companies have been facilitated with
EU-funded private investments;
 Trade mission to Romania: information on the program, highlighting how
participation in this mission will facilitate doing business in Romania and
deal with the challenges discussed;
 Networking reception & one-on-one sessions (limited availability);
 Follow-up plan for interested companies.
Trade Mission to
Romania
12 – 18 June 2016
 Kick-off session for detailed information on the collective and individual
Consultancy and legal
support for:
 Individualized market research services;
 Dutch companies interested in entering the Romanian market through direct
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programming of the trade mission;
Flight to Romania: individual briefing, welcome dinner;
Collective program: presentations, company visits;
Individualized program: company visits;
Individual company visits, matchmaking session, networking reception;
Collective activity, debriefing and lunch, flight back to the Netherlands
exports, appointing a local distributor, setting up a local branch, finding a
local partner for products or services, etc.;
Investments Services: setting up a limited liability joint stock company,
branch office, Joint Venture partnerships, representative office;
Intellectual Property (IP) Services: Trademarks, designs, patents and
copyright;
Taxes, customs related services, VAT & Corporate tax.
Country Program Romania, 20 January 2016
© NCH
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Romania: A Market with Opportunities
Romania is interesting for Dutch investors due to its attractive location – located at the
intersection between the EU, the Balkans and the CIS (Commonwealth of Independent States).
The Dutch are experts in multimodal logistics and are currently dominating the North – South
Corridor from Rotterdam to Barcelona. Romania is crossed by three important pan-European
corridors:
 Corridor 4, connecting east and west of Europe;
 Corridor 9, connecting north and south Europe
 Corridor 7, facilitating navigation in Europe.
The port of Constanta at the Black Sea is actually the Southeast gateway to the European
market. It lies at the intersection between the European East-West trade routes but also EuropeNorth Africa-Middle East-Asia and about 300 km from the Bosphorus. This port can
accommodate large capacity vessels for all types of cargo and is a key asset providing
competitive advantages to Dutch companies with business activities in the region. Furthermore,
Romania’s varied geography is rich in land and energy resources, with plentiful fertile
agricultural land, oil, natural gas, and minerals.
Key Facts and Figures
 Land area: 238,390 square km
 Population: 20 million inhabitants
 Main cities: Bucharest, Cluj-Napoca, Iasi, Timisoara,
Constanta, Craiova, Galati, Brasov and Sibiu
 Borders: Moldova, Ukraine, Hungary, Serbia,
Bulgaria
 GDP (PPP): $462,945 billion
 GDP (PPP) per capita: $20,355
 GDP growth: 3.8% (2013)
 Inflation rate: 1.1% (2014)
 Currency: Romanian Leu (RON)
 Time zone: GMT +2
Romania is the seventh largest EU member by population with 20 million inhabitants and a
GDP/capita of $ 20,500. Herewith Romania is not only the European Union`s seventh largest
consumer market and second largest economy in Central Eastern European, but also especially
interesting for Dutch companies due to its access to The Central and Eastern European (CEE)
region with an annual GDP growth of 4 – 5%. Romania can act as a stable gateway to the CEE
markets.
Romania’s accession to the EU in 2007, preceded by a series of reforms in line with the
conditions of EU membership, has fueled confidence and development of the Romanian
economy. Important progress in the last few years includes improvement of investment
attractiveness such as the rule of law, anti-corruption laws and improvement of the
infrastructure.
These improvements, together with Romania’s abundant natural resources, highly trained labour
force, impressive technological and scientific tradition, tax incentives, advantageous
geographical position, etc. are effective vehicles for rapid transformation of Romania into one of
the most attractive investment destinations in Europe. Romania has the possibility to structurally
move on from a reasonable/good economic growth to excellent and impressive economic
growth. Anno 2015, Romania is one of the world's fastest developing markets outside of Asia.
Country Program Romania, 20 January 2016
© NCH
Page 5
The Romanian economy grew by around 2.8% in 2014 and the forecasted growth of 3.3% in
2015 was changed to 3.7%. The EU has allocated € 23 billion to Romania through the 2014 2020 structural and cohesion fund
GDP Structure Romania
program to contribute to investments
in infrastructure, human development
and regional development. The
Services
resulting projects offer good business
opportunities for Dutch companies.
Industry
Considering the projected economic
growth for the coming years, the
Romanian market is expected to
Agriculture
continue growing. In general, the
macro
economic
structure
of
0
10
20
30
40
50
60
Romania offers good opportunities
GDP Occupation
GDP Composition
for Dutch entrepreneurs:
 Main locally produced agriculture products: wheat, corn, barley, sugar beets, sunflower
seed, potatoes, grapes; eggs and sheep. In agriculture the GDP percentage for
occupation is significantly higher than the GDP contribution. This offers plenty opportunities
for mechanization, automation and processing systems in the agricultural sector.
Dutch entrepreneurs are renowned (technology) leaders in farming, processing and
marketing of these products and offer their knowledge and expertise for local
operations;
 Main products of the industry sector are: electric machinery and equipment, textiles and
footwear, light machinery, automobile assembly, mining, timber, construction
materials, metallurgy, chemicals, food processing, petroleum refining. Here are
opportunities for Dutch companies with products and services in the area of
production technologies, manufacturing and quality control;
 In the services sector there are large opportunities for Dutch companies with expertise in
value adding services including insurances, banking, IT services, food processing
technologies, logistics, engineering etc.
Romania Export – Import Matrix
Exports - commodities
 Machinery, equipment
 Metals, metal products
 Textiles, footwear
 Chemicals
 Agricultural products
 Minerals
 Fuels
Exports - partners:
 Germany 19.6%
 Italy 12.1%
 France 6.9%
 Hungary 5.2%
 Turkey 4.6%
 UK 4.2%
Country Program Romania, 20 January 2016
Imports - commodities
 Machinery, equipment
 Chemicals
 Fuels, minerals
 Metals
 Textiles, textile products
 Agricultural products
Imports - partners:
 Germany 19.2%
 Italy 10.9%
 Hungary 7.9%
 France 5.7%
 Poland 4.7%
© NCH
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Competitiveness Index The Netherlands & Romania
Source: World Economic Forum Global Ranking 2015
Pillar 1: Institutions
70
Pillar 12: Innovation
Pillar 2: Infrastructure
60
50
Pillar 11: Business
Pillar 3:
40
sophistication
Macroeconomic…
30
20
10
Pillar 4: Health &
Pillar 10: Market size
0
primary education
Pillar 9: Technology
readiness
Pillar 5: Higher
education
Pillar 8: Financing
market development
Netherlands
Pillar 6: Goods market
efficiency
Pillar 7: Labor market
efficiency
Romania
The competitiveness index analysis comparing Romania with The Netherlands confirms the gaps
in infrastructure, institutions, innovation and technology readiness. These are basically areas in
which Dutch entrepreneurs are quite competitive. Therefore Romania is a very attractive
business destination for Dutch entrepreneurs with expertise in the area of research, innovation,
institutional strengthening, technical solution developers such as consultants and engineering
firms..
Romanian Market Characteristics
 Domestic market of nearly 20 million
consumers;
 English is widely spoken;
 Gateway to markets of the CIS and Balkans;
 Low cost flights between Romania and The
Netherlands;
 Growth in all sectors;
 Education and knowledge minded society;
 Main industries: food and beverages, energy,
metallurgy, crude oil, processing, chemicals,
light machinery, textiles, automotives.
Country Program Romania, 20 January 2016
© NCH
Romanian Market Strengths
 Stable macro economic structure with
durable growth;
 Young, skilled and educated workforce;
 Well-established business environment
(foreign lawyers, accountants and
consultants);
 Implementation of Single Euro
Payments Area (SEPA) standards for
euro payments;
 Plentiful natural resources;
 Western business practices.
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Access to Funds and Instruments
Romania welcomes foreign investments by providing special tax incentives to
potential investors and ensuring an investment-friendly business climate. This
investment-friendly environment combined with available EU funds and
instruments is increasingly opening doors for entrepreneurs seeking to do business
in Romania.
The following activities may benefit from EU funding: acquisition of fixed assets
(buildings, equipment); acquisition of intangible assets (patents, trademarks and
know-how); research & development; IT development; human resources;
participation in fairs and exhibitions; standardization and certification of companies.
For the 2014-2020 period, the EU has allocated € 23 billion to Romania through the
Structural and Cohesion Fund program to further contribute to investments in
infrastructure, human development and regional development. EU funding for
business activities is regulated by the European Competition policy and particularly
invites SME’s to apply for the available funds.
Investments in transport and infrastructure have been prioritized, with € 9 bln of EU
funds being allocated for the development and upgrading of motorways and roads
as well as the construction and modernization of other infrastructure. Furthermore,
€ 7.7 bln of EU funding will be available for environment and water projects,
ranging from consultancy and technical assistance, to the supply of equipment and
technology, to training programs. Other key sectors, as well as the opportunities
related to these sectors, are further delineated in the subsequent section.
Romania’s economy is expected to grow by 4.1% in 2016, supported by strong
domestic demand and a higher disposable income. At the same time, private
investments are expected to continue to grow as the country absorbs more EU
funds and investor’s confidence will continue to strengthen. Led by trade within the
EU, and as a result of domestic push-factors, exports will similarly continue to
generate growth.
Romania’s main industries are:
 food and beverages
 energy
 metallurgy
 crude oil processing
 chemicals
 light machinery
 textiles
 automotives
Country Program Romania, 20 January 2016
© NCH
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Capitalizing on Romania’s Business Opportunities
Romania is very interesting for Dutch entrepreneurs because the country’s profile
fits very well with the Dutch way of internationalization.
The Dutch economic philosophy is based on the
The Netherlands leads FDI in Romania
creation of global value chains, characterized by
The number of companies with foreign capital
cross border operations and multiple integration
participation reached 203,099 at the end of
of the public sectors with private sectors,
September 2015, representing a growth of 3% (y-o-y)
production, knowledge institutes and research.
and a total subscribed capital value of € 41.8 bln.
Considering that The Netherlands is one of the
The ranking by investor’s origin are:
most internationalized countries and the eighth
 The Netherlands: > € 8.4 bln in 4,730 companies
largest outbound FDI investor in the world,
 Austria: ~ € 4.7 bln in 7,004 companies
Dutch capital can be an effective instrument to
 Germany: ~ € 4.6 bln in 20,992 companies
support targeted developments in Romania.
 Cyprus: ~ € 3.5 bln in 5,687 companies
 France: ~ € 2.4 bln in 8,262 companies
This is particularly the case for areas of Dutch
Source: The National Trade Registry Office (ONRC)
expertise, including agriculture, food processing,
05.11.2015
manufacturing,
infrastructure,
water
management and other upcoming sectors such
as IT and the creative industry. Projects of this
nature are eligible for European funds, which have been designed both to foster
investments as well as to contribute to the country’s development priorities.
Currently, The Netherlands is the largest foreign investor in Romania, with over
4,700 Dutch companies represented in Romania with a total value of more than €
8.4 bln.
Romania is considered to be an ideal location for nearshoring due to the low
labour cost and well developed IT sector. In terms of imports and exports, a large
portion of the exports from The Netherlands to Romania consists of chemicals,
machinery, transport, live animals and food. On the other hand, The Netherlands
imports machines (telecommunications equipment), vehicles, furniture, clothing
and footwear from Romania.
HempFlax invests € 5 mln in Romania
Dagblad van het Noorden, 23 October 2015
HempFlax, Oude Pekela, the leading Dutch hemp processing company has invested € 5 million for the opening of
a new factory in Alba, thereby taking advantage of the increase in the market for cultivation and processing of
hemp. Currently, the arable land that it cultivates is approximately 500 hectares and is located in Sebes, Pianu and
Petresti.
Romania is well-known for its former place as the fourth largest exporter of hemp worldwide prior to the year
1989. Since then it has lost its place since the amount of hemp grown decreased sharply. However, there is a
renewed interest in this industry and foreign investors are again turning their attention towards this opportunity.
Therefore, the private investment of € 5 million by HempFlax contributes significantly to the revival of the
Romanian hemp industry.
It is important to mention that the Dutch company is supporting the initiative taken by the Romanian government
to provide grants for farmers who grow hemp for seeds and stems. Furthermore, it wishes to establish a rapport
with Romanian farmers and to support the development of the industry. In this manner, it is possible for HempFlax
to encourage Romanian entrepreneurs and consumers to adopt an environmentally responsible approach towards
conducting their businesses and in the same time to revive the agricultural sector of Romania.
Country Program Romania, 20 January 2016
© NCH
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Opportunities in Key Sectors
Agriculture
Agriculture forms a central part of Romania’s economy, which in combination with
the low costs of land and labor continues to attract foreign investors to Romania.
The Romanian agriculture sector has a capacity to feed 35-37 mln people (almost
two times its own population), but it is underdeveloped and still sluggish.
Together with the energy sector it is considered to be one of the main
development engines of the Romanian economy. However, many aspects need
improvement and business opportunities in export, import or investments are
highly available.
Romania has 3.7 million agricultural holdings, the biggest production being crops
(70.8%), followed by animal production (28.5%) and agricultural services (0.7%). The
main problems for Romanian agriculture are the lack of mechanization equipment
such as tractors and combines, lack of managers, low productivity and lack of
storage capacity. The organic sector is small (only 0.4% of the agricultural land in
Romania compared to the EU average of 3.7%) and infrastructure is
underdeveloped.
Romania is a net provider of unprocessed agricultural products and there is a large
need for know-how and technology for it to become a producer of processed and
value added products. Significant EU funds (€ 8.15 billions) are available for
Romanian Agriculture between 2014 and 2020, to be invested in projects such as:
modernizing farms, processing units and infrastructure, developing agricultural
exploitation and encouraging start-ups in agriculture, forestry, organic agriculture,
know-how.
Buying land in Romania has become easier due to changes in the Romanian
legislation of propriety rights of foreigners. The purchase of agricultural land
however has to be qualified and preference is given to local producers. To do
business in the Romanian agriculture sector it is highly recommended to find a
local partner, especially if the intention is to develop projects based on EU funding.
Wheat, corn and barley were the most exported grains in 2014. The total grain
exports were 6.67 million tonnes, 20.6% higher than in 2013. Romania is a net
exporter of unprocessed products. Romania has few local producers of agricultural
machinery and farm equipment (Mecanica Ceahlau, IRUM and MAT Craiova) which
makes Romania a good market for manufacturers looking for new markets for their
agricultural machinery. Advantages for investors in agribusiness, include:
 No prohibition to land acquisitions by foreigners per 1st of January 2014;
 Low land prices compared to the EU average;
 Favorable climate and soil quality;
 A flat tax of 16%; VAT of 9% for wheat, rye, wheat flour, bread & bakery;
 VAT reverse charge for cereals and technical plants until 31 December 2018;
 Additional 50% deduction for eligible R&D expenses;
 Favorable taxation of holding structures since 1st of January 2014.
Country Program Romania, 20 January 2016
© NCH
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Dutch companies are strong in post harvest management, processing, quality
control and logistics of food products and therefore Romania is a very interesting
market for them.
IT Industry
The Romanian IT industry has been a very successful one over the last 20 years and
is evolving at a high pace. The high number of IT talents, the traditional focus on
science, mathematics and computer science in Romanian schools at all levels are
resulting in more than 5,000 engineers and computer science graduates each year.
Romania is one of the fastest-growing information technology (IT) markets in
Central and Eastern Europe. The country has made significant progress in all
subsectors of the information and communications technology, including basic
telephony, mobile telephony, web technologies, internet and IT. It is considered
one of the fastest growing markets of custom application development services
offering such services at competitive prices and high standards of professionalism.
The country’s telecom sector has been deregulated, expanded and modernized
over the past 15 years.
Romania is the leader in Europe, and sixth in the world, in terms of the number of
certified IT specialists, with density rates higher than countries such as US and
Russia. There are almost 100,000 specialists in the IT sector and in terms of IT
outsourcing services Romania is ranked third at a global scale, thereby competing
against India.
Romania’s reputation as a major IT hub in Eastern Europe is due to:
 the technical and linguistic abilities of the professionals;
 the rapidly improving business environment;
 the high number of technical universities;
 the Western culture;
 the competitive labor costs.
These aspects are a key success factor in, among others, nearshore and offshore
software outsourcing projects. Combining offshore with nearshore partnerships has
become the norm for many companies in North America and Western Europe.
Diversifying the vendor portfolio reduces risks and ensures an increased efficiency.
As labour costs in countries like India and China are on the rise, the cost advantage
of offshore software outsourcing has lost a part of its appeal. Factors such as the
political climate, high turnover rates and cultural barriers may be important
concerns to executives of companies on the lookout for outsourcing partners.
Offshore IT outsourcing ensures access to a large pool of highly skilled software
specialists needed for large scale projects, while smaller scale projects can usually
be tackled more efficiently with a nearshore team or with a combination of local
and nearshore outsourcing. Geographic proximity makes travel and communication
easy and inexpensive and avoids major cultural gaps. In a nearshoring relationship
it is highly likely that the partners speak “the same language”. Nearshore software
development in Romania has never been easier and more enticing for customers
located worldwide.
Country Program Romania, 20 January 2016
© NCH
Page 11
The Romanian IT sector, and its diversified subsectors, are quite attractive for Dutch
companies in the IT sector as well as Dutch companies looking for nearshoring
their operational support services. The same applies to foreign companies with
operations in The Netherlands.
Manufacturing & Automotive industry
The industrial manufacturing industry has been one of the most profitable sectors
of the Romanian economy in recent years. Much of the Romanian manufacturing
industry consists of branch plants of foreign firms, particularly for the production of
automotive components, heavy machinery and equipment for the extraction of oil
and gas. Romania has a growing automotive cluster with a network of suppliers
and components manufacturers.
Most of the Romanian suppliers work in Joint Ventures with foreign partners, in
which the Romanian party provides production facilities, utilities and engineering
services, whilst the international car manufacturers bring in their brand, global
knowhow and services. These Joint Ventures produce automotives for both the
domestic market and overseas markets. In order to attract foreign investors and
companies, the Romanian government offers several state grants for investments
made within this industry.
At present, Romania is considered to be the most attractive country for the
development of the automotive manufacturing industry in the entire Central and
Eastern European region.
The Netherlands does not have a strong tradition in car manufacturing, however
there are quite some Dutch companies which are leading in technologies forming
an integrated part of car manufacturing. In addition, Romania is a very attractive
destination for Dutch companies to source parts for the automotive after sales
market.
Country Program Romania, 20 January 2016
© NCH
Page 12
Infrastructure
Romania’s public infrastructure will remain a priority in the following decades, as
ensuring high-quality infrastructure developments has been identified as essential
for a continued economic growth. Authorities are seeking to build new waterways
and to modernize specific ports for an estimated overall investment of around € 4
billion. The air transport sector will also receive around €1.3 billion to be spent on a
range of infrastructural projects.
The Government in Bucharest has adopted the Transport Master Plan, which
provides for a total of € 25 bln to be invested in road, rail, maritime and air
transportation projects, as well as the building of multimode corridors which
combine different means of transport.
In terms of road transport projects, the Transport Master Plan allocates:
 € 13.7 billion for 1,300 kilometers of motorway;
 € 9.9 billion for 1,825 kilometers of express Road;
 € 1.6 billion for 2,870 kilometers of Transregional roads; and
 € 190 million will be invested in the building of 343 kilometers of Romania’s
TransEuropean road segment.
There are opportunities for Dutch companies in the development of master plans,
engineering, civil constructions, traffic control systems, repair works, electrification
of rail tracks, building of high-speed rail sections, etc.
Energy
Romania has the fourth largest crude oil reserves in Europe, making Romania an
interesting country for companies active in energy and related industries.
Upcoming opportunities include the installation of 247 km of new pipelines, the
modernization of refineries and transportation systems, as well as tenders for
offshore and onshore licenses.
Furthermore, Romania is a potential paradise for renewable energy, including solar
and wind-generated energy. The EU supports this business field by offering
irredeemable funds of up to € 50 million to potential investors, whilst Romania has
recently engaged in implementing legislation that can further facilitate businesses
that are active in this field providing a stable national framework that supports
renewable energy and streamlined administrative procedures.
The largest European wind park is currently being built in Romania, contributing to
the goal of covering over 50% of the country’s electricity needs. However, in order
to meet this target, more investments in renewable energy will be needed.
The European Structural and Cohesion fund supports projects related to energy
and transport, provided that these projects benefit the environment in terms of
energy efficiency and the use of renewable energy.
Country Program Romania, 20 January 2016
© NCH
Page 13
About NCH
About BG & Partners
The NCH has been supporting Dutch companies in
internationalization and realizing sustainable
growth on foreign markets for almost 70 years.
The NCH has a global network and large expertise
in capacity development with a focus on
international business development.
BG & Partners is the first Dutch – Romanian law
firm in The Netherlands that offers legal and
consultancy services to investors worldwide. We
offer customer-orientated assistance with a
specific focus on emerging Eastern European
markets.
The NCH has an exclusive network, both in The
Netherlands as well as in various regions of the
world: Europe, Middle East, Africa, Asia, Latin
America, North America. Amongst others, the NCH
supports Dutch companies with exploring new
markets, expanding and improving existing
international activities through collective activities
and company specific activities.
Our firm benefits from a unique strategic position
on the European market with three offices across
Europe – The Hague, Bucharest and Sibiu - with
simultaneous access to the Dutch and the
Romanian markets and jurisdictions.
With a network of 35 Business Councils and 30,000
Dutch clients, the NCH has a sound knowledge of
the Dutch market and the needs of Dutch
entrepreneurs per sector and region.
The NCH staff have large experience in analyzing
markets, conducting market research and produce
industry sector and regional analyses.
Our team is composed of in-house Romanian and
Dutch legal experts, committed to creating a
platform of business development for Dutch
investors and Romanian businesses to work
together and expand their vision across borders.
BG & Partners successfully developed a
multifaceted concept with strategic partners and
services tailored for your benefit, ranging from
legal and tax advice, consultancy services, market
entry support and access to European funding
schemes.
We have an exclusive network of business partners
and legal practitioners, both in The Netherlands
and in Romania to act as a liaison between
investors and businesses, facilitating growth and
development.
Companies interested in participating in the Romania Country Program or more
information are invited to request a meeting with representatives of the NCH by
sending an email to NCH Project Assistant Ms. Patty Hilleveld ([email protected]).
Sources
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AmCham. Priorities for Romania. 2014
International Monetary Fund. Romania Selected Issues. 2015
KPMG. Investment in Romania. 2015.
The European Bank for Reconstruction and Development. The EBRD in Romania. Dec. 2015
The European Bank for Reconstruction and Development. EBRD Legal Reform in Romania. 2015
World Bank
Doing
Business
in Romania.
2015
 Group.
Direct
flight
twice
a day Dec.
Amsterdam-Bucharest
The British Romanian Consultancy, December 2015
 The most extensive network of domestic flights
The National Trade Registry Office (ONRC)
World Economic Forum: Global Competitive Index 2014-2015
www.unece.org/fileadmin/DAM/trans/doc/2013/wp5/Romania_100913_WP5_workshop.pdf
Country Program Romania, 20 January 2016
© NCH
Page 14
Benefits of traveling with TAROM
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Direct flight twice a day Amsterdam-Bucharest
The most extensive network of domestic flights
Miles through Flying Blue frequent flyer program
One bag of 23kg free of charge
Free hot meal on board
Online check-in
Corporate and business traveler packages
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Flat rate
Granted availability
Flexibility
Changeable tickets with no fee
Tarom Netherlands
Adress: The Base ,Evert van de Beekstraat 310, 1118CL, Schiphol
Phone: 0208004993
e-mail:[email protected]
Country Program Romania, 20 January 2016
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