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About Romania

Peles Castle

Why should you go to Romania? The straight answer is because it is one of the most beautiful countries of Southeast Europe.

Few regions offer a more dazzling display of cultural and artistic treasures than Romania. Romania has majestic castles, medieval towns, great hiking and wildlife.

Romania offers a rich tapestry of tourist attractions and vacation experiences unique in Central-Eastern Europe: medieval towns in Transylvania, the world-famous Painted Monasteries in Bucovina, traditional villages in Maramures, and the magnificent architecture of Bucharest, the romantic Danube Delta, fairy-tale castles, and the Black Sea resorts, the majestic Carpathian Mountains, spas and much more.

Romania was one of the least visited countries in Europe, till 15 years ago. Closed for more than 40 years behind the "Iron Curtain" and almost isolated from the rest of the world by a tough communist regime until 1989, Romania is a land of many genuine treasures that are waiting to be discovered.

A marketplace of 22 million, 37 million acres of arable land, a vibrant oil and gas industry, breathtaking landscapes, an expanding economy, a well-educated workforce with more than 50,000 specialists in information technology, access to the Black Sea and Asia. These features of Romania have attracted foreign investors, especially U.S. investors, in banking, energy, biotechnology, manufacturing, electronic components, cable operation, consumer products, telecommunications and film production, among others. They have discovered that American management and capital works profitably in Romania. U.S. exports in Romanian are growing as well, fueled by Romania’s economic expansion and new reductions in trade barriers.

The Romanian government supports foreign investors through the Romanian Agency for Foreign Investments, known as ARIS.

Romania is the largest, high-income EU member economy of Central-Eastern Europe, the 12th largest in European Union by total nominal GDP and the 8th largest based on purchasing power parity and is one of the fastest growing major nation in recent history with consistent annual GDP growth rates well above 7%. Romania is a member of the European Union (7th largest country), its most important trading partner. Its capital, Bucharest (with 2.5 million people - metropolitan area), is one of the largest financial centers in the region. Romania has experienced growth in foreign investment with a cumulative foreign direct investment totaling more than $45 billion since 1989.

Romanian GDP will double by 2011. Romania is one of the most stable and prosperous states of Central, Eastern and South Europe. As of 2007 the economy is growing at a steady pace of above 7% a year. Future prospects are tied to the country's increasingly important integration with the European Union member states. The country is expected to join the Euro zone between 2010 and 2012.

Romania also has a strategic port which makes it more competitive than many of its neighbors to carry out such entrepreneurship activities. The Port of Constanta is the busiest on the Black Sea, surpassing others. In addition, Constanta's port infrastructure and skilled workforce, which is due to the success of Romania's education policy in producing skilled workers, is also fundamental in this aspect as they provide easier access to markets for both importing and exporting, and also provide the skill(s) needed to refine imports into exports.

Due to the dynamic boom economy, in 2007, Romania now had 9 billionaires (in US dollars), compared to 2 in 2006.

The tremendous social, political and economic changes Romania has experienced and will continue to experience make multi-disciplined strategic business consulting essential for clients hoping to prosper in a challenging but extremely rewarding environment.