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Why Romania?
“Moody's Investors Service upgraded the Romanian government’s long-term and short-term foreign and local currency ratings to Baa3/P-3 with a stable outlook. The upgrade was prompted by continuing improvements in Romania's economic institutions and a reduction in the government's debt burden. Accession to the EU in January 2007 should anchor these improvements and provide impetus for a continuation of reforms” Moody’s, Rating Action Oct 06, 2006
Since 1990, the Romanian economy has started to change towards a market economy increasing its domestic capital, bringing modern management and structure and providing access to the international markets. Romania improved its legal framework (thanks to suggestions coming of from foreign investors and international organizations including the World Bank, IMF and the European Union) in order to offer a national treatment in many respects to foreign investors.
In this respect, Romania provides potential foreign investors with the following advantages:
- Member of the NATO with full rights, member of the European Union and member of UN, being a stability factor in the region; free trade agreements and diplomatic relations with almost all countries in the World;
- The second largest market (after Poland) in Central and Eastern Europe- 21,6 million inhabitants;
- Strategic Geographic Location: Romania links Europe with the Middle East and Asia. The Danube-Rhine corridor carries increasing amounts of freight following the closure of this route during the Balkans war. US Armed forces are relocating a significant number of military and naval bases to Romania at Kogalniceanu & Constanta;
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Easy access: Romania is situated at the crossroads of three Pan-European transportation corridors: corridor no. 4 – for motor vehicles and railways (Berlin – Prague – Budapest – Arad – Bucharest - Constanta – Istanbul – Salonic); corridor no. 7 river corridor (Constanta – Danube – Main – Rine) and corridor no. 9 for motor vehicles and railways (Helsinki – Moscow – Odessa – Bucharest – Constanta – Alexandroupolis)
- Due to Romania’ s EU membership has brought a greater harmonization of the laws and regulations with the general European framework;
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The presence of branch offices and representatives of international corporations such as: CITY BANK, ABN-AMRO, ERSTE BANK, ING BANK, OMV AKTIENGESELLSHAFT, RENAULT SA, MITTAL STEEL HOLDING, SIEMENS BUSINESS SERVICES GMBH, VODAFONE, THE ROMPETROL GROUP N.V. COSMOTE MOBILE TELECOMMUNICATIONS SA, MOBIFON HOLDINGS B.V. MOL OIL AND GAS PUBLIC LIMITED COMPANY, SC KAUFLAND RUMANIEN WARENHANDEL GMBH, COLGATE-PALMOLIVE INC, OTE INTERNATIONAL INVESTMENT'S LIMITED, UPC ROMANIA HOLDING B.V., BANK Austria CREDITANSTALT AG, E.ON RUHRGAS AG, HOLCIM AUSLANDBETEILIGUNGS, ENEL DISTRIBUZIONE SPA, NATIONAL BANK OF GREECE SA, MCDONALD'S SYSTEM OF ROMANIA INC, CARREFOUR, CORA.
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