Romania Top Destination for Investment. Bucharest August 09th, 2012

Transcription

1 Romania Top Destination for Investment Bucharest August 09th, 2012

2 Romania the largest market in South Eastern Europe 1000 km radius 1500 km radius Area: Population: 238,391 km 2 (9th largest in EU) 21.5 million (7th largest in EU) Capital city: Bucharest 2.1 million European Union status Member since January1 st,2007 Affiliation: NATO,WTO,WB, IMF. Bucharest Bucharest BLACK SEA Domestic currency: LEU (RON) 1EUR= RON 1USD= RON (As August 08th, 2012) Official language: Romanian Administ. division: 41 counties and Bucharest 2

3 Pan European Corridors crossing Romania PAN EUROPEAN CORRIDORS CROSSING ROMANIA Helsinki Kiev - Bucharest Odessa/Alexandropoulos IV VII IX Dresden/Nurnberg Bucharest Constanta/Thessaloniki/ Istanbul The Danube river - 2,300km Helsinki Kiev - Bucharest Odessa/Alexandropoulos3

4 Significant Potential for Growth Source: EUROSTAT; WIIW Poland 2011 Slovakia Romania Czech Republic Hungary Bulgaria Slovenia EU % 3.3% 2.5% 1.8% 1.7% 1.6% 0.3% 1.6% GDP Growth Rate 8.5% 7.9% 7.3% 6.3% 5.1% 5.2% 4.2% 2.5% Source: National Institute of Statistics; GDP EU % -1.6% Rapid GDP growth rate between ; Severe adjustment of GDP in 2009 and 2010 triggered austerity measures and a Governmental anti-crisis program; Forecast 2012: + (1~1.2 % ) 4

5 Inflation Rate Source: Eurostat; WIIW Annual average Inflation Rate 2011 Romania Slovakia Hungary Poland Bulgaria Czech Rep Slovenia EU % 4.1% 3.9% 3.9% 3.4% 2.2% 2.1% 3.1% Inflation Rate 34.5% 22.5% 15.3% 11.9% 9.0% 6.5% 7.9% 4.8% 5.6% 6.1% 5.8% Source: National Institute of Statistics; National Bank of Romania is targeting the inflation; Disinflation policy to join Euro zone after 2015; Forecast 2012: 3.2%; 5

6 Human Capital Demographics Young population (more than 50% under 40 years old) Almost 21.5 million people Talent pool Cities with more than 100,000 inhabitants more than 1,000,000 inhabitants 300, ,000 inhabitants 200, ,000 inhabitants 100, ,000 inhabitants Source: National Institute of Statistics 108 universities, 624 faculties 214,800 university graduates/yr Availability of technical engineers High industrial experience Flexibility Foreign language skills 6

7 Labor Cost A debated topic Gross average monthly wages Gross average monthly wages EUR EUR Slovenia Czech Rep. Poland Slovakia Hungary Romania Bulgaria Source: Vienna Institute for International Economic Studies Source: National Institute of Statistics; Romania will hold on its competitive advantage related to labour cost; Adjustment of the salaries growth in the administration system; 7

8 10 Major University Centers CLUJ-NAPOCA 600 thou S: 93% P: 7% TARGU - MURES 12 thou S: 79% P: 21% IASI 58 thou S: 90% P: 10% SIBIU 24 thou S: 92% P: 8% BRASOV 58 thou S: 69% P: 31% GALATI 20 thou S: 87% P: 13% TIMISOARA 42 thou S: 89% P: 11% CRAIOVA 35 thou S: 89% P: 11% BUCURESTI BUCURESTI 285 thou State: 67% Private: 33% PITESTI 14 thou S: 86% P: 14% 8

9 Poland Czech Republic Romania Bulgaria Slovenia Slovakia Hungary 2011 Inward FDI Flows Source: Vienna Institute for International Economic Studies Annual Inward FDI Third largest inward FDI receiver in Central - Eastern Europe; Stock: EUR 54.5 bill. ( ); EUR 30 bill.attracted over the last 6 years only; EUR million Source: National Bank of Romania 9

10 FDI by Field of Activity Total Economy ( ) 5.9% 9 % 7.4 % 1.1% 1.4% 6.2% Manufacturing 19.1% 12.4% 32% 4.9% 6.9% 3.9% 3.3% Manufacturing Trade Financial services IT&C Real Estate & Constructions Energy&Utilities Agriculture,Forestry&Fishery Transports Others Source: National Bank of Romania 5.3% 0.9% 1.9% 1.4% 1.4% 1.9% Metallurgy Food, Beverages, Tobacco Transport means Oil processing, chemicals, rubber & plastic Construction materials Wood processing Textile, wearing apparel & leather goods IT&C equipment Machinery & equipment Others 10

11 Top 10 Investing Countries ( ) Netherlands Austria Germany France Greece % 17.8% 12.2% 8.3% 5.7% Italy 6 Cyprus 7 Switzerland 8 USA 9 Spain % 4.9% 3.8% 2.6% 2.0% Source: National Bank of Romania 11

12 Radauti Prut DARABANI 29A E81/E58 Tarna E85 George Enescu Manoleasa Highway Infrastructure Development Mare 29 Sapinta 29C DOROHOI SIRET SAVENI 1CHALMEU 19 Livada SIGHETU Vicovu Ralos Ungureni Petea MARMATIEI Varful 18 de Sus 29B Stanca RADAUTI Cimpului 1C OAS Dorolf Vama Feresti BOTOSANI Stefanesti Seini 18 Sucevita Marginea 29A 29C 29D Urziceni SATU MARE Mara VISEU DE SUS E671 1C BAIA MARE Moisei 17A 29 Rutani 19 CAREI Ardud BAIA SPRIE Vatra Sacel Borsa Moldovitei Ilisesti E58 Vama SUCEAVA Nicolae Balcescu 1F 19A Satulung Cirlibaba Romuli E85 28B Valea lui Mihai E81 17D Somcul Mare 18 GURA HUMORULUI TUSNAD Supuru de jos CIMPULUNG FALTICENI 1C 17C Rodna Iacobeni MOLDOVENESC HIRLAU Chiril Praxia SCULENI SUPLACU DE Rastoci 19B MARGHITA Sarmasag Cosbuc SINGEORZ-BAI 17B E583/E58 Sacueni SIMLEU 1H NASAUD VATRA 19 Supiacu SILVANIEI JIBOU DORNEI Brosteni 15C Motoc Ruginoasa BARCAU Podu IloaieiE58 de Bacau 1H Surduc Gilgau 17D 28A E583 Nusfalau 1C Tihau 17C E60 Biharia ZALAU Borca 15B PASCANI 28 Vinatori TIRGU TIRGU FRUMOS Cracaoani NEAMT Strunga BORS 1H Prundu Birgaului BORS ORADEA DEJ BISTRITA Poiana Miclauseni IASI 1 Romanasi Largului 28 BUCIUM IASI MIHAILESTI PIATRA NEAMT Baile Felix ALESD E60 Sinmihaiu Almasului GHERLA 15 Dobreni Sabaoani 24 Les 76 E576 Deda BORSEC 15C 28 ORADEA Zimbar 15 15D Dragesti SABAOANI ROMAN E581 Inana 1 1G Rascruci 15 BICAZ PIATRA NEAMT TOPLITA Tarcau 15D E671 E C 1F NEGRESTI Vulturesti ALBITA HUEDIN Apahida Camarasu Ditrau SALONTA 16 Copaceni REGHIN Lacu Rosu 15 24B 15D 16 BICAZ Pocola NAPOCA Dimbu Joseni GHEORGHIENI 79 VASLUI HUSI BEIUS E60 CLUJ TARGU 13B BUHUSI 2F ALBITA VARSAND 15 SOVATA 12 Secuieni 24B Dragomiresti MURES SOVATA Ghimes-Faget Sindominic GHEORGHIENI 79A CHISINEU-CRIS TURDA CIMPIA TURZII TIRGU BACAU 12A Crasna Buru MURES 13A Praid Nadab 79A Arieseni MOINESTI 2GScorteni Sirbi 24A INEU VASCAU NUCET Albac E81 Corund Sanduleni COMANESTI 76 Lupsa 75 CAMPIA PRAID Iernut 13A Balauseri Singeorgiu Lupeni VLAHITA Darmanesti E574 E85 E581 E671 Miraslau MIERCUREA CIUC CIMPENI TIRNAVENI 13 TIRGU Falciu OCNA BIRLAD Zorleni Virfurile E68 NADLAC TURZII Turnu 79A ABRUD AIUD 14A ODORHEIU NADLAC Gurahont SECUIESC Sinmartin ONESTI 24A SLANIC 12B Podu Turcu SIGHISOARA Cozmeni 11A Murgeni 7 E79 74 Bucium Blajel MOLDOVA Cenad Paulis BRAD Buces Teius 14 Oituz 26 14B DUMBRAVENI 11A BAILE TUSNAD ARAD SINNICOLAU E68 ALBA IULIA 11B 11 1 MEDIAS ADJUD Capruta MARE 6 69 ARAD BLAJ LIPOVA Criscior 74 14B COPSA MICA Lovrin Vinga ZLATNA Bretcu E581 Axente Sever RUPEA TIRGU E85 SECUIESC 59C Ortisoara Savirsin 76 SEBES Hoghiz 12 2D Lepsa Gara Berheci Oancea 7 ILIA 14 Biled Soimus 7 FAGARAS Vidra SFINTU MARASESTI 24 E671 JIMBOLIA Faget SEBES E81 GHEORGHE E574 TECUCI Carpinis E673 59A 68A Cosava DEVA SIMERIA 68B 57C E68 FAGARAS Sercaia Voila 1 11 Reci 2D SIBIU Foltesti Chichis TIMISOARA DEVA ORASTIESugag 1 Sinca E68 INTORSATURA HUNEDOARA CALAN 1/7 Cirtisoara Veche CODLEA Prejmer FOCSANI FOCSANI 26 Avrig BRASOVBUZAULUI Hanu Conachi LUGOJ Talmaciu 73A BRASOV 10 TIMISOARA 25 59B VESTEM SACELE Tulucesti LUGOJ 58A HATEG E81 Bilea Lac RISNOV OTELU ROSU Cirnesti Voiteg E79 68 Pui Bran 73A Siriu Independenta GALATI 2 2B 73 Cheia PREDEAL DETA Sarmisegetuza 58B Berzovia 1A Nehoiu RIMNICU SARAT Sendreni 58 CARANSEBES Maneciu- Saceni PETROSANI 7A Obirsia Lotrului Voineasa Rucar Garvan E60 22 Balta Alba 2B BRAILA 7 E574 SINAIA Smirdan Ungureni E70 BOCSA URICANI 66A Poienari Movila Lacu 7A CIMPULUNG 71 Ciuta MORAVITA RESITA Cimpu Malaia 10 Sarat MACIN 22 ISACCEA Miresii lui Neag BREZOI COMARNIC 7C Cislau Traian E87 Domnesti Carasova 67A RIMNICU 73C Moroeni VALENII TULCEA Schitu Vernesti Ianca 22D DE MUNTE Cataloi 57 NOVACI Polovraci VILCEA CURTEA Golesti FIENI BUZAU FAUREI 2B 21 Cerna E70 Gradinari 58 Bumbesti- HOREZU 64 73C CIMPINA DE ARGES 72A 2B Cilibia Horia Nalbant Runcu Jiu Budau Costesti 57B ANINA Bengesti Maldaresti BAILE OCNELE E574 PLOIESTI1B 22D 22A PLOIESTI ORAVITA 67 Cimpu Mare GOVORA MARI 57B 67D 67D E81 7C 1 2C E577 MIZIL E87 Scoarta Babeni 73 TIRGOVISTE Albesti BAIA DE ARAMA Pogoanele Insuratei Ciucurova Topolog 22D BABADAG Naidas Bozovici Iablanita TIRGU JIU TIRGU CARBUNESTI Dragomiresti Pieptani I.L.Caragiale ROVINARI PITESTI Rohman Socol 57 BAILE HERCULANE 67B 65C Pesteana-Jiu Gradistea 64 1D GIURGENI 22A Caugagia 57A Dobroteasa PITESTI A E85 Pojejana Topleta Grivita 21A HIRSOVA 67B Floresti MOTRU Hurezani Vedea Cerbu E60 Scraiu MOLDOVA NOUA ORSOVA 67 Brosteni 67B Giulesti COSTESTI E70 GAESTI Cringasi URZICENI Mihai 2C TANDAREI Viteazu 65A 67A TITU E60 E60 Berzeasca DROBETA DRAGASANI E574 Redea E771 TURNU SEVERIN BUFTEA 1 Amara 3B E60 2 Malu2A Facaeni E87 Tintareni Bildana OTOPENI SLOBOZIA 2A 57 Simian 6 Balcesti 7 E85 DRAJNA STREHAIA 65 Pasarea Ungheni Lehliu A1 Branesti Fundulea Dragalina 56B FILIASI 65C Crevedia Mare Lehliu 3A FETESTI 3A FETESTI A2 Mihail E70 Ganeasa SLATINA Gara Drajna Kogalniceanu BUCURESTI Stefan Voda Capul Midia CERNAVODA 22B VINJU MARE Vlad Tepes E79 21 BALS Brincoveni Clejani 3 Cuza 22C NAVODARI Adunatii- 4 CRAIOVA 65A 61 6 Copaceni Budesti Voda Ovidiu CONSTANTA 3B Basarabi In use: 510 km BUCURESTI Minastirea 56A 64 Ghimpati 31 Agigea CRAIOVA Calugareni CALARASI Corvin Pietreni Leu CARACAL Daneasa ROSIORII Draganesti Vlasca OLTENITA E70 Greaca 3 EFORIE NORD 6 E70 5B Ostrov DE VEDE Baneasa Cobadin 39 E675 EFORIE SUD 56 Rodovan Stoenesti 41 Cetate E Amzacea COSTINESTI km Daia NEPTUN 55 ALEXANDRIA JUPITER E85 Maglavit 54 Negru voda 38 E87 VENUS 65A SATURN E79 CALAFAT Rast 52 GIURGIU Smirdioasa MANGALIA CALAFAT 55A CORABIA Dabuleni TURNU MAGURELE 51 Vama Veche Bechet 54A 1140 km 54 51A E87 ZIMNICEA Under construction Under design and expropriation Source: CNADR E70 6 E70 6 E70 1F E81 E81 66 E79 66 E79 66 E58 E671 E58 17 E576 E A E68 E58 17 E60 E E58 5C E85 E70 CONSTANTA 12

13 Logistics serves Trade The Romanian Corridor is your route Wien Budapest Trieste Timisoara Bucharest Constanta Cost to Serve European Hinterland Port Rotterdam Port Koper Port Constanta Port to warehouse Warehouse Distribution Totals Difference Thessaloniki 13

14 Foreign Investor Rights national treatment for foreign investors; foreign investment allowed in all sectors of economy; possibility to freely manage the company with full ownership rights; full repatriation of capital and profits; protection against expropriation and nationalization; Access to incentives and funds provided by EU and Romanian legislation; 14

15 State aid scheme for sustainable Implementation period: ; Total budget: 1 bn. Euro; Conditions to be fulfilled: economic development Investment of 5-10 mil. euro minimum 50 new jobs created Investment of mil. euro minimum 100 new jobs created Investment of mil. euro minimum 200 new jobs created Investment higher than 30 mil. euro minimum 300 new jobs created Eligible costs: Tangible assets: buildings (industrial, touristic, medical), installations, machines, equip.; Intangible assets: inventions, licenses, know-how; The amount of the state aid: Investment in Bucharest Ilfov region max. 40% of the eligible costs (no more than 22.5 mil. euro) Investment in the other regions max. 50% of the eligible costs (no more than mil. euro) 15

16 Map of Industrial Parks 50 Industrial Parks Both private & public Greenfield & Brownfield Access to utilities Package of services offered by the park administration Wide variety of activities to be developed Some created for hightech activities 16

17 Fostering public investments Increase in the budgetary allocations for public investments from 6.3% of GDP in 2008 to 6.6% of GDP in 2011 (from 32.6 bn. RON in 2010, to bn. RON in 2011) Enactement of Public-Private Partnership Law (PPP) For the first time, Romania has a PPP law (starting 2010). Advantages of PPP: the PPP law Various sources of private financing for public projects. Increased efficiency as a result of private management of projects. Reducing costs for local and central administrations. 17

18 Public-Private Private-Partnership Partnership Projects Transport, Infrastructure and Energy Transport and Infrastructure Comarnic Braşov Highway under concession Sibiu Piteşti Highway 116 km Ploieşti Buzău Focşani Highway 133 km Bucharest South and North Beltway Târgu-Mureş Iaşi Ungheni Highway 307 km Energy Tarniţa Lăpuşteşti pumped storage hydroelectric power station 3 and 4 Cernavodă Nuclear Facilities Doiceşti Steam Power Plant AGRI International Project (Azerbaidjan Georgia România Interconnector) Environment, Agriculture, Regional Development, Health System and Justice Environment and Agriculture Siret Bărăgan Channel Regional Development Eco Project in Ghencea district Esplanada Project Danube Bucharest Channel Danube overpass, between Brăila and Tulcea Health Care System 6 regional emergency hospitals in Timişoara, Cluj-Napoca, Târgu-Mureş, Iaşi, Craiova and Bucharest Turning to advantage the Health Care Centre "Ana Aslan Justice Building a penitentiary in PPP 18

19 Competitive Taxation Corporate Income Tax VAT Social Contributions Employee Employer Bulgaria 10% 20% 12.9% 17.8% Romania 16% 24% 16.5% % Slovenia 18% 20% 22.1% 16.1% Poland 19% 23% 22.71% % Slovakia 19% 20% 13.4% 35.2% Czech Rep. 19% 20% 11% 34% Hungary 19% 27% 18.5% 28.5% Source: EU Commission Many Central and Eastern European countries increased the VAT in order to cope with economic crisis; Romania is maintaining the flat corporate tax; 19

20 ROMANIA TRADE & INVEST Body under the authority of Ministry of Economy, Trade and Business Environment In charge with attracting and retaining foreign direct investment Promote the Romanian exports Providing free of charge SERVICES for foreign partners in Romania SERVICES Search and advice on the best location in Romania to fulfill the company' needs including site search, analysis & touring around Value added information on incentives and other administrative procedures Search for industrial and service suppliers Offer trade information services and training support to the Romanian companies 20

21 Thank you for your attention! tel: fax: website: