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The romanian business environment

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Bogdan Popa

The document discusses Romania's business environment and policies. The Romanian government aims to support entrepreneurs and private business through economic reforms that create a stable and predictable climate for business. Key institutions that guide Romania's trade and foreign investment policies include the Department of Foreign Trade within the Ministry of Economy, the Export Council, and the Department for Infrastructure Projects and Foreign Investment. In general, establishing a company in Romania only requires meeting legal registration procedures, though some industries may require additional permits. Monetary policy is set by Romania's central bank, the National Bank of Romania, which aims to achieve and maintain price stability.

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Student: Popa Bogdan Mihai Group: 8102 I.E.A. - Management University of Agricultural Sciences and Veterinary Medicine Bucharest
Romanian Government policy regarding business is focused on supporting private entrepreneurs and stimulate free enterprise.Government actions aimed at reinforcing a stable and predictable business environment, elimination of state monopolies economically unjustified, strengthening free competition, increase transparency of business and government policy or monetary policy and labor market liberalization
Internally the main institution responsible for developing and implementing trade policy is the structure of foreign trade - Department of Foreign Trade and International Relations - Ministry of Economy. This institution provides information and business representatives, the opportunities for imports, exports to third markets, as well as the programs of Romania's participation in international fairs and exhibitions.Other entities with responsibilities in the area of trade: Export Council is an organizational structure at national, public-private nature, without legal personality, which is attached to the Ministry of Economy and aims to harmonize sectoral strategies, inter-regional and National Export Strategy and the prioritization export.
Department for infrastructure projects and foreign investment - is organized and operates as a specialized body of central public administration, with legal personality, the stuff of the Government. It ensures the coordination of infrastructure projects of national interest, preparation, execution and implementation of infrastructure projects designated by Government decision competence and uniform application of policy coordination at central and local government in stimulating, promoting and implementing foreign investment and public-private partnerships.
Experience has shown that reform of Romania's macroeconomic stability can not be achieved only through effective implementation of a comprehensive package of reforms that create a healthy business environment. In general, to set up a company in Romania, there is no need of any special permission. However, in some industries, require a permit from the competent bodies. General procedure for setting up a company requires meeting certain legal procedures: obtaining court decision, commercial registration.
Develop and implement monetary policy, including exchange rate policy is carried out by the central bank - National Bank of Romania (BNR) (www.bnr.ro) independent public institution only authorized to issue currency as legal tender in Romania. The fundamental objective of the central bank is to achieve and maintain price stability.
http://www.mae.ro/node/1415 http://www.economiaintreprinderii.ro/cap6/s2.htm http://biblioteca.regielive.ro/referate/economie/m ediul-de-afaceri-in-romania- 41283.html?ref=doc3 http://www.presidency.ro/?_RID=dep&id=22&_PRI D=dep_pers http://cursdeguvernare.ro/mediul-de- afaceri-romanesc-si-trei-dintre- dusmanii-sai.html

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The romanian business environment

  • 1. Student: Popa Bogdan Mihai Group: 8102 I.E.A. - Management University of Agricultural Sciences and Veterinary Medicine Bucharest
  • 2. Romanian Government policy regarding business is focused on supporting private entrepreneurs and stimulate free enterprise.Government actions aimed at reinforcing a stable and predictable business environment, elimination of state monopolies economically unjustified, strengthening free competition, increase transparency of business and government policy or monetary policy and labor market liberalization
  • 3. Internally the main institution responsible for developing and implementing trade policy is the structure of foreign trade - Department of Foreign Trade and International Relations - Ministry of Economy. This institution provides information and business representatives, the opportunities for imports, exports to third markets, as well as the programs of Romania's participation in international fairs and exhibitions.Other entities with responsibilities in the area of trade: Export Council is an organizational structure at national, public-private nature, without legal personality, which is attached to the Ministry of Economy and aims to harmonize sectoral strategies, inter-regional and National Export Strategy and the prioritization export.
  • 4. Department for infrastructure projects and foreign investment - is organized and operates as a specialized body of central public administration, with legal personality, the stuff of the Government. It ensures the coordination of infrastructure projects of national interest, preparation, execution and implementation of infrastructure projects designated by Government decision competence and uniform application of policy coordination at central and local government in stimulating, promoting and implementing foreign investment and public-private partnerships.
  • 5. Experience has shown that reform of Romania's macroeconomic stability can not be achieved only through effective implementation of a comprehensive package of reforms that create a healthy business environment. In general, to set up a company in Romania, there is no need of any special permission. However, in some industries, require a permit from the competent bodies. General procedure for setting up a company requires meeting certain legal procedures: obtaining court decision, commercial registration.
  • 6. Develop and implement monetary policy, including exchange rate policy is carried out by the central bank - National Bank of Romania (BNR) (www.bnr.ro) independent public institution only authorized to issue currency as legal tender in Romania. The fundamental objective of the central bank is to achieve and maintain price stability.