Posts filed under 'Why choose Romania?'

A preface to the Summit

The NATO Summit in Bucharest was preceded by the opening of the International Conference of the German Marshall Fund on the night of April 1, 2008. A major meeting of member and partner states’ experts in international relations and NATO affairs, the event occasioned a brief overview by the President of Romania Traian Basescu of Bucharest’s position on the agenda of the Summit. The Romanian President’s address underscored that the agenda would include, among others, talks on the developments in Afghanistan, on the Alliance enlargement, while at the same time expressing hopes that the North Atlantic Alliance would welcome Albania, Croatia and Macedonia as new members, that the development of the Partnership for Peace in the region (Bosnia, Montenegro and Serbia) would represent a step forward in stabilising the area and that the Black Sea region must be part of an endeavour to promote democracy and reform, by means of granting the MAP status to Ukraine and Georgia. (more…)

April 4th, 2008

Gartner reveals top 30 offshoring destinations

30 offshoring destinationOutsourcing You read it here first – and it turns out Duncan Aitchison was right. A few weeks ago, the partner at outsourcing advisor told The Knowledge that India was still king of the offshoring destinations, but that a bunch of other destinations were biting hard on its heels.

Now analyst Gartner has released research that comes to similar conclusions, suggesting India remains the undisputed leader in offshore services – but that countries such as China, Russia and Brazil are providing increasingly credible alternatives.

Gartner predicts offshore spending will increase by 60 per cent in Europe, and 40 per cent in the US, next year. The analyst’s top 30 locations for offshore services are: (more…)

January 23rd, 2008

ARIS estimates EUR 7 bln in FDI for 2008-2013

ARIS estimatesThe Romanian Foreign Investments Agency (ARIS) has monitored investment projects that amount to around EUR 3 bln with projects worth around EUR 1 bln coming into being up to this moment, Monica Barbuletiu, ARIS Vice-President, has stated during a press conference, according to Rompres.

‘In 2008 we intend to attract investors from outside the EU, from countries such as India, China, Japan, Korea, Turkey and Israel. The estimated value of annual foreign investments in Romania will top approximately EUR 6 bln in the 2008 to 2013 period. The energy sector, the constructions sector, the pharmaceutical sector and the telecommunications will be the privileged domains,’ Sorin Vasilescu, director within ARIS, has stated. (more…)

December 12th, 2007

Only 14 pc of SMEs take out loans from Romanian banks

SME BNR small and medium-sized enterprisesOnly 14 per cent of the small and medium-sized enterprises (SMEs) have taken out a bank loan, according to First Deputy Governor of the Central Bank, Florin Georgescu, quoted by Rompres. BNR statistics suggest that a majority of companies are financed by their parent companies, the value of the money raised in that way representing nearly half of the domestic corporate credit. Almost half of the loans extended by banks to SMEs are treasury loans having the company cash flow (revenue and cash) for collateral, and 31 per cent of financing goes into investing in equipment. The BNR data shows an weight of 9.64 per cent of loans taken out by SMEs to buy immovable goods, while export loans only represent 0.07 per cent of the total. Although the SMEs funding is 63 per cent of total corporate loans, only 14 per cent of the SMEs have taken out bank loans. (more…)

December 5th, 2007

Osterreichische Post might enter Romanian postal service market

postal service growing in romaniaThe Austrian supplier of post services Osterreichische Post AG could make acquisitions in four countries from the Balkans, Romania included, in order to extend their courier and parcel delivery activities on the background of the growth of competition on the market from Austria, Rompres informs.

“We would like to do this in the next 15 months,” the financial director of Osterreichische Post, Rudolf Jettmar said, while stressing that the Austrian firm targets Bosnia, Romania, Bulgaria and Slovenia. In the opinion of Jettmar, these four markets are relatively small but have a solid growth.

Osterreichische Post has reserved EUR 150 M for acquisitions, announced Rudolf Jettmar. In the next three years, the domestic and international express courier market from Romania could exceed half a billion Euro, three times more than the current value. (more…)

November 29th, 2007

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