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North-East of Romania

North-East of Romania . The Eastern Land of Legends . Why investing in the North-East Region?. Variety of natural resources Young, well trained and skilled population Relatively low labour force costs Business infrastructure in place

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North-East of Romania

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  1. North-East of Romania The Eastern Land of Legends

  2. Why investing in the North-East Region? • Variety of natural resources • Young, well trained and skilled population • Relatively low labour force costs • Business infrastructure in place • Favorable institutional and legislative framework for business development

  3. North-East Region, tourism destination • Various tourism opportunities: cultural, ecclesiastic, balneal-therapeutic, scientific, business, agri-tourism; • 342of the region’s companies carry out their activities within the field of hotels, restaurants and tourism • 17.183 beds accommodating 678,000 tourists (10.91% of total Romania)

  4. Location • Location: within North-East side of Romania • Neighbors: a. Ukraine (North) b. Republic of Moldova (East) c. South-East Region Romania (South) d. Regions Center and North-West (West) • Surface: 36,850 sq.km (15.6% of total Romanian’s surface) • Population: 3,732,683 inhabitants (17.30% of total Romanian’s population, of which 56.3% living in rural areas)

  5. Regional economy • Regional Gross Domestic Product (GDP) – Euro 9,199 million, contribution of 11.8% to Romania’s GDP • Contribution to Regional GDP: • - agriculture 12.85% • - industry 22.65 % • - services 52.80% (of which civil constructions 5.3%) • Regional GDP/inhabitant – RON 9,114 /inhabitant or Euro2,463 /inhabitant, representing 68.39% of Romania’s GDP/inhabitant

  6. Regional economy • SMEs Sector: a total of 52,154 units, approx.13.9 units/1,000 inhabitants, as average • Main productive sectors: • - civil constructions • - wood processing • - apparel manufacturing • - tourism

  7. Accessibility • European Corridor E 85 (Corridor 9: Helsinki – Kiev –– Bucharest – Constanta – Alexandroupolis) • International airports : Bacau and Iasi Airports • Internal flights airport: Suceava Airport

  8. 57,83% of the region’s surface is represented by agriculture-dedicated lands 33,46% of region’s surface is covered by forests The North-East Region provides 26,7% of wood production of Romania Agriculture

  9. 706,743 (18,9%)persons aged under 15 years old English language or other foreign languages Taught in schools since age9 Educated and qualified labor force (of the population aged between 25 and 34 years old) Human resources and education 7,86% are graduates of vocational schools, 15,33% are graduates of high-schools and 10,56% are graduates of post-high schools and universities

  10. Human resources and education • Civil occupied population:1,246,200 personsof which: • - in agriculture – 40.74% • - in industry – 18.97% (17.08% in the processing industry) • - in services sector – 37.94% (4.88% in constructions) • Unemployment rate – 6.2% (the minimum of 4.7% in Suceava County and the maximum of 11.3% in Vaslui County) • 3 university centres in Iasi, Bacau and Suceava “hosting” 79,762 students in the school year 2006-2007

  11. Research & Development • STRUCTURE OF RESEARCH & DEVELOPMENT SECTOR • Number of units: 73, of which: • - 16 research and development units, • - 13 university level units, • - 17 agriculture units, • - 27 units in various enterprises • Total expenditure in research & development: RON 107,503 thousand (6.8% of total Romania)

  12. Structure of business environment 263,160jobs in56,094 companies, out of which: • 8.46% foreign capital companies • 16.7% in processing industry • 5.22% in construction sector • 75,98% in services sector

  13. Foreign direct investment

  14. Facilities for investors • County Agencies for Labor Force Employment (Bacau, Botosani,Iasi, Neamt, Suceava,Vaslui) for creation of new jobs • North-East RDA (www.adrnordest.ro) • Ministry of Development, Public Works and Housing, (www.mdlpl.ro) • National Agency for Private Small-Medium Enterprises in Romania (www.animmc.ro) • Banks • Romanian Agency for Foreign Investments (www.arisinvest.ro) (investments over USD 1 million) • County Councils and Local Councils (Identification of lands, buildings, urbanism-related documentation, authorizations for constructions, local fiscal facilities)

  15. Facilities for investors

  16. Business support network North-East Regional Development Agency Branches in: - Bacau - Botosani - Iasi - Suceava - Vaslui www.adrnordest.ro

  17. Business support network

  18. Business support network • 26 banks(the great majority of banks active in Romania) • 329 of bank units at the level of the Region (branches, agencies, offices)

  19. Business support network • National Office of the Register of Commerce County Offices in : Bacau, Botosani, Iasi, Neamt, Suceava, Vaslui • National Council of Private Small-Medium Enterprises in Romania Branches in: Bacau, Botosani, Iasi, Neamt, Suceava and Vaslui counties • Small-Medium Enterprises Employers’ Association in North-East Region

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