Romania
Membership in EU:2007
Political system:Republic
Capital city:Bucharest
Total area: 238 000 km²
Currency:Romanian lei (RON)
Economy | Business Protocol | Legislative and Political System | More about the Country | Order a Business Information Report (BIR)
Economy
Statistical Office

Chamber of Commerce and Industry

Entrepreneurship in the Country

Romania has considerable natural resources – oil, natural gas, coal, iron, copper and bauxite. Main industries are metal-working, petrochemicals and mechanical engineering.
Business Directories

Local Communities

Business Protocol
Business Meetings

Appointments are necessary and should be scheduled 2 to 3 weeks in advance, preferably by letter.
It is often difficult to schedule meetings in July and August, which is a common vacation time.
Businesspeople are often unavailable during the two weeks before and after Christmas and the week before and after Easter.
Arrive on time and be prepared to wait.
Punctuality is common in entrepreneurial companies or those that frequently do business in the international arena.
When dealing with state-run companies, you will most likely be kept waiting.
Meetings are generally formal and follow old-world rules of courtesy.
Wait to be told where to sit. There is often a strict protocol to be followed.
Do not remove your suit jacket without permission or until the most senior ranking Romanian does.
Expect to spend time getting to know people, before delving into the business purpose of your visit.
Presentations should be factual and easy to understand.
Include facts and figures to back up your conclusions.
Avoid hyperbole or making exaggerated claims.

Business Negotiation

Business is hierarchical. Decision-making power is held at the top of the company.
Most decisions require several layers of approval. At times it may appear that no one wants to accept responsibility for making the decision.
It may take several visits to accomplish a simple task.
Romanians can be tough negotiators.
Romanians are concerned about being taken advantage of, by foreigners.
Hire your own interpreters for meetings and negotiations.
Base sales on confirmed, irrevocable letters of credit. Use local banks that are correspondents of western banks.
Romanians have a tendency to tell others, what they think they want to hear.
Avoid confrontational behaviour or high-pressure sales tactics.
Decisions are easily reversed.
Use an indirect negotiating style. Being too direct is viewed as poor manners.
Contracts function as statements of intent. It is expected that if circumstances change, the contract will accommodate the revised conditions.
Do not change members of a negotiating team before a decision is reached or the relationship-building process will have to begin anew.

Legislative and Political System
President

Government

Prime Minister

Ministries

Constitutional Court

Legislation

More about the Country
Geographical Characteristics

Romania is situated in southeast Europe. It is mountainous in the north, while the main feature in the south is the vast Danube valley. The river forms a delta as it approaches the Black Sea, which is a wildlife reserve for countless native and migratory birds.
Languages

Romanian; also Hungarian and German.
Short History

Romania’s history dates back to the Stone Age, as the territory was famous for its rich soil and ore.

Romanians were the descendants of the two antic tribes: Getae Dacians and Romans. In ancient times the territory of Romania was known as DACIAN kingdom.

Between the two World Wars the parliamentary Romania was transformed into the fascist dictatorship and entered the World War II by the side of the Germans. On 30th of December 1947 the newly elected Communist Party abolished the monarchy and proclaimed the People’s Republic of Romania. In 1989 the Romanian Revolution crushed the dictatorial communist rule.

Time Zone

GMT/UTC + 2
International Dialing Code

+40
Average Temperatures

July 22 0C, January -3 0C.
Opening Hours of Banks

Monday - Thursday: 8.00am – 4.00pm.

 

Friday: 8.00am – 1.00pm.

Opening Hours of Post-Offices

Monday - Friday: 7.00am – 8.00pm.

 

Saturday: 8.00am – 1.00pm.

Opening Hours of Shops

Legally permitted opening hours:

 

Monday - Friday: 7.00am – 7.00pm.

Saturday: 7.00am – 2.00pm.

Credit Cards

The following credit cards are accepted in Romania: Visa, MasterCard–EuroCard and American-Express. They are accepted in numerous hotels, restaurants and shops. Almost all petrol stations will accept credit cards.
Foreign Currency Exchange

Apart from the banks, foreign currency can be also exchanged in exchange offices, hotel receptions, tourist agencies, petrol stations and larger department stores.
Mobile Telecommunications

The country is almost entirely covered by mobile telephony signal, since the operators have concluded contracts with larger European and world operators. Mobile phones in the country are designed to function within the network of frequency bands 900 MHZ and 1800 MHZ. You can host in the following mobile networks: Cosmote, Orange, Vodafone, Zapp.
Anti Smoking Law

Smoking in Romania is banned from July 1st 2008 in bars and night clubs.
Emergency Telephone Numbers

Police

112

Toll-free European emergency number (EEN)

112

Medical emergency

112

Fire emergency

112

Population of the State

Population of the Capital

Demographics

Religion

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