ROMANIA

Population: 23 million
Capital: Bucharest
Area: 238,391 km²
Global Position Bordered by Ukraine, Hungary, Serbia and Montenegro, Bulgaria, Moldova and the Black Sea
Official Language: Romanian
Major Religion: Romanian Orthodox Church
Life Expectancy Population: 72.18 years, Male: 68.69 years, Female: 75.89 years
Currency: Leu
Main Exports: Clothing and textiles, industrial machinery, electrical and electronic equipment, metallurgic products, raw materials, cars, military equipment, software, pharmaceuticals, fine chemicals, and agricultural products (fruits, vegetables, and flowers)
GDP Per Capita: $7,697 (IMF)

ECONOMIC INSIGHT
• Romania is the second largest economy in Central Europe after Poland
• Accession to the EU in January 2007
• Since 2001/2, GDP growth has stayed above the 4% mark - well in excess of the EU average
• Forecast GDP for 2006 of 7.7% (Romanian National Institute of Statistics)
• Huge progress made in recent years in bringing down inflation
• Highly qualified workforce with low salaries makes Romania attractive for foreign companies
• Since 2001 unemployment has followed a downward trend
• Colliers International ranks Romania as the second most lucrative property market in the world
• Lowest property prices out of the 27 EU members
• Low cost air lines have recently commenced operations between Romania and other major European Cites
• 10% of Romanians live overseas and repatriate capital
• Estimated that FDI increased by 34.1% during 2006 to 6.8 billion Euro
• Tourism sector makes an estimated contribution to the economy of around US$1 billion


Therefore, IFG can deliver:

• Franchise Agreements
• Outsourced Resources such as Legal, Bookkeeping and Accounting
• Staff, On The Ground, in conformance with all Romanian statutes
• And much more