 2015 – the fifth year in a row with positive economic Growth  After a GDP dynamics of 2.8% in 2014, current forecasts for 2015 cluster around 3.5%,

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Presentation transcript:

 2015 – the fifth year in a row with positive economic Growth  After a GDP dynamics of 2.8% in 2014, current forecasts for 2015 cluster around 3.5%, again well above EU average Growth  The growth outlook is favorable, - INDUSTRIAL PRODUCTION - increased by 6,1% in EXPORTS - increased by 5,8% in IMPORTS - increased by 5,9% in 2014  Inflation rate declined in recent years, reaching record lows in 2015  The average annual inflation rate (0.2% in September) is compliant with the specific Maastricht criterion  The current account deficit is expected to remain below 1.0% of GDP in 2015, well under the MIP scoreboard benchmark (4%)  International reserves remain at a comfortable despite the almost full repayment of the IMF loan

Mill EUR

FDI 2014*: EUR 2,426 mill. Stock: EUR 62,4 bn. (1990 – 31st of Dec 2014) FDI Stock by Field of ActivitySome FDI Success Stories

Source: ONRC MASPEX TYMBARK ASSECO BARLINEK CAN PACK CERSANIT CIECH GETIN HOLDING PORTA KMI ORLEN SELENA KONIMPEX FORTE MEBLE POLIMEX Mostostal PROFI ROM FODOD KONSALNET KRONLUX F.M. FAKRO PRUSZYŃSKI Viking TENZO VOX Profile KLER Examples:

Country Global competitiveness index 2014 – 2015 Transparency of government policymaking Strength of investor protection Government budget balance Government Debt Extent of market dominance Number of procedure s required to start a business Ease of access to loans Prevalence of foreign ownership Rank/value (1-7) Rank/value (1-7) Rank/value (1-10) Rank/%GDP 2013*) Rank/% GDP 2013 **) Rank/value (1-7) Rank/no. Rank/value (1-7) Rank/value (1-7) Romania59 / / / / / / / 559 / / 4.3 Albania97 / / / / / / / 5128 / / 3.2 Bulgaria54 / / / / / / / 453 / / 4.0 Croatia77 / / / / / / / 6106 / / 4.3 Czech Republic37 / / / / / / / 936 / 3.37 / 6.0 Cyprus58 / / / / / / / 6109 / / 4.4 Greece81 / / / / / / / 5136 / / 4.5 Hungary60 / / / / / / / 4126 / / 5.5 Macedonia FYR63 / / / / / / 3.73 / 255 / / 3.9 Moldova82 / / / / / / / 6104 / / 3.7 Poland43 / / / / / / / 489 / / 4.9 Serbia94 / / / / / / 6121 / / 4.0 Slovak Republic75 / / / / / / / 739 / 3.36 / 6.0 Slovenia70 / / / / / / 3.73 / 2140 / / 3.2 Source: The World Economic Forum, The Global Competitiveness Report The Global Competitiveness Index 2014 – 2015 rankings (measuring the competitiveness of 144 countries) *) General government budget balance as a percentage of GDP | 2013) **) Gross general government debt as a percentage of GDP | 2013 or most recent year available

Source: NIS, FRD Center  The share of IT&C in total GDP has exceeded that of agricultural sector since 2014 and is currently close to the share of construction  The sector accounts now for more than 22% of the surplus of trade in services (from around 3% in 2005)  Development of the sector is supported by a lower labor tax wedge Employees of IT&C companies are exempt from paying income taxes on wages, provided that the firm has a turnover of over USD 10,000 per employee

Source: National Institute of Statistics  Romania is ranked 2nd in Europe and 9th globally as preferred destination for business services. The business services sector is a growing industry in Romania.  The Romanian market of outsourcing and support services is estimated at over 1.5 billionEUR.  The majority of BPO players in Romania provide services such as: Finance & Accounting, Procurement, HR, Customer Support, Order Administration, IT, Logistics, Call Center, Research & Analytics, Legal and other services.  Opportunities: SERVICES, EXPERTISE, EMPLOYMENT, TECHNOLOGY, TRAINING, SOFTWARE.

Source: Ernst&Young OPPORTUNITIES Planned investments ready to be used for the underdeveloped infrastructure in the country External demand is gaining more traction while Romanian domestic demand has continued to recover Growing automotive and IT sectors Romania has the largest proven oil reserves in the Balkans, at almost 600 million barrels, as well as natural gas reserves

Operational Program (OP)Financial programming for (EUR bill.) Large Infrastructure OP9.41 Regional OP6.70 Human Capital OP4.22 Competitiveness OP1.33 Administrative Capacity OP0.55 Technical Assistance OP0.21 Agriculture subsidies10.00 Rural Development OP8.00 Fishing OP0.17