BILATERAL TRADE FIGURES 2009 The bilateral trade for Jan-Oct 2009 amounted to 1.5 bn EURO UK is number 10 in the list of Romania's import partners in the EU in a top led by Germany, Italy and Hungary. The exports value decreased to 73.5% of the exports during the same period in 2008. UK is 6th in the top of Romania's export partners in the EU, list headed by Germany, Italy and France. The imports value decreased by 17 % over the same period in 2008 UK Exports to Romania: machinery & electrical equipment, textiles, chemicals, pharmaceuticals, road vehicles, telecoms Romanian exports to UK: textiles / clothing, machinery & electrical equipment, power generation equipment, furniture, metal products Source Romanian National Statistics Institute are for the period up to Oct 2009 BUSINESS GATEWAY - TO EUROPE - TO UK
UK exports to Romania - 705 million EURO, which accounts for 2.2 % of total Romanian imports and 3% of Romanian imports from the EU.
UK imports from Romania - 800 million EURO, 3.3% of total Romanian exports and 4.5% of Romanian exports to the EU.
2010 Romanian Government - Key Ministry positions
Prime Minister – Emil Boc
Deputy Prime Minister – Marko Bela
Minister of Foreign Affairs – Teodor Baconschi
Minister of Economy and Commerce – Adriean Videanu
Minister of Public Finances – Sebastian Vladescu
Minister of Agriculture – Mihail Dumitru
Minister of Justice – Catalin Predoiu
Minister of Transport – Radu Berceanu
Minister of Tourism and Regional Development – Elena Udrea
Minister of Education – Daniel Funeriu
Minister of Administration and Interior – Vasile Blaga
Minister of Environment and Forests – Laszlo Borbely
Minister of National Defence – Gabriel Oprea
Minister of Communication and IT – Gabriel Sandu
Minister of Health – Cseke Attila
Minister of Culture – Kelemen Hunor
Minister of Labour – Mihail Seitan
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Answers to common questions
How can I suspend the activity of a Romanian company? The suspension procedure implies filing a procedure with local Trade Register office where the company is incorporated. Read more...
How do I register the suspension with the Romanian Fiscal Authorities? The second step of the suspension procedure is filing the decision emitted by the Trade Register with the Romanian Fiscal Authorities to obtain a derogatory status. In order to this to happen the company’s accounts must be filed to date and the company cannot have outstanding debts. Read more...
How can I register as a Gambling Operator in Romania? Theoretically, organizing and performing gambling activities in Romania constitutes state monopoly; however the state may grant the right to organize and perform gambling activities based on license and authorization for performing such activities (these being two distinct documents). Read more...
Our website contains more information on how to: Incorporate a Romanian Company, Set up a Company Branch, Register a Romanian Micro-Company, Purchase Shares in a Romanian Company, Repatriate profits earned in Romania, Pay taxes for a Romanian Company, Avoid Double Taxation, Liability of Romanian Administrators (Directors), Hiring Romanian Personnel and more.
--------------------------------------------------------------------- Recent Articles Suspending the Activity of a Romanian Company. The suspension procedure implies filing a procedure with local Trade Register office where the company is incorporated. Read more... ----------------------------------------------------------------------
Gambling Activities in Romania. The license for organizing gambling is issued for each gambling activity, is non-transmissible and it is valid for a period of 5 years since the date it was granted. Granting date is defined by law as being the first day of the month next to the one in which the solicitor has paid the amounts which are owed in advance. Read more...
Contact Enescu & Cuc Law Firm: Phone/Fax: +40 21.232.14.99 or +40 21.232 14 88 Mobile: +(4)0744 156 374 Website: www.RomanianLawOffice.com
