1 Romania By Romanians at JMU Oana & Daniel 20 Feb 2004.

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1 Romania Romania By By Romanians at JMU Romanians at JMU Oana & Daniel Oana & Daniel 20 Feb 2004 20 Feb 2004

Transcript of 1 Romania By Romanians at JMU Oana & Daniel 20 Feb 2004.

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RomaniaRomania

ByBy Romanians at JMU Romanians at JMU

Oana & DanielOana & Daniel

20 Feb 200420 Feb 2004

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Romania in EuropeRomania in Europe Romania is a country in the Romania is a country in the EasternEastern part of part of EuropeEurope. .

Population 22.4 million Population 22.4 million National Currency : LEU National Currency : LEU To the East, it is bordered by the Black Sea. Its To the East, it is bordered by the Black Sea. Its

neighbors are: neighbors are:     To the South: Bulgaria      To the South: Bulgaria      To the West: Serbia and Hungary    To the West: Serbia and Hungary     To the North: Ukraine     To the North: Ukraine     To the East: Moldova     To the East: Moldova

Romania spans a total surface of 237,500 square Romania spans a total surface of 237,500 square kms. (roughly 91,800 sq.miles). Picture it to be about kms. (roughly 91,800 sq.miles). Picture it to be about the size of Oregon. the size of Oregon.

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Romania in EuropeRomania in Europe

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Some geographySome geography Our country is blessed with all the Our country is blessed with all the

major forms of landscape: major forms of landscape:

The Carpathian MountainsThe Carpathian Mountains (maximum height 2535 m, 8300 ft) (maximum height 2535 m, 8300 ft) cross the country from the north cross the country from the north to the south-westto the south-west. . To the west of the Carpathians lies To the west of the Carpathians lies a large plateau. a large plateau. To the East and South there are To the East and South there are extended low plains fit for extended low plains fit for agriculture. agriculture.

The The DanubeDanube flows along the flows along the southern border with Bulgaria southern border with Bulgaria and into the Black sea forming a and into the Black sea forming a magnificent delta.magnificent delta.

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Romanian Ancient HistoryRomanian Ancient History

In the In the 7th and 6th Centuries B.C7th and 6th Centuries B.C., ., the the GreeksGreeks founded a number of colonies on the founded a number of colonies on the Black Sea shoreBlack Sea shore: Histria, Tomis and Callatis : Histria, Tomis and Callatis (now the modern Constanta and (now the modern Constanta and Mangalia).Herodot was the first to mention the Mangalia).Herodot was the first to mention the native inhabitants of the land: native inhabitants of the land: the Daciansthe Dacians..

Five centuries, the Five centuries, the DaciansDacians were united for were united for the first time under the authority of a wise the first time under the authority of a wise ruler called Burebista. He founded a capital ruler called Burebista. He founded a capital city in the heights of the Carpathian city in the heights of the Carpathian Mountains. The new city - Mountains. The new city - SarmizegetusaSarmizegetusa - - was well -organized and defended by powerful was well -organized and defended by powerful fortresses.fortresses.

Meanwhile, the legendary richness of the Meanwhile, the legendary richness of the country made it a temptation for the country made it a temptation for the Roman Roman Empire. Empire. During the two centuries of Roman During the two centuries of Roman Occupation, new roads and cities were built in Occupation, new roads and cities were built in Dacia. The Dacia. The official language was Latinofficial language was Latin, , from which the present Romanian language from which the present Romanian language was born. The Romans retreated from Dacia in was born. The Romans retreated from Dacia in 271 A.D. 271 A.D.

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Romanian Medieval Romanian Medieval HistoryHistory

TRANSILVANYATRANSILVANYA Region ruled by leaders obeying Region ruled by leaders obeying

the authority of the Hungarian the authority of the Hungarian King. King. German colonization of German colonization of Transylvania began in 1141 A.DTransylvania began in 1141 A.D

Germans build great cities such Germans build great cities such as Sighisoara, Sibiu, Brasov, as Sighisoara, Sibiu, Brasov, developed strong guilds and developed strong guilds and boosted trade. boosted trade.

WALLACHIAWALLACHIA Wallachia's history is entirely Wallachia's history is entirely

centered on its resisting the centered on its resisting the Turkish occupation. Wallachia Turkish occupation. Wallachia was never fully conquered, was never fully conquered, despite the enormous military despite the enormous military power of the Turks. power of the Turks.

MMOLDOVA OLDOVA The Eastern kingdom, Moldavia The Eastern kingdom, Moldavia

had to fight not only against the had to fight not only against the Turks, but also the cruel Tatars Turks, but also the cruel Tatars Polish and HungariansPolish and Hungarians

WallachiaWallachia

Moldov

Moldov

aa

Transilvany

Transilvany

aa

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Modern HistoryModern History The revolution of 1848 proclaimed the idea of one The revolution of 1848 proclaimed the idea of one

single nation.single nation. In 1862 The United Principalities of Moldavia and In 1862 The United Principalities of Moldavia and

Wallachia became Wallachia became RomaniaRomania and and BucharestBucharest was was proclaimed capital.proclaimed capital.

In In 1918 1918 the national Assemblies Transylvania the national Assemblies Transylvania ((December 1stDecember 1st), decided to unite with Romania.), decided to unite with Romania.

In 1922 King Ferdinand was crowned monarch of In 1922 King Ferdinand was crowned monarch of the New Greater Romaniathe New Greater Romania

Romania joined Germany in attacking the Soviet Romania joined Germany in attacking the Soviet Union in 1941.Union in 1941.

In August 1944 king Michael put Romania on the In August 1944 king Michael put Romania on the Allied side.Allied side.

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From Communism to From Communism to DemocracyDemocracy

The Soviet Army kept the country under control The Soviet Army kept the country under control and a communist regime quickly came into and a communist regime quickly came into power. By 1947 the king was forced to abdicate. power. By 1947 the king was forced to abdicate.

In 1948 Romania was proclaimed People’s In 1948 Romania was proclaimed People’s RepublicRepublic

People's revolt of December 1989 closes the People's revolt of December 1989 closes the historical gap Romania lived in for 45 years and historical gap Romania lived in for 45 years and opens a new page in Romania's contemporary opens a new page in Romania's contemporary historyhistory

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Economy - Overview:Economy - Overview: Currency Romanian LEUCurrency Romanian LEU

Romania began the transition from Communism in 1989 with a largely Romania began the transition from Communism in 1989 with a largely obsolete obsolete industrial baseindustrial base and a pattern of output unsuited to the country's and a pattern of output unsuited to the country's needs.needs.

The country emerged in 2000 from a punishing three-year recession The country emerged in 2000 from a punishing three-year recession thanks to strong demand in EU export markets. Despite the global thanks to strong demand in EU export markets. Despite the global slowdown in 2001-02, strong domestic activity in construction, agriculture, slowdown in 2001-02, strong domestic activity in construction, agriculture, and consumption have kept growth above 4%. and consumption have kept growth above 4%.

An IMF Standby Agreement, signed in 2001, has been accompanied by An IMF Standby Agreement, signed in 2001, has been accompanied by slow but palpable gains in privatization, deficit reduction, and the curbing slow but palpable gains in privatization, deficit reduction, and the curbing of inflation. of inflation.

GDP:GDP: purchasing power parity - $166 billion purchasing power parity - $166 billion GDP - real growth rate:GDP - real growth rate: 4.5% 4.5% GDP - per capita:GDP - per capita: purchasing power parity - $7,400 purchasing power parity - $7,400 GDP - composition by sector:GDP - composition by sector:

agriculture:agriculture: 15% 15% industry:industry: 35% 35% services:services: 50% 50%

2002 data2002 data

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Economy - overview:Economy - overview: Industries:Industries:

textiles and footwear, light textiles and footwear, light machinery and auto assembly, machinery and auto assembly, mining, timber, construction mining, timber, construction materials, metallurgy, materials, metallurgy, chemicals, food processing, chemicals, food processing, petroleum refining petroleum refining

Industrial production growth Industrial production growth rate:rate: 6% 6%

Agriculture - products:Agriculture - products: wheat, corn, barley, sugar beets, wheat, corn, barley, sugar beets, sunflower seed, potatoes, sunflower seed, potatoes, grapes; eggs, sheep grapes; eggs, sheep

Exports:Exports: $13.7 billion f.o.b. $13.7 billion f.o.b. Exports - commodities:Exports - commodities:

textiles and footwear, metals and textiles and footwear, metals and metal products, machinery and metal products, machinery and equipment, minerals and fuels equipment, minerals and fuels

Exports - partners:Exports - partners:

63.8% to EU Member States63.8% to EU Member States

Italy 24.9%, Germany 15.6%, Italy 24.9%, Germany 15.6%, France 8.1%, France 8.1%,

Imports:Imports: $16.7 billion f.o.b. $16.7 billion f.o.b. Imports - commodities:Imports - commodities:

machinery and equipment 23%, machinery and equipment 23%, fuels and minerals 12%, chemicals fuels and minerals 12%, chemicals 9%, and textile 19%9%, and textile 19%

Imports - partners:Imports - partners: Italy 19.9%, Germany 15.2%, Italy 19.9%, Germany 15.2%, Russia 7.6%, France Russia 7.6%, France

Debt - external:Debt - external: $13.7 billion $13.7 billion

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InflationInflation

The projected inflation rate for 2003 The projected inflation rate for 2003 was 15%, and it was achieved.was 15%, and it was achieved.

National Bank of Romania tries to National Bank of Romania tries to keep the exchange rates and keep the exchange rates and inflation within acceptable limits.inflation within acceptable limits.

When there is a high demand on the When there is a high demand on the market for a hard currency, NBR market for a hard currency, NBR intervenes by selling that currency intervenes by selling that currency from the state monetary reservesfrom the state monetary reserves

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Industries in RomaniaIndustries in Romania

AutomotiveAutomotive Electrical Equipment and AppliancesElectrical Equipment and Appliances ElectronicsElectronics Machinery and Industrial Equipment Machinery and Industrial Equipment

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DACIA PITESTIDACIA PITESTI

Pitesti Motor-Car plant was build in a record Pitesti Motor-Car plant was build in a record time of just a year and a half. As of July 1, time of just a year and a half. As of July 1, 1968 the production of Dacia begun under 1968 the production of Dacia begun under Renault license.Renault license.

The first model was a copy of Renault 8. The first model was a copy of Renault 8.

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The new DACIA SUPER NOVA has a Renault The new DACIA SUPER NOVA has a Renault engine and gearbox.engine and gearbox.

BUCHAREST, July 2 (1999) - Romania takes another step to embellishing a patchy BUCHAREST, July 2 (1999) - Romania takes another step to embellishing a patchy privatization record when France's Renault returns acquire a stake in carmaker Dacia. privatization record when France's Renault returns acquire a stake in carmaker Dacia.

Renault begun a multi-million investment in its Romanian brand, Dacia.Renault begun a multi-million investment in its Romanian brand, Dacia. NovaNova is the is the first carfirst car designed in Pitesti by Romanian experts. designed in Pitesti by Romanian experts. Renault is planning to invest 565 million euros by the end of 2005 in order to produce Renault is planning to invest 565 million euros by the end of 2005 in order to produce

500,000 vehicles a year for export.500,000 vehicles a year for export.

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DAEWOO ROMANIADAEWOO ROMANIA

IIn November 1994, n November 1994, DaewooDaewoo established the production established the production facilities in Romania. The factory that produced the “OLCIT” facilities in Romania. The factory that produced the “OLCIT” model was bought and upgraded to the western technical model was bought and upgraded to the western technical level. Daewoo became the most important foreign investor of level. Daewoo became the most important foreign investor of the country. the country.

DAEWOO AUTOMOBILE ROMANIA S.A. witch now has a yearly DAEWOO AUTOMOBILE ROMANIA S.A. witch now has a yearly production capacity of 100,000 units, produces both for the production capacity of 100,000 units, produces both for the Romanian market and for the export to nearby countries. Romanian market and for the export to nearby countries.

                                                                                            

                                                                                            

                                                                                            

technical level equal with the western technical level equal with the western technical level equal with the western

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ARO – OFF ROADARO – OFF ROAD

Different versions of ARO powered by:Different versions of ARO powered by:- Andoria (Turbo Diesel )Andoria (Turbo Diesel )- Toyota (Turbo Diesel )Toyota (Turbo Diesel )- Renault Megane Renault Megane (Turbo Diesel )(Turbo Diesel ) - Toyota ( Gasoline )Toyota ( Gasoline )

Price range: 8,000 – 14,000Price range: 8,000 – 14,000 USD USD

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Roman Brasov – Truck Roman Brasov – Truck DivisionDivision

These vehicles are all wheel drive (6x6 formula) and These vehicles are all wheel drive (6x6 formula) and are created for transport in areas difficult to access.are created for transport in areas difficult to access.

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ROCARROCAR

The export activity started in 1968, with great success. The export activity started in 1968, with great success. Today, ROCAR has modern equipment and assembly lines, with Today, ROCAR has modern equipment and assembly lines, with

business partners in countries like: Russia, Hungary, Bulgaria, business partners in countries like: Russia, Hungary, Bulgaria, Columbia, Ecuador, Uruguay, Cuba, Chile.Columbia, Ecuador, Uruguay, Cuba, Chile.

This bus is currently used in the surface transportation in the This bus is currently used in the surface transportation in the main cities of Romania including the capital, Bucharest.main cities of Romania including the capital, Bucharest.

  

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Romania's leading manufacturer of refrigeration Romania's leading manufacturer of refrigeration

appliancesappliances ARCTIC 2000 ARCTIC 2000 Fridge-freezerFridge-freezer

General features:General features: Appliance made of refrigerator and Appliance made of refrigerator and

freezerfreezer Automatic defrosting of the cooling Automatic defrosting of the cooling

compartmentcompartment Area for ice cubes tray of the freezerArea for ice cubes tray of the freezer Rounded (Soft) design, inside and Rounded (Soft) design, inside and

outsideoutside Different colors availableDifferent colors available

Manufactured according to the Manufactured according to the European standards in force European standards in force (performance, electric safety) and (performance, electric safety) and observing the provisions of the CE observing the provisions of the CE Regulations concerning the energy Regulations concerning the energy efficiency and the electromagnetic efficiency and the electromagnetic compatibility.compatibility.

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TURBOMECANICA builds Rolls-Royce TURBOMECANICA builds Rolls-Royce Viper Mk 632-41M turbojetViper Mk 632-41M turbojet..   

The Soko J-22 Orao/Avioane IAR-93 is a joint The Soko J-22 Orao/Avioane IAR-93 is a joint Yugoslav/Romanian design for a single seat close Yugoslav/Romanian design for a single seat close support , ground attack and tactical reconnaissance support , ground attack and tactical reconnaissance aircraft. It has a secondary role as an interceptor. aircraft. It has a secondary role as an interceptor.

The power plant for these aircraft is based on the Rolls The power plant for these aircraft is based on the Rolls Royce Viper 632 non-afterburning turbojet ofr Viper Royce Viper 632 non-afterburning turbojet ofr Viper with afterburner. 3 with afterburner. 3

                                                                                                                       

                                     

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EU Enlargement EU Enlargement After successfully growing from 6 to 15 members, the After successfully growing from 6 to 15 members, the

European Union is now preparing for its biggest enlargement European Union is now preparing for its biggest enlargement ever in terms of scope and diversity. ever in terms of scope and diversity.

13 countries have applied to become new members: 13 countries have applied to become new members:

10 of these countries - Cyprus, the Czech Republic, Estonia, 10 of these countries - Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, the Slovak Republic, Hungary, Latvia, Lithuania, Malta, Poland, the Slovak Republic, and Slovenia are set to join on 1st May 2004. They are currently and Slovenia are set to join on 1st May 2004. They are currently known by the term "acceding countries". known by the term "acceding countries".

BulgariaBulgaria and and RomaniaRomania hope to do so by 2007, while hope to do so by 2007, while TurkeyTurkey is is not currently negotiating its membership.not currently negotiating its membership.

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EU MapEU Map

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The Monetary UnionThe Monetary Union

12 Member States of the European 12 Member States of the European Union are participating in the common Union are participating in the common currency. They are:Belgium, Germany, currency. They are:Belgium, Germany, Greece, Spain, France, Ireland, Italy, Greece, Spain, France, Ireland, Italy, Luxembourg, The Netherlands, Austria, Luxembourg, The Netherlands, Austria, Portugal, Finland. Portugal, Finland. 

DenmarkDenmark, , SwedenSweden and the and the United United KingdomKingdom are members of the European are members of the European Union but are not currently participating Union but are not currently participating in the single currency. in the single currency.

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EU EU 'Copenhagen Criteria''Copenhagen Criteria' In order to join the European Union, the acceding countries In order to join the European Union, the acceding countries

need to fulfill the economic and political conditions known need to fulfill the economic and political conditions known as the 'Copenhagen criteria', according to which a as the 'Copenhagen criteria', according to which a prospective member must: prospective member must:

1.1. be a stable democracy, respecting human rights, the rule of be a stable democracy, respecting human rights, the rule of law, and the protection of minorities; law, and the protection of minorities;

2.2. have a functioning market economy; have a functioning market economy;

3.3. adopt the common rules, standards and policies that make adopt the common rules, standards and policies that make up the body of EU law. up the body of EU law.

The EU assists these countries in taking on EU laws, and The EU assists these countries in taking on EU laws, and provides a range of financial assistance to improve their provides a range of financial assistance to improve their infrastructure and economy.infrastructure and economy.

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EU-ROMANIA EU-ROMANIA RELATIONSRELATIONS

Romania is the Romania is the first countryfirst country of Central and Eastern Europe of Central and Eastern Europe to have to have official relations with the European Community: An agreement official relations with the European Community: An agreement including Romania in the community’s Generalized System of including Romania in the community’s Generalized System of Preferences in 1974 and an Agreement on Industrial Products in 1980 Preferences in 1974 and an Agreement on Industrial Products in 1980 are signed. are signed.

Romania’s diplomatic relations with the European Union date from Romania’s diplomatic relations with the European Union date from 1990. 1990.

Following Romania’s return to democracy, a Trade and Co-operation Following Romania’s return to democracy, a Trade and Co-operation Agreement is signed 1991. The Europe Agreement enters into force on Agreement is signed 1991. The Europe Agreement enters into force on February 1, 1995, trade provisions having entered into force in 1993 February 1, 1995, trade provisions having entered into force in 1993 through an "Interim Agreement". through an "Interim Agreement".

Romania submits its application for EU membership on June 22, 1995. Romania submits its application for EU membership on June 22, 1995.

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EU-ROMANIA EU-ROMANIA RELATIONSRELATIONS

In July 1997, the Commission publishes an In July 1997, the Commission publishes an "Opinion on "Opinion on Romania’s Application for Membership of the European Union"Romania’s Application for Membership of the European Union".. In the following year, a Regular Report on Romania’s Progress In the following year, a Regular Report on Romania’s Progress Towards Accession" is produced.Towards Accession" is produced.

In its second "Regular ReportIn its second "Regular Report"" on Romania published in on Romania published in October October 19991999, the , the Commission recommends starting the Commission recommends starting the accession negotiations with Romania conditionalaccession negotiations with Romania conditional, among others, , among others, on the improvement of the situation of children in institutional on the improvement of the situation of children in institutional care and the drafting of a medium-term economic strategy. care and the drafting of a medium-term economic strategy.

Following the European Council’s decision in December 1999’s Following the European Council’s decision in December 1999’s Helsinki summit, Helsinki summit, EU accession negotiations are started with EU accession negotiations are started with Romania on February 15, 2000Romania on February 15, 2000

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EU-ROMANIA EU-ROMANIA RELATIONSRELATIONS

At the end of 2001, accession negotiations on nine At the end of 2001, accession negotiations on nine ((Company law Company law , , FisheriesFisheries, , StatisticsStatistics, , SMEsSMEs,,Science Science and researchand research,,Education and trainingEducation and training, , Consumers and Consumers and health protectionhealth protection, , External relations External relations and and CFSP CFSP )) of the of the 31 acquis chapters are already provisionally closed; 31 acquis chapters are already provisionally closed; negotiations on eightnegotiations on eight of them are being processed of them are being processed

Thus, presently Romania has 30 chapters Thus, presently Romania has 30 chapters opened out of which 19 were provisionally opened out of which 19 were provisionally closed.closed.

Romania’s aim is to gain EU membership in Romania’s aim is to gain EU membership in 2007. 2007.

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Anticipated Gains for Anticipated Gains for Romania When Entering Romania When Entering EUEU

Pre-accession fundsPre-accession funds Foreign investmentForeign investment Free circulation of goods, labor, Free circulation of goods, labor,

capital capital Economic stabilityEconomic stability Political securityPolitical security

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Pre-accession AidPre-accession AidFrom 2000 onwards, the EU’s pre-accession aid to Romania is provided by From 2000 onwards, the EU’s pre-accession aid to Romania is provided by

three main instruments:three main instruments:

the the Phare ProgrammePhare Programme, providing funding for , providing funding for institution-buildinginstitution-building and and investment in investment in support of EU accession preparationssupport of EU accession preparations; ;

ISPAISPA (the pre-accession instrument providing investments in (the pre-accession instrument providing investments in transport transport and environmental infrastructureand environmental infrastructure) - ) - €208-270 million for the period €208-270 million for the period 2000-20062000-2006; and ; and

SAPARDSAPARD (the financial instrument supporting (the financial instrument supporting agriculture and rural agriculture and rural developmentdevelopment) - ) - €153 million for the period 2000 – 2006€153 million for the period 2000 – 2006. .

The total volume of pre-accession assistance available to Romania is The total volume of pre-accession assistance available to Romania is substantial (at least substantial (at least €630 million per year€630 million per year in total from the three in total from the three instruments). This represents a very important financial resource for instruments). This represents a very important financial resource for Romania, equal to around 6% of the annual consolidated Romanian Romania, equal to around 6% of the annual consolidated Romanian national budget revenues, and national budget revenues, and up to 25% of investment expenditure up to 25% of investment expenditure under the national budget.under the national budget.

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Countries Classification on Foreign I nvestment Capital Registered at September 30, 2002

TOTAL amount of subscribed capital in foreign currency equivalent

number of companies with foreign capital RANK COUNTRY

Thousand USD % Number %

TOTAL, of which: 8614498.5 100.00 87933 100.00

1 Netherlands 1581326.3 18.36 1522 1.73

2 Germany 834565.6 9.69 10046 11.42

3 USA 699532.3 8.12 3433 3.90

4 France 648453.1 7.53 2743 3.12

5 Austria 566203.9 6.57 2451 2.79

6 Italy 529406.0 6.15 12040 13.69

7 Netherlands Antilles 473236.0 5.49 7 ***

8 Cyprus 422426.4 4.90 990 1.13

9 UK 273479.8 3.17 1441 1.64

10 Turkey 270599.7 3.14 8052 9.16

11 Greece 259738.4 3.02 2285 2.60

12 Republic of Korea 242538.0 2.82 75 0.09

13 Hungary 212159.2 2.46 3868 4.40

14 Switzerland 204112.9 2.37 1122 1.28

15 Luxembourg 157189.1 1.82 191 0.22

16 Spain 142169.0 1.65 486 0.55

17 Portugal 113656.0 1.32 73 0.08

18 Sweden 104547.6 1.21 726 0.83

19 British Virgin Islands 87069.3 1.01 159 0.18

20 No citizenship 73785.8 0.86 21 0.02

21 Canada 67682.9 0.79 809 0.92

22 Syrian Arab Republic 54147.7 0.63 5138 5.84

23 Belgium 51778.6 0.60 1040 1.18

24 China 51708.4 0.60 7969 9.06

25 Liechtenstein 44540.0 0.52 144 0.16

*** Less than 0.01 Source: The National Trade Register Office

EU 66..03% US 8.12%

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Free Circulation of Goods, Free Circulation of Goods, Labor, CapitalLabor, Capital

Free circulation of goods:Free circulation of goods: Romanian producers will have access on Romanian producers will have access on

standardized EU markets at competitive standardized EU markets at competitive prices – no customs, cheaper laborprices – no customs, cheaper labor

Free circulation of labor:Free circulation of labor: Romanian labor force outflow can Romanian labor force outflow can

produce income inflow back homeproduce income inflow back home

Free circulation of capital:Free circulation of capital: Increased business opportunities for Increased business opportunities for

private partiesprivate parties

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Economic StabilityEconomic Stability

Romania will have to meet the Romania will have to meet the Maastricht Criteria which will lead to Maastricht Criteria which will lead to stability through:stability through:

interest rates & price stability (limits inflation),interest rates & price stability (limits inflation), public budget deficit (3% of GDP),public budget deficit (3% of GDP), national debt (60% of GDP),national debt (60% of GDP), exchange rates (fluctuation limits guided EMS)exchange rates (fluctuation limits guided EMS)

Romania will enjoy the same statute as Romania will enjoy the same statute as the older European democraciesthe older European democracies

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Political SecurityPolitical Security

Romania will be officially a part of Romania will be officially a part of “The Great European Family”, a “The Great European Family”, a statute that will ensure national statute that will ensure national border security.border security.

The current EU political system is The current EU political system is proven to work (even if it is in a proven to work (even if it is in a continuous process of adjustment). continuous process of adjustment).

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Drawbacks - Drawbacks - Not too many for RomaniaNot too many for Romania

Forced economic specializationForced economic specialization Agriculture specialization in specific products/areas Agriculture specialization in specific products/areas

(eg. Poland)(eg. Poland)

Loss of national entityLoss of national entity Some argue that the EU represents a dilution of the Some argue that the EU represents a dilution of the

individual country's national characteristics.individual country's national characteristics. Replacement of national currency with EURO.Replacement of national currency with EURO.

Romanian economy will have to comply Romanian economy will have to comply with new higher quality standards of with new higher quality standards of production, meaning high re-production, meaning high re-industrialization cost.industrialization cost.

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What If ?!What If ?!

Joining EU – An irreversible processJoining EU – An irreversible process

The approximation of national legislation with the The approximation of national legislation with the acquis communautaireacquis communautaire is also a prerequisite for the is also a prerequisite for the advance in accession negotiations.advance in accession negotiations.

The approximation is an The approximation is an irreversible process irreversible process and and practically means that Romania gives up its legislation to practically means that Romania gives up its legislation to adopt another one and the institutions that come with it.adopt another one and the institutions that come with it.

The adoption of EU’s standards in industry, agriculture The adoption of EU’s standards in industry, agriculture even statisticseven statistics

No other choiceNo other choice

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How the Average How the Average Romanian Will Be Romanian Will Be Affected? Affected?

Higher standard of living Higher standard of living Romania will have to comply to higher EU Romania will have to comply to higher EU

norms, regulating healthcare, education, norms, regulating healthcare, education, etcetc

More opportunities abroad:More opportunities abroad: Employment Employment Travel – tourists inflow and outflow will Travel – tourists inflow and outflow will

increaseincrease Access to larger range of products Access to larger range of products

on the Romanian market for the on the Romanian market for the average consumer average consumer

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Questions ?Questions ?

Thank You. Thank You.

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