of the report is to provide an overview of the situation in Romania, where Blaze Cosmetics wants to expand and start a new business venture. The report covers
Policy transfer to Bulgaria and Romania in connection to their accession to the European Union: Judicial reforms and combating organized crime and corruption As one of the most influential transnational organizations, the European Union is very strict towards candidate countries which aim to join it and they are required to meet vast range of criteria. In some cases, even after the approval and accession of a particular country, there are still systems to be reshaped and areas to be reformed which
One: Introduction 1.1 Introductory: The joining of Romania into European Union is a new hot issue to the European economists. European communities become under a big umbrella unitedly to associate one another in their daily life and develop economy jointly. Where Romania was a communist country and change itself a revolutionary change and agreed to cooperate to the European social associations. After 2007, by joining in European Union, Romania become a greatest opportunist state among the East European
Romania is strategically located at the crossroads of the European Union (EU). It is the seventh largest country making up the EU. The country provides both opportunities and challenges to foreign companies and individuals who are interested in investing in its market. Based on the market analysis information, Romania has a lot of opportunities for foreign investors willing to explore its market. However, the investors are likely to encounter a few challenges such as political instability and corruption
production; therefore we chose to open a new factory in Romania. In this report, we will explain the reasons why we made this decision. 1) Tax costs Regarding tax costs, Romania is as a highly taxed country, just like France. Indeed, income and capital gains earned by corporation are taxed at a rate of 16%. More specifically, these data clearly demonstrate that Romania has payments percentage and profit taxes higher than France. Even if Romania is more taxed than France regarding corporate and
To the world outside, the masked country of Romania, although rarely viewed in media, was known as a picturesque country filled with many profitable resources such as its fertile land, petroleum, and mineral deposits, however, behind the Iron Curtain, lay a more secretive nation, deprived of its rights, ignored by its leaders, and suffering under the taxing regime of Communism. Before Communism was administered, Romania had a trivial communist party which was often overlooked in politics. At the
Romania: Romania came across many problems post-communism, which many experts claim is due to their history. Romania experienced the most repressive society during their totalitarian communist regime’s years. As Daniel Brett said, “The culture of mistrust among both individuals and social groups predates communism; it was exploited by communism and continues to be exploited by those who fear the emergence of a genuinely autonomous civil society..” (392). The country faced problems with corruption
Romania being the seventh largest part of the European union has come along way over the years to develop a strong foundation to rebuild its name and their people. Romania is located on the southeastern side of Europe bordering the black sea between Bulgaria and Ukraine. With their outstanding geography, Romania is full of land, mountains, hills and valleys that attract many tourists from all around the world. The word may tend to travel about relaxing waters that act as healing remedies for many
Introduction This report targets the Romanian Government and it examines the positive and negative aspects of the free admission to museums policy which is considered to be implemented in this country. The main focus of this report is on how an increase in the demand for museum tickets will boost the economy of Romania, by allowing people to visit museums for free. Throughout the report, other examples of other countries such as the United Kingdom and Sweden will be used in order to explain how free
for Trung Nguyen company while expanding its business into Romania market: Joint Venture, Direct Ownership and Franchising. Each entry mode will be considered about pros and cons, after that, decision making Matrix will be established in order to compare and make a decision for the best selection of entry mode for Trung Nguyen: Franchising. This solution seems to be a the most appropriate strategy for Trung Nguyen Company while go to Romania since it would contribute the highest product quality standard