profit of 20%. Currently it has 45 employees Blaze Cosmetics follows two business models, which are: 1. Future Beauty Program 2. Colour Forecasting Program The main reason 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 various aspects of the Romanian market like political, legal, economic, financial and socio-cultural factors. It would help the cosmetic company to analyse the current as
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
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
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
dialogue regarding what affects us and the people we love in order to raise awareness and protect the upcoming generation (s). Like every country, the country of Romania has its own set of health issues and concerns. These health issues have an impact on other facets of the country as well, much like a domino effect. Romania is one of several countries that provide “universal health care”. Universal Health Care is described by the World Health Organization as “all people can use the promotive
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 SMEs Abstract Romania, located in southeastern European, was heavily influenced by the Russian Soviet Union as a socialist republic between 1947 and 1989. With becoming a capitalist country in 1989, its accounting practices began its transformation. The purpose of this paper is to analyze Romania accounting practices post its revolution. The paper discusses three major accounting practice conversions made in Romania post communism. Included in this paper are comparisons
as defined by the reader. The history of its criminal justice system is no different. This is more so complicated in that this particular country, Romania, is in a relatively new post-communist era. To increase the understanding of the evolution of law and justice in Eastern Europe, the paper will review the current criminal justice system of Romania, to include legal concepts, how it operates and its institutions. This paper will cover the history, crime trends, and look at the current law enforcement