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. Romania is strategically located for doing business. It is located in Southeast Europe in the Black Sea region. As a result, it enables businesses to easily access many European markets. Hence, a business in Romania, can access other …show more content…
Constant rivalry between Social Democratic Party and Alliance for Liberal and Democrats party is the cause of the political instability (Baldan, 2015). At the same time, bureaucracy and lack of transparency characterize the political system. Corruption is another political-related issue that makes it hard to operate a business in Romania. Both the private and public-sector experience high-levels of corruption. These factors affect the ease of doing business. Nevertheless, the country has favorable business laws and policies. For instance, it passed an ambitious Tax Law in 2005. This Law requires the state to use a standard corporate income tax rate of 16%; the lowest in the EU. This is a good legal incentive to businesses (Receanu, 2010). The Company Law also allows foreign investors to fully participate in the Romanian companies without any form of restriction. At the same time, foreign investments are not subjected to nationalization and requisitions unless it becomes public interest. Therefore, despite political instability, Romania has business laws that favor foreign investments. According to the latest report released by IMF, Romania is the 41st largest economy in the world. It has an average annual output of $435,454 billion (Receanu, 2010). The company had a total GDP of $186.7 billion as per the end of 2016, making it the 41st country with the largest GDP globally. Besides, the country is expected to have an economic growth of 6% in 2017, which is higher
Honduras is one of those countries people barely know about there are really interesting things about honduras. The life expectancy of people in Honduras is 71. Some of the exports are coffee , bananas, shrimp, lobster etc. (text from national geographic atlas of the world eighth edition). Hondureno catracho (the national nickname) can be amusing; insulting , or friendly depending on the context “catracho” comes from the name Florencio Xatruch , the general who led the Honduran expeditionary force against William Walker in Nicaragua in 1856. The culture is very unique and interesting. The violence is terrifying , especially the security , you can basically get away with anything without getting caught or in any legal problems. The population in Honduras is very big depending on the area talked about and in different parts of the country. When there are special events or occasions usually the Honduran females wear special handmade outfits and dresses made by their mothers. Main sport in Honduras in soccer, play in many ways an also called futbol in spanish. Soccer is played in many different ways , and they also have many
Colombia, republic in South America, situated in the northwestern part of the continent, and bounded on the north by Panama and the Caribbean Sea, on the east by Venezuela and Brazil, on the south by Peru and Ecuador, and on the west by the Pacific Ocean. Colombia is the only country of South America with coasts on both the Caribbean Sea and the Pacific Ocean. The total land area of the country is 1,141,748 sq km (440,831 sq mi). The capital and largest city is Bogotá.
Angola, formerly Portuguese West Africa, is the seventh largest country in Africa. The country can be divided into three major regions: the coastal plain, a transition zone, and the vast inland plateau. Angola has a tropical climate with its vegetation including tropical rain forests, savannas, grasslands, palm trees and even deserts. A great variety of animal life ranging from elephants, rhinoceros, giraffes, and even crocodiles can also be found in this African country (Microsoft 1).
Ecuador is one of the smallest countries of South America. It lies on the West Coast of the continent between Colombia and Peru. The equator crosses Ecuador and gives the country its name. Ecuador is the Spanish word for equator.
The name Brazil comes from Pau Brasil. There are around 145 million people living in Brazil, most of them near the coast. The population is growing rapidly and half of all Brazilians are under the age of 20. By the end of the century, it is estimated that Brazil’s population will have reached 180 million. Brazil borders on ten other Latin American countries.
Costa Rica, a country of Central America, covers an area of 19,730 square miles. The capital is San José. Extending from northwest to southeast, Costa Rica is bounded on the north by Nicaragua, along its 185-mile northeastern coastline by the Caribbean Sea, on the southeast by Panama, and along its 630-mile southwestern coastline by the Pacific Ocean.
There are four Mirabal sisters, Patria, Dede, Minerva, and Maria Teresa. They did something remarkable for all women who lived in the Dominican Republic. The girls started a revolution that they were doing things to stop Trujillo. Patria, Minerva,and Maria Teresa Died in the process. Six months after their deaths Trujillo was assassinated. Everything they did for women started then. Minerva was the sister that saw how Trujillo really was first. She felt like she was trapped, “ sometimes watching the rabbits in their pen, she’d I’m no different from you,poor thing.” She went to a Religious boarding school. Minerva met her first actual friend there. Sinita told Minerva things Trujillo did to her family. She didn’t really start believe El
However, the investment was not without risks. There are four types of risks in international business called cross-culture risk, country risk, currency risk and commercial risk. Cross-cultural risk refers to a situation or event where a cultural miscommunication puts some human value at stake. Country risk describes the potentially adverse effects on company operations and profitability holes by developments in the political, legal, and economic environment in a foreign country. Currency risk is the risk of adverse unexpected fluctuations in exchange rates. Commercial risk refers to potential loss or failure from poorly developed or executed business strategies, tactics, or procedures (Boter & Wincent, 2010). Investment in Rulmenti Grei, Timken might face the salient risks of political and economic instability. Romania’s economic growth was slower, inflation was higher, and the labor force was more volatile. Furthermore, there might be a risk of re-nationalization. It is said that economic risk analysis tells corporate leaders the ability of a particular country to pay its debt while political risk analysis tells them whether that country will pay its debt. Political risk measures the stability of individual countries through the
Sexually transmitted infections (STIs) are a notable public health problem because they are so wide spread, yet it is taboo to speak openly about such conditions. This stigma results in people to not seeking treatment, which in turn leads to the further spread of the multitude of STIs throughout the population [1]. STIs can cause syndromes such as Urethritis, Cervicitis, and Pelvic Inflammatory Disease, all of which are good reasons for preventative measures as they can be detrimental to one’s reproductive and overall health. Several populations are at especially high risk of obtaining an STI [1]. One in particular is adolescents, ages 15 to 24, in the Dominican
By endorsing this policy and disapproving the production of weapons of mass destruction, Australia can initiate the progress to removing these potential threats to secure Australia nationally and the Asia Pacific region as well (Hawkins & Kimber 2016). Thus, Australia’s key national interests include regional and global security to maintain and strengthen the peaceful relationships internationally.
Stretching over 2,500 miles form east to west and 2,700 miles from north to south, Brazil is the world’s largest tropical country. The only nations that are larger are the lands of Russia, Canada, China and the United States. Brazil has more then 150 million people spread unevenly over its huge land area, making it the fifth most populated country in the world. (Encyclopedia.com) More then two thirds of Brazil’s people live in the cities and towns and more then 29 percent of them are in the ten cities with more then a million people. These include the metropolitan area of Sao Paulo with more then 15 million people and Rio de Janeiro with more then 9 million people. The rural population is mostly concentrated on the East Coast or
Finland is the first country that I will talk about. I’m going to cover how Finland is overall with women’s rights then I will break it down by workforce and family life. Finland is in the Northern part of Europe and the population there is estimated to be about 5.5 million people. (Gobal Gender,2016) Finland is in the top 10 and is ranked number two out of 144 countries for overall gender equality in 2016 according to the Global Gender Gap Index. “The Global Gender Index was first introduced by the World Economic Forum in 2006 as a framework for capturing the magnitude of gender-based disparities and tracking their progress over time. The index Benchmarks national gender gaps on economic, education, health and political criteria and provides country rankings that allows for effective comparisons across regions and income groups.”(Global Gender, 2016) Finland is following behind Iceland as it takes the number one spot and is followed by Norway that takes the third spot. It ranks number two on the list because of the country’s overall equality as far as gender goes. It’s still not as high as Iceland is but It comes very close to it. The reason that it is not number one is because they fall short in certain areas but at the same time, it’s not too low in those specific areas. Some of the areas that they are extremely good in are Education, Health and is not far behind in the Political Empowerment areas.” For many years, Finland has been known as a country that promotes
A typical Korean family usually includes extended family members such as grandmothers, grandfathers, aunts, uncles, and cousins.
Sweden is one of the world’s most developed economies and the Nordics largest with $517bn in nominal GDP . Despite the fact that Sweden is the third-largest country in the European Union by area it has only a total population of 10 million inhabitants most of them living in the Southern part of the country . With a GDP per capita of roughly $51,000, Sweden is considered a high-income country .
The European Union is a political community constituted as an international organization whose aim is to promote integration and a common government of the European people and countries. According to the Article 3 of the European Union Treaty, Union’s aim is to promote peace, its values and the well-being of its peoples. It is based on the values of freedom, democracy, equality, law enforcement and respect for human rights and dignity.