Outsourcing to Romania can bring you several benefits due to the size and business environment that may be found in Romania.
General Information
- Area: 231,391 km2 (92,043 sq mi.) (9th in EU)
- Population: 21.6 Million (7th in EU)
- GDP: 125 Bn EUR (2009)
- Corporate tax: 16% flat
- VAT level: 24%
- Member of: EU, WTO, IMF, WB, NATO
- Strategic location: at the crossing of 3 pan European transport corridors, holding the Eastern border of the inland European Union and at the turning point where EU meets the Balkans and CIS countries.
- Main cities: Bucuresti, Iasi, Cluj Napoca, Timisoara, Constanta, Craiova, Galati, Brasov
- Main counties by GDP/capita: Bucharest, Cluj, Timis, Brasov, Constanta
- Main industries: electric machinery and equipment, textiles and footwear, light machinery and auto assembly, software, mining, timber, construction materials, metallurgy, chemicals, food processing, petroleum refining
- Ease of doing business rank: 50th in the world
- Credit Ratings:
| Standard & Poor’s: | Moody’s: | Fitch: |
| BBB- (Domestic) BB+ (Foreign) BBB+ (T&C Assessment) Outlook: Stable |
Baa3
Outlook: Stable |
BB+
Outlook: Stable |
- Broadband penetration rate: 13% (2010)
- Main export partners: Germany 16.3%, Italy 15.4%, France7.3%, Turkey 6.5%, Hungary 5%, Bulgaria 4.1% (2008)
OUTSOURCING SPECIFIC INDICATORS
- Romania A.T. Kearney’s Global Services Location Index Rank in 2010: 25th in the world, 7th in Europe:
a) Financial attractiveness (40%) score: 2.54
b) People skills and availability (30%) score: 1.03
c) Business environment (30%) score: 1.65
- Romania outsourcing financial attractiveness: 24th in the world
a) Compensation costs score: 5.23 – including metrics related to average wages (515 USD /month in 2010) and to median compensation costs for relevant outsourcing activities;
b) Infrastructure costs score: 0.49 – including rental costs, commercial electricity rates, international telecom costs, travel to major customer destinations;
c) Tax and regulatory costs score: 0.62 – including relative tax burden, corruption perception, currency appreciation or depreciation;
- Romania outsourcing people skills and availability: 32nd in the world
a) Experience score: 0.75 – including metrics related to the size of IT and BPO sectors, contact center and IT centers quality certifications, quality ratings of management schools and IT ratings
b) Availability score: < 0.20 – including total workforce, university educated workforce, workforce flexibility;
c) Education score: 1.14 – scores of standardized education;
d) Language capabilities score: 1.29 – scores at language tests;
- Romania outsourcing business environment: 23rd in the world
a) Country risk score: 3.34 – including investors and analyst ratings of overall business and political environment, A.T. Kearney Foreign Direct Investment Confidence Index, security risk and unemployment rigidity, the Governemnt support for the ITC sector;
b) Infrastructure score: 1.27 – including overall infrastructure quality, telecom, internet and electricity infrastructure;
c) Cultural exposure score: 0.44 – personal interaction score from A.T. Kearney Globalization index;
d) Security of intellectual property (IP) score: 0.44 - IP protection and ITC laws, software piracy rates and information security certification;