Wednesday, May 14, 2014

Why Start a Business in Cluj?

We believe it is time to share some additional information on the procedures necessary for establishing companies in other main Romanian cities such as Cluj. We have had an increase in the number of requests for Cluj as the investments rise in the area. With this in mind we suggest interested investors to read the following material:

Why would opening a company in Cluj be a good idea? An example would be the latest news:
Cluj's Mayor Emil Boc has requested the support of the European Commission in Bucharest to supplement 10 percent of EU funds allocated Cluj-Napoca to complete some projects that over eight million, saying that the decision will belong to the government.

A specialist's opinion: Cluj is among the champions of EU accession, European values ​​because there are many who live day by day and we can see them at work. Entrepreneurship is very strong here, the energies of the region are used constructively and not in another way (...). Cluj look good absorption rate.

Tuesday, May 13, 2014

Investor Confidence on the Rise in Romania and Eastern Europe

Considering that Romanian is the second largest country in Eastern part of the European Union, our law firm believes that the rise in investor confidence in this part of the world is indeed a result of good signs of economic recovery in the country. Deloitte considers that the main business areas of interest to foreign investors in Romania are the financial and IT&C industries. Nevertheless one must take into account that a good number of specialists (Romanian and foreign) are betting on agriculture as the new rising star of Romania's economy. Romania has indeed a very good potential in this sector as well.

Investor confidence in Eastern Europe reached a maximum of the last two years, according to Deloitte CE Private Equity Confidence survey, the share of respondents who expect a return of transactional activity reaching 60 %, double the previous report.

Investor confidence in Eastern Europe continue to rise to the level of 2003-2007 . The recession in the region could thus ends : the proportion of respondents who expect a return of transactional activity has doubled since the last survey Deloitte , thus reaching 60 % , which indicates maximum confidence in the last two years , says a release of Deloitte.

"It is encouraging to see an increase in trading activity in Romania , compared to last year ," said Hein van Dam, a partner Deloitte Romania .

IT & C and financial were the ones that attracted the interest of investors in the period October 2013 - April 2014 in Romania. 

Two-thirds of respondents expect the economic situation to improve, with 43​​% more than in the previous study, this level of trust is no longer achieved in 2004, when eight Central European countries joined the European Union.

Please have in mind that Enescu & Cuc is a law firm oriented towards assisting foreign investors in Romania. Please contact us for any query about investing in Romania.