Trade and Market Information
Romania has been a member of the European Union since 2007, and has signed the Montreal Protocol for the Protection of the Ozone Layer. Pharmaceutical, chemical and health products imported into Romania are subject to licensing and must comply with applicable standards.
Importing products into the European Union requires an Entry Summary Declaration, which makes it possible to further secure trade exchanges. Imports from European Union member states are not taxed, unlike imports from countries outside of the community. For non-member countries, customs duties can reach 30%.
Distribution in Romania is dominated by discount retailers and supermarkets including groups such as Aro, Metro Quality, Carrefour and Cora. Goods are transported by various methods in Romania: by road (almost half of which are paved), by rail, and by water via the Danube which is Europe’s longest river.
Finally, Romanian industry is dominated by electrical equipment, textiles, the automotive industry, metallurgy, construction materials, and oil refining.
Employment Legislation in Romania
The legal working week in Romania is 40 hours, with a maximum of 8 hours per day. Minimum wage is around 200EUR per month, and retirement age is set at 57 years for women and 62 years for men.
The Romanian Labour Code is very strict and employment contracts are similar to those in Western Europe. Almost 40% of employees are union members, and unions are strong in the professional world.
Intellectual Property Regime in Romania
|Type of rights||Legislation||Validity of protection||Agreements signed|
|Patents||64/1991 Patent Law||20 years||– Patent Cooperation Treaty
– Strasbourg Agreement Concerning the International Patent Classification
|Trademarks||84/1998 Law on trademarks||10 years||– Nice Agreement on the International Classification of Goods and Services
– Madrid Agreement Concerning the International Registration of Marks
|Designs||49/1992 Law on design||5 years renewable|
|Copyright||– Berne Convention for the Protection of Literary and Artistic Works
– Rome Convention for the Protection of Performers
– WIPO Performances and Phonograms Treaty
– WIPO Copyright Treaty
– Convention for the Protection of Producers of Phonograms
|Industrial designs||49/1992 Law on design|
Romania Political Data
Executive power is represented by two offices:
- The President, currently Traian Basescu, is elected by universal suffrage for a five year term. The President is the head of the army and acts as a mediator at the State level; and,
- The Prime Minister, Victor-Viorel Ponta, is chosen by the President and heads the Government that enforces laws and manages the country.
Legislative power, which supports the executive, consists of two chambers:
- The Senate (upper Chamber) which consists of 137 elected members; and,
- The Chamber of Deputies which consists of 334 members, who are also elected.
The major Romanian political parties are as follows:
- PSD, social democratic party.
- PNL, national liberal party.
- PD, democratic liberal party, centre-right.
- PC, conservative party, pro-nationalist.
- PRM, greater Romania party, far right.