1. Presentation of the Belgian Romanian Real Estate Chamber

 CIBR signs anexclusive import contract with a Belgian technology provider for infra redheating panels that consume less then 30 % energy in comparison withconventional energy sources.

 The energy companies are still the bankers' favorites, however, the companies in industry and agriculture joined the list this spring with the perception on the credit risk improving compared to late 2010, reads a report made by the National Bank of Romania (BNR), reviewed by Ziarul Financiar daily.

 AGRICULTURAL LAND in Romania at 1000 Euro for 1 hectare

 Source : Applicant Guidelines for State aid in the GD no. 1680/2008 to establish a state aid scheme for ensuring sustainable economic development, as amended and supplemented, May 2011 

The submitted documentation must show that the state aid has a ˝ incentive effect˝ and meets one or more of the following criteria: 

First, to start a business in Romania we need to know where is placed the Romanian taxation system in relation to European and world context.

This, because there is a substantial difference between the new Member States and the "the old states”, from UE (Poland, Slovakia, Czech Republic, Hungary, Estonia etc). In many of the countries that joined the EU in 2004 income tax was reduced lately, Romania passing directly to an income tax cut.

The flat tax.

RE-ESTABLISHMENT OF THE LEGAL PROVISIONS REGARDING MICROENTERPRISES

Starting 2011, the microenterprise tax regime is reinforced. Thus, the entities which meet certain criteria (among which, it should have between 1-9 employees and should record a turnover less than EUR 100,000) may choose to pay a tax of 3% of the revenues instead of 16% corporate income tax. The entities which obtain revenues from banking, insurance and reinsurance, gambling, consultancy and management activities cannot apply this tax regime and will continue to be subject to 16% corporate income tax.

New hosting location and offices in Buzau

January 1st, 20102011

The chamber laucnhed a new hosting complex in Buzau for offices and newly created companies in Romania. As the province of East Flanders, Belgium and the province of Buzau , Romania are twins the chamber has put the first incubation center in Buzau. This initiative has the full support from the Belgian site and the full support from the site of the province of Buzau in order to facilitate the start of new business.

Visit the website for more information.