Since the dramatic events of 1989, Romania has made significant progress towards a free market and a pluralist society. The introduction of a programme of legal and fiscal measures is creating a sound framework for foreign businesses to develop opportunities in a wide range of sectors. The growth potential of the Romanian market is enormous, yet in order to realise this and overcome inevitable obstacles and meet fresh challenges, careful investigation of the new systems in place and determination to tackle the practical issues is essential. Doing Business in Romania draws together the expertise of Touche Ross and Sinclair Roche & Temperley, with contributions from Charterhouse Bank, Brittain Engineering and the Romanian Development Agency to provide an authoritative overview of the rapidly evolving Romanian scene. They give detailed, hands-on information and advice on the issues which businesses looking to trade or invest in Romania are likely to face. The book is divided into four main A Business Revolution? - an assessment of the current changes in the political and economic arena, business culture, and Romania and its trading partners. The Business Infrastructure - an issue-by-issue breakdown of the legal and commercial framework necessary for the new-style economy including convertibility of the leu, banking and financial services, commercial law, privatisation, the fiscal framework, technology and communications, and the labour market. The Options for British Business - comprehensive and detailed accounts of how to tackle crucial processes such as planning, marketing, agencies and distributorships, export and import, trade finance, licensing and franchises, and forming and financing a company. Case Studies - actual profiles by businesses which have set up in, or done business with, Romania - covering export, distributorships, joint ventures, and direct investment. The book concludes with useful appendices containing details of opportunities by sector, grant aid available and sources of further information. Impressive in its scope, the book offers both a panorama and a minute cross-section of the issues, whether obstacle or opportunity, that every business must address. Written by highly qualified experts, yet in a style which is succinct, jargon-free and accessible to the non-expert, Doing Business in Romania is an invaluable, all-round reference for any businessperson keen to maximise the potential of the emergent market.