The best year for foreign investments in Romania was 2008, when they reached 9.5 billion EUR. Although, Romania had registered record economic growth both in 2016 and in 2017 (4.8% and 7%), the level of foreign investments remains a low one. For 2018, the National Bank (NBR) has announced an advance of 19% for the first sevens months of the year and, if the growing pace remains the same, Romania will exceed the four billion EUR threshold, but even so, the level will be at 50% as it was 10 years ago.
The main problem of Romania in attracting foreign investments remains the unstable and complicated fiscal and legal framework. The 360 Consultancy concept has emerged from the working experience together with investors, which need a large spectrum of advisors when they plan a new investment. With this new service, CEG becomes the coordinator of a business association in the area of professional services, together with technical experts in different industries (energy, private banking, IT or real estate), offering integrated consultancy. This goes beyond just recommending a team of professional consultants, the company becoming the integrator which coordinates all the experts – fiscal, legal or technical- needed in planning and implementing a new investment.
According to the estimations of CEG, for a 100 million EUR investment, approximately 5 million EUR goes to consultancy fees, without counting the costs with the personnel that supervises all the army of consultants. The Consultancy 360 concept reduces those costs up to 20%, the company becoming a single point of contact in relation with all the advisors and technical experts involved.
The new concept also applies for local entrepreneurs. In a fully developing economy, businessmen look for new opportunities. The Consultancy 360 concept eases the investment process and reduces the costs of entrepreneurs. It is encouraging to see that new generations are not afraid of entrepreneurship.
The National Statistics Institute’s data on July 31, 2018 shows a five-fold increase in the age segment of up to 29 years in the shareholding of companies in Romania. Those are the representatives of generation Z, also known as the completely digitalized generation. Extremely ambitious, but with a low level of obedience, those can become successful entrepreneurs. They are the creators of the new business type: from specialty coffee shops and design studios, to IT hubs or fashion business. Our mission is to support them with our Consultancy 360 concept, helping them to enhance their business potential, trough a better understanding of the legal and fiscal framework.