Wondering where your next market is? You’ve come to the right place.
Evaluating the market in Romania
We can help you get a better understanding of market activity, relationships and support to grow your business.
Open on restricted basis
What this means:
Responsive approach to business
EDC solutions are available on a restricted basis
How does EDC determine the position?
EDC takes the following into account when determining the position in a given market:
Government of Canada restrictions
Political, human rights and corruption risks
Other factors that may be taken into consideration are: size of the economy, diversification of the economy, risk of natural disasters
Low to Medium Risk
What this means:
The Commercial Country Ceiling (CCC) Risk Rating is measured from low to high, and is meant to represent the best possible rating that can be assigned to a commercial business (obligor) in a country.
How does EDC determine the risk rating?
The CCC risk rating is impacted by the Sovereign Probability of Default (ability and willingness to honour financial obligations), political risks, and other mitigating or worsening factors.
Business environment in Romania
Trade is of high importance to Romania's economy; the country is heavily dependent on imports and export demand, particularly for machinery and equipment and fuels and minerals. According to the Master Transport Plan announced by the government of Romania in November 2014, the country needs to invest about EU 50B through to 2030 to enhance and expand its transport infrastructure. Canada has an established trade and investment relationship with Romania and there is potential for Canadian trade and investment opportunities going forward.