DamageX
Elite Member
- Sep 17, 2008
- 2,692
- 1,691
So Cisco,Orange,Vodafone, Microsoft,Nokia,Renault, Deutsche Bank are idiots as well?
YOU are not Cisco, Orange, Vodafone, Microsoft, Renault or Deutsche Bank.
Investing in Romania
- Thread starter Roparadise
- Start date
YOU are not Cisco, Orange, Vodafone, Microsoft, Renault or Deutsche Bank.
charlietree
Registered Member
- Feb 25, 2008
- 88
- 32
Do you even know what you are talking about? Do you realize how far money goes over there? Their internet is extremely fast for the most part, and its got some of the most friendly people out there. I spent 3 weeks in Bucharest 4 months ago and it was great.
It will eventually be a major EU power and think of it as getting in on the ground floor pretty much. From 2007-2013 the European Union is spending over 30 Billion Dollars in structural funds. Here are some areas that you should look at for investing.
Bucharest, Constanta, Galati, Iasi, Cluj-Napoca, Timisoara, Brasov, Craiova
DamageX
Elite Member
- Sep 17, 2008
- 2,692
- 1,691
If you know spent time in the country then you're an even bigger idiot if you still think they use the cyrillic alphabet.
Roparadise
BANNED
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He was referring to Bulgaria.
And there is there is alot of money to be made by smaller companies as well,not only the large companies. http://www.romania-insider.com just read some of the expat stories and other news from this site.
DamageX
Elite Member
- Sep 17, 2008
- 2,692
- 1,691
Mea culpa, I missed that one. I apologize for calling him the biggest idiot in this thread.
Kid, what can I say... Since you've admittedly never been to Romania then you're in for a big surprise once you get there. ESPECIALLY if you don't speak the language.
madoctopus
Supreme Member
- Apr 4, 2010
- 1,388
- 3,709
This thread is so funny. Always liked seeing ignorant whiners and their excuses about why X and Y doesn't work. If you want advice about investing in a place listen to what somebody who was successful at it says not what whining looser say.
The main mentality of the Romanian citizen is this "Romania sucks, Romanian politicians suck. It is the Romanian's politician's job to make my life easy, preferably even wipe my ass and sing me a bed time song.". Most Romanians will complain about everything from the country, politicians all the way to the rest of the people in Romania. They will tell you nothing works here and it is not a good place to invest, because they never even tried. They are whining loosers and try to somehow argument to themselves why they are loosers. Their argument is that the universe (in this case Romania) is in their way.
There are lots of things you can do in Romania or any other country for that matter that will make you successful. You just have to pick something that has a high chance to work in that place and DO IT.
I don't think government bonds or stocks are best way to invest in Romania. A hands off investment like that is easy but not the best. Invest in whatever the strengths are. In Romania possibly the best resource for a foreigner are the people. Workforce here is very cheap compared to the West and they are also pretty skilled. Obviously most people aren't great but you can find great talent here. Largest percentage of Microsoft employees are Romanian. One of the big shots at Facebook is Romanian (the CTO or something like that). If you look on vWorker.com at the stats, Romania has most coders/workers there after India. Considering the difference in size between Romania and India you realize how huge the number of Romanian specialists in IT is. And trust me, IT is an area where Romanians shine. All big companies came here for the workforce or use Romanians to get the job done in their country.
Just to give you an idea, a friend of mine is a Python developer at a Romanian company in Bucharest. His salary is $1000 EUR/month. He got a project for a intranet website. He and another colleague of his finished the project in 2 weeks. That means $1000 salary cost for the Romanian company. For this 2 week project the company received $180,000 EUR from the client. The client was a French company who outsourced to the Romanian company. The French company made $240,000 EUR from their client - the French government. So, ignoring all additional costs, a $240,000EUR project cost was $1000EUR. I think we can all see a chance for profit right there.
From personal experience I can tell you that Romanians are by far better workers than Indians and folks from Philippines. I mean no disrespect to folks from India or Philippines but I have considered over 50 Indian workers and over 100 workers from Philippines and I maybe found 2 or 3 that were decent but not too great. From 5 Romanians that I considered, I hired 2. One is doing a good job the other is exceptional. It is not just a matter of skills, it is also a matter of mentality. While this is certainly not the rule, if you interview a Romanian for a long term job position (maybe full time) he will tell you himself that he isn't sure if he's good at what you need if that is the case. Also, if he gets the job he can be pretty hard working. This is not the rule and most will not be like this, but a surprisingly high number of them are like this. Also, they have a mentality much closer to the western one compared to the Indians and Filipinos for example so you will be able to relate with each other easier.
Corruption is everywhere, and that is a good thing if you're a business. From an economic standpoint, if corruption is predictable and stable it becomes in your company's accounting another fixed cost. It's like an extra tax you pay. You know about it, there are no surprises about it, it can be easily managed. Even better, in Romania corruption allows you do do things that otherwise if everything would be 100% legal and right, you would have no chance of ever doing. So instead of complaining about corruption, use it to your advantage like a real business man.
Corruption is everywhere and that means the small things cost you extra. You have a medical insurance, but if you actually want the doctor to not make you wait 6 hours in line and actually help you, you better give him something. Need paperwork done? Better give something to the clerk. On the good side, if police pulls you over for speeding and you're not drunk, nor have you got yourself into an accident already, you give him something and he lets you go. Have a few million USD to invest here but the law does not allow you to build that building where you want? Bribe the mayor or somebody in the local administrative system and he will snap his fingers and get you the papers you need. Hell, if you pay enough they might even adapt a few local laws for you (the kind that are made by the authorities of that city, not nation specific laws - those would cost a lot more, but again I am sure it is still doable since it is doable even in USA, UK, France, etc. if you pay the right price).
The country is beautiful. Landscape is great, people like to party, girls are hot, night life is ok (not the best you can find in this world but pretty good). To have a great time, make friends from people who love life and are not whiners. As I already said, many Romanians are whiners and like to whine and find excuses for having a shitty life. However you can still find those who understand that it is their problem to have a great life not someone's else and like to live their life and not whine about it. Those will be fun to be around.
Internet is beyond good. For $10/mo you get 100mbps REAL throughput with Romania, 20-80mbps with the rest of the Europe that is connected to Frankfurt, Germany Node and about 5-10mbps with USA and other regions. As a company you have to pay more, just because you're a company (something like $50/mo or so). They differentiate plans between commercial and residential. There are several providers but go with RCS-RDS they are the best and the cheapest considering what you get.
Women... as for the entire Central and East Europe, they are hot. Obviously you find lots of not so hot ones (majority), but the hot ones are so many that you really have where to pick from. During summer for some reason I see just hot ones. Maybe it's because the hot ones are so hot in miniskirts that I never get the time to notice others that are not hot. In the city I am in, there's a park downtown where people have a walk, drink a cold beer on a terrace, etc. During summer, if you just sit on a bench, in a 10minute time span you will see more than 3 super hot girls and over 20 hot ones.
If you come here focused to win and start a successful business, that is what you will do. Not because it's Romania, but because that's what you ill make the dream become. It is a good place to invest because it is a developing country, but make sure you do your homework before you dive in. Also, I would recommend just coming here on holliday to see how you find the place. That will allow you to prospect things and learn more hands-on while you're having fun.
My best wishes and good luck
PS: keep away from pessimists that only see the bad things in everything
The main mentality of the Romanian citizen is this "Romania sucks, Romanian politicians suck. It is the Romanian's politician's job to make my life easy, preferably even wipe my ass and sing me a bed time song.". Most Romanians will complain about everything from the country, politicians all the way to the rest of the people in Romania. They will tell you nothing works here and it is not a good place to invest, because they never even tried. They are whining loosers and try to somehow argument to themselves why they are loosers. Their argument is that the universe (in this case Romania) is in their way.
There are lots of things you can do in Romania or any other country for that matter that will make you successful. You just have to pick something that has a high chance to work in that place and DO IT.
I don't think government bonds or stocks are best way to invest in Romania. A hands off investment like that is easy but not the best. Invest in whatever the strengths are. In Romania possibly the best resource for a foreigner are the people. Workforce here is very cheap compared to the West and they are also pretty skilled. Obviously most people aren't great but you can find great talent here. Largest percentage of Microsoft employees are Romanian. One of the big shots at Facebook is Romanian (the CTO or something like that). If you look on vWorker.com at the stats, Romania has most coders/workers there after India. Considering the difference in size between Romania and India you realize how huge the number of Romanian specialists in IT is. And trust me, IT is an area where Romanians shine. All big companies came here for the workforce or use Romanians to get the job done in their country.
Just to give you an idea, a friend of mine is a Python developer at a Romanian company in Bucharest. His salary is $1000 EUR/month. He got a project for a intranet website. He and another colleague of his finished the project in 2 weeks. That means $1000 salary cost for the Romanian company. For this 2 week project the company received $180,000 EUR from the client. The client was a French company who outsourced to the Romanian company. The French company made $240,000 EUR from their client - the French government. So, ignoring all additional costs, a $240,000EUR project cost was $1000EUR. I think we can all see a chance for profit right there.
From personal experience I can tell you that Romanians are by far better workers than Indians and folks from Philippines. I mean no disrespect to folks from India or Philippines but I have considered over 50 Indian workers and over 100 workers from Philippines and I maybe found 2 or 3 that were decent but not too great. From 5 Romanians that I considered, I hired 2. One is doing a good job the other is exceptional. It is not just a matter of skills, it is also a matter of mentality. While this is certainly not the rule, if you interview a Romanian for a long term job position (maybe full time) he will tell you himself that he isn't sure if he's good at what you need if that is the case. Also, if he gets the job he can be pretty hard working. This is not the rule and most will not be like this, but a surprisingly high number of them are like this. Also, they have a mentality much closer to the western one compared to the Indians and Filipinos for example so you will be able to relate with each other easier.
Corruption is everywhere, and that is a good thing if you're a business. From an economic standpoint, if corruption is predictable and stable it becomes in your company's accounting another fixed cost. It's like an extra tax you pay. You know about it, there are no surprises about it, it can be easily managed. Even better, in Romania corruption allows you do do things that otherwise if everything would be 100% legal and right, you would have no chance of ever doing. So instead of complaining about corruption, use it to your advantage like a real business man.
Corruption is everywhere and that means the small things cost you extra. You have a medical insurance, but if you actually want the doctor to not make you wait 6 hours in line and actually help you, you better give him something. Need paperwork done? Better give something to the clerk. On the good side, if police pulls you over for speeding and you're not drunk, nor have you got yourself into an accident already, you give him something and he lets you go. Have a few million USD to invest here but the law does not allow you to build that building where you want? Bribe the mayor or somebody in the local administrative system and he will snap his fingers and get you the papers you need. Hell, if you pay enough they might even adapt a few local laws for you (the kind that are made by the authorities of that city, not nation specific laws - those would cost a lot more, but again I am sure it is still doable since it is doable even in USA, UK, France, etc. if you pay the right price).
The country is beautiful. Landscape is great, people like to party, girls are hot, night life is ok (not the best you can find in this world but pretty good). To have a great time, make friends from people who love life and are not whiners. As I already said, many Romanians are whiners and like to whine and find excuses for having a shitty life. However you can still find those who understand that it is their problem to have a great life not someone's else and like to live their life and not whine about it. Those will be fun to be around.
Internet is beyond good. For $10/mo you get 100mbps REAL throughput with Romania, 20-80mbps with the rest of the Europe that is connected to Frankfurt, Germany Node and about 5-10mbps with USA and other regions. As a company you have to pay more, just because you're a company (something like $50/mo or so). They differentiate plans between commercial and residential. There are several providers but go with RCS-RDS they are the best and the cheapest considering what you get.
Women... as for the entire Central and East Europe, they are hot. Obviously you find lots of not so hot ones (majority), but the hot ones are so many that you really have where to pick from. During summer for some reason I see just hot ones. Maybe it's because the hot ones are so hot in miniskirts that I never get the time to notice others that are not hot. In the city I am in, there's a park downtown where people have a walk, drink a cold beer on a terrace, etc. During summer, if you just sit on a bench, in a 10minute time span you will see more than 3 super hot girls and over 20 hot ones.
If you come here focused to win and start a successful business, that is what you will do. Not because it's Romania, but because that's what you ill make the dream become. It is a good place to invest because it is a developing country, but make sure you do your homework before you dive in. Also, I would recommend just coming here on holliday to see how you find the place. That will allow you to prospect things and learn more hands-on while you're having fun.
My best wishes and good luck
PS: keep away from pessimists that only see the bad things in everything
DamageX
Elite Member
- Sep 17, 2008
- 2,692
- 1,691
Whether it's easy or not makes no difference. If you're unable to speak the language then pretty much everyone there will assume two things about you:
- You have lots of money
- You're an idiot
And they will treat you accordingly, looking to fuck you over any chance they get.
Roparadise
BANNED
- May 25, 2011
- 784
- 1,422
Its hard to find a college in the usa that teaches Romanian. I've only found one(Indiana University) so far. I'd probably do better just using the stuff from my ROLANG Harddrive i've put together over the past year,then going to Romania to learn it then in USA.
Giuni
Power Member
- May 14, 2009
- 764
- 372
goodguy333
Junior Member
- Apr 15, 2010
- 171
- 89
I like Romania...
Cheerios
Cheerios
Claudiu
Regular Member
- Feb 28, 2009
- 374
- 129
wow .. i understand that some of you who live in romania are frustrated for living in this country, but i feel like you'r attacking the others that are interested in ro.
it's like userX decides to got to romania and right before he makes he's 1st step in this country, userY (who lives in romania) comes into his face with an angry voice and a shovel in his hand saying: BOO! you don't want to be here Moron! go back to your country. romania ain't for you cause it's a stupid country!
i am from romania, and i admit it ain't that great country as there ain't much to visit, besides the mountains. (btw, those interested in romania, i would recommend Brasov and surroundings like Predeal).
business weiss .. well, the politics suck and the big problem here is that everything runs on politics. so if an average joe want's to open a business, he will need to be part of a democratic side. to join this politics sides, the business owner aka average joe, will place a fee monthly (i think) to help the democratic party grow, and from there depending on the streets the democratic party has influence on, the average joe will be able to open a business on one of those streets. (by business i mean a small shop for grocery, or clothes)
so, opening an offline business might / might not work for new comers here. dpends on how easy one can adapt to this kind of society. also, there's huge lack of information here, compared to civilised countries. most of the info one can get here, is through friends and their experience.
other than that, the society here is quite cool .. friendly and outgoing. as mentioned earlier, hot chicks everywhere (cityies and village) and best of all the'r cheaper than usa chicks) way cheaper ...
so there you go .. pros of romania: mountains to visit and hot chicks to ride.
cons: business to run, not that easy, but doable for average joe.
regarding madoctopus's saying: i think he lives to much under water, where everything is quiet and peaceful. he speaks like he owns the shit) i wouldn't take his words for granted. it's not like you clap your hands and you change rules in romania if you have the money. maybe on a higher level it is possible. and by higher i mean huge sharks that own the mass media and such. but as a simple business man (aka averag joe), no way the bribe works like he's trying to make it look like
it's like userX decides to got to romania and right before he makes he's 1st step in this country, userY (who lives in romania) comes into his face with an angry voice and a shovel in his hand saying: BOO! you don't want to be here Moron! go back to your country. romania ain't for you cause it's a stupid country!
i am from romania, and i admit it ain't that great country as there ain't much to visit, besides the mountains. (btw, those interested in romania, i would recommend Brasov and surroundings like Predeal).
business weiss .. well, the politics suck and the big problem here is that everything runs on politics. so if an average joe want's to open a business, he will need to be part of a democratic side. to join this politics sides, the business owner aka average joe, will place a fee monthly (i think) to help the democratic party grow, and from there depending on the streets the democratic party has influence on, the average joe will be able to open a business on one of those streets. (by business i mean a small shop for grocery, or clothes)
so, opening an offline business might / might not work for new comers here. dpends on how easy one can adapt to this kind of society. also, there's huge lack of information here, compared to civilised countries. most of the info one can get here, is through friends and their experience.
other than that, the society here is quite cool .. friendly and outgoing. as mentioned earlier, hot chicks everywhere (cityies and village) and best of all the'r cheaper than usa chicks
) way cheaper ...so there you go .. pros of romania: mountains to visit and hot chicks to ride.
cons: business to run, not that easy, but doable for average joe.
regarding madoctopus's saying: i think he lives to much under water, where everything is quiet and peaceful. he speaks like he owns the shit
) i wouldn't take his words for granted. it's not like you clap your hands and you change rules in romania if you have the money. maybe on a higher level it is possible. and by higher i mean huge sharks that own the mass media and such. but as a simple business man (aka averag joe), no way the bribe works like he's trying to make it look like
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goodguy333
Junior Member
- Apr 15, 2010
- 171
- 89
What about Dracula...?!:scared::firedevil:scared1:
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Roparadise
BANNED
- May 25, 2011
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Dracula was the family name of Prince Vlad III who was ruler of Wallachia,not Transylvania. Dracul meant Dragon in older Romanian, that why his father took the name when he joined the christian order of the dragon. Dracula means of Dracul.
goodguy333
Junior Member
- Apr 15, 2010
- 171
- 89
Thanks Roparadise...
Cheerios
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aliskorn
Regular Member
- Apr 21, 2008
- 483
- 466
I live in Romania and I personally KNOW and have lunch with small to medium business (tourism) owners that had 300 k euro profit this summer. So yeah...
I had some business in the Intercontinental(center of Bucharest) hotel today. The hotel was jam packed @ 170 euros/night (the cheapest room).
I had some business in the Intercontinental(center of Bucharest) hotel today. The hotel was jam packed @ 170 euros/night (the cheapest room).
Last edited:
Qft. Made 200EUR in one night 3-4 year ago by asking for 200,000 ROL (20 RON).
Roparadise
BANNED
- May 25, 2011
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If someone were to black hat the Romanian lei to it being 1 usd=2 lei instead of 1 usd=2.95 lei,would it be illegal?
