Homework

F
1.The Romanian economy in recent years is in good shape. GDP growth, the low debt
rate of the state sector and other indicators lead to consideration of Romania's accession to
the euro area. In recent years, Romania is part of the fastest growing economies in Europe. It
is about the economy where the main role is played by industry, but which also has great
potential in agriculture due to the favorable natural conditions.
2. Romania's trade balance is negative. Imports outpourers by exports by about 15%.
Trade with China, Hungary, Poland, Germany, or the Netherlands participates in the negative
trade balance. On the contrary, a positive balance of mutual trade has Romania with the UK,
the USA or France. The decision of British voters on Britain's withdrawal from the EU could
be unfavorable for the Romanian economy but not fundamental or unresolvable.
Romania's main business partner is Germany. It contributes 19.7% to exports and
19.8% to the import of this Balkan economy. The second most important business partner is
Italy. It participated in 2015 in the Romanian export with 12.4%. On the contrary, it
participated in exports by 10.9%. The cooperation between these two countries thus plays
an important role for the Romanian economy, although the importance of trade with Italy in
recent years has decreased slightly.
3.If the pandemic worsens, economic growth risks to be below the forecasted figure.
However, the Romanian economy has coped relatively well with the COVID-19 crisis, and the
contraction of GDP in 2020 induced by the pandemic was considerably lower than the EU
average. People and businesses have benefited from a coordinated easing of fiscal and
monetary policy, which has helped to limit the economic downturn and rising
unemployment.
4. A business in the field of health may involve a major investment at the beginning,
but the profit is earned not long after opening. Moreover, the necessary equipment, as well
as the equipment, can be obtained through various rental contracts or even through public
money.
Any business that keeps about promotion, sale, original services have a profitable
future in front of it. Due to the advanced technology, there are also major opportunities in
terms of service marketing market.
5.Choosing an entrepreneurial path and launching a business idea is certainly much
riskier than holding a job with a standard schedule, from 9 to 5. Many people are not
aware of the real reason why apps like Instagram or Facebook were created – that of making
money and promoting products. So, an individual with experience in Instagram marketing
can be the basis of a very profitable modern business idea. You'll also need some skills,
though. It is good to master marketing techniques, and, in addition, you need thousands or
maybe even tens of thousands of follow-ups on the social network. To talk a little about the
amounts you can get, find out that celebrities from our country take between 3,000 and
10,000 Euros to promote certain services on Instagram.
6.City Insurance, the largest insurer in Romania, with a market share of over 20%,
went bankrupt.
7.City Insurance was the market leader in the field of RCA insurance. City Insurance,
the leader of the RCA market with a share of 46%, had an increase in subscriptions of over
27% before the withdrawal of the authorization by the FSA. Euroins and Allianz-Tiriac follow
the podium.