Case: Alcor Ventures



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. MARKET ANALYSIS
Romania (Exhibit 1 and 2)

Country Information
Basic data--Romania 2000/2001



    • Total area: 238,391 sq km, of which 63% is cultivated (1995)

    • Population: 22,450,000 (January 2000)

    • Main towns: Population in '000 (July 1st 1999)

Bucharest (capital) 2,011 Cluj-Napoca 333

Constanta 340 Galati 328

Iasi 348 Brasov 312

Timisoara 328 Craiova 313




  • Climate: Continental with mean temperatures of minus 3 C in the winter and 22-24 C in the summer. Weather in Bucharest (altitude 92 metres): Hottest month, July, 16-30 C (average daily minimum and maximum); coldest month, January, minus 7-1 C; driest month, February, 33 mm average rainfall; wettest month, June, 89 mm average rainfall

  • Language: Romanian

  • Weights and measures: Metric system

  • Currency: Leu = 100 bani; the plural of leu is lei. The average exchange rate in 2000 was Lei21,710:US$1. Exchange rate on March 9th 2001: Lei27,180:US$1

  • Time: 2 hours ahead of GMT

  • Fiscal year: Calendar year

  • Public holidays: January 1st, January 6th, Easter Monday (Orthodox calendar), May 1st, December 1st, December 25th, December 26th




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