Romania offers to international companies the opportunity to establish here a European platform to enter new markets, internationalize its production and develop new partnerships in fields as procurement or outsourcing.
Romania represents one of the EU’s fastest- growing economy. The potential market of 21 million consumers makes it one of the most inviting and dynamic economies in Central and Eastern Europe.
In 2017, the country was the first economy in EU in terms of economic performance, up by 6.9% real GDP growth. Member of the European Union since 2007, Romania recovered at an impressively fast pace after the global economic crisis, becoming one of the most financially stable countries of the EU.
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The growth has been robust due to a series of competitive advantages that mark the Romanian economic environment:
- Excellent geo-strategic location: the country is positioned at the crossroads of three great markets, linking the European Union to the CIS and the Middle East by three major pan-European transportation corridors (corridor no. 4, no. 7 and no. 9).
- Having the 4th lowest gas prices and the 6th lowest electricity prices in the EU, as well as one of the fastest internet connections in the world, Romania has become an outstandingly cost-effective business environment.
- Owning 1/3 of the Danube River and standing as the most significant gateway to the Black Sea through Constanta Port, Romania has a 6 day time saving competitive advantage against the biggest European port, Rotterdam.
- Rich natural resources include agricultural land and significant mineral deposits such as petroleum, natural gas, salt, coal and gold.
- A notable network of 84 industrial parks makes suitable locations available to investors with access to utilities and benefit packages according to their focus.
- The outstanding ration between quality and cost of life make Romania a very inviting destination for expatriates.
- A young, skilled, well educated and trained labour force is one the key assets that the Romania environment has to offers.
Sibiu is a city situated in Transylvania, Romania with a population of 147,245. Its greatest asset is tourism, which has been increasing over the years reaching its peak in the last few years.
It has a high rate of foreign investments. It is also “on the map” for its manufacturing of automotive components and houses factories. Sibiu’s stock exchange is the second largest Romanian stock exchange, after Bucharest.
The two having been set to merge in 2018.
Sibiu is also among Romania’s most culturally lively cities, with two theaters, a Philharmonic orchestra, along with an important museum and other smaller, private theatrical venues.
In 2007, Sibiu was the European Capital of Culture
(together with Luxembourg ). This was the most important cultural event that has ever happened in the city, that generated a great rise in tourism.
Competitive advantages of the economic environment of Sibiu:
- ideal geo-strategic location.
- continuous economic growth with an impressively high rate of foreign investors.
- substantial growth and development of the real estate sector, along with price stability.
- Sibiu is becoming that much more attractive for investors as it is being turned into a NATO command center, which will host around 400 officers from NATO allied countries. This means two major things for the local economy, and not only: security and money!
The main industrial activities of Sibiu take place in two industrial zones located on the outskirts of the city:
West industrial zone (West Economic Centre), near the exit to Sebeș, close to the Sibiu International Airport.
East industrial zone (East Economic Centre), alongside the railway to Brașov and Râmnicu Vâlcea.