about us | newsletter | contact | archive | members area
Nicolae Ghibu, Certsign
Regulations will come gradually and will cover all areas»
  Features:      COUNTRY FOCUS   |   SECTOR ANALYSIS   |

Prospects of Further Development

Western Romania is a success story, considering the current and real development perspectives. The city on Bega maintains the traditional role of triggering the national development countrywide, shown by statistics ranking Timisoara as second after Bucharest in terms of business growth Text courtesy of Nicolae Robu, mayor of Timisoara

2016-06-20 17:45:00 - From the Print Edition

Both the overall GDP and the GDP per capita indicators recorded a yearly evolution compared to the national average. In this context, one can say that the growth prospects are real.

The current development comes from the fact that Timisoara continues to be attractive for investors, by offering fiscal facilities welcomed by the companies in the region, in line with their investment volumes and the created job pool. Also, the city is experienced in project development based on European funds, with a 95.34 per cent absorption rate and 100 per cent success rate for these EU funds-financed projects. This adds to multiple local projects financed by the local budget. We take great pride in the fact that the city hall of Timisoara enjoys a good reputation in terms of transparency and money spending reports and this has also resulted in a great competition among the companies, either local or international, to access the funding.

The opportunities and benefits enabling the business growth locally comprise a modern and complex infrastructure, the good connectivity due to the close highway and the international airport, the high-rated workforce, besides the fiscal facilities offered by local administration. For us, the greatest challenge is to fully develop the local capacities in terms of business development, together with the neighbouring county Arad, in order to consolidate our position as a development pole in Romania.

The dialogue between the private and public structures is considered to be efficient, because at the city hall we try to meet the need for the business development voiced by companies, by offering and enabling all the tools that are our responsibility. For instance, at the demand of the large companies operating at Timisoara in the automotive sector, we developed a local centre for training and work skill development, financed by EU funds. Also, we created the IT&C business centre. However, there is still room for improvement, especially in the sector of public-private partnership projects, to better answer the needs of the business environment. Also, at the national level, we need more predictability and stability in legislation and a simpler regulatory structure. So far, there are many rules that contradict themselves or are subject to interpretation when they have to be implemented.

At the city hall, we developed a Consultative Economic Council, where representatives of local administration and business people meet and discuss the matters that affect the business environment and where the dialogue is meant to result in concrete projects to empower the business development and the entrepreneurial education. The council is formed by 40 representative institutions operating in financial and economic sectors, from business clubs, clusters, development agencies and banks, to universities and diplomacy. The council functions as a workgroup. The short and medium term priorities are to enable the support tools for the Excellency Centre in the automotive sector and the IT&C business centre, to attract a larger commitment from universities and professional schools into the business environment, after the German model of dual education system.



COMMENTS
'.$nr_comm.' comment:
'; } else { echo 'There are '.$nr_comm.' comments:
'; } while ($row = mysqli_fetch_array($result, MYSQLI_ASSOC)) { echo '
'.$row['nume'].": on ".$row['data']."
"; //echo str_replace('\n','
',$row['comentariu']); echo nl2br($row['comentariu']); echo '
'; } ?>

0 Comments  |  6897 Views
Daily Info
Smart city is not a fad, it's a necessity

In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo...

Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers"

"We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u...

Telekom Romania, a strong supporter of Smart City development in Romania

Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society...

In the industrial era, the fight was for finite material resources. Not anymore

Now organizations fight and develop themselves for and around their talent. In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e...

Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania"

Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p...

 
 
   
advertising

advertising

advertising

More on Features
Romanian business - Flexibility and agility in a high-potential market

It's anniversary time, with Romania celebrating its national day at a time when its image is coming into serious question at an international level. This month is also an a...

1 Comment

Telekom Romania, a strong supporter of Smart City development in Romania

Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the soci...

1 Comment

Smart city is not a fad, it's a necessity

In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the ec...

1 Comment

In the industrial era, the fight was for finite material resources. Not anymore

Now organizations fight and develop themselves for and around their talent. In a nutshell, getting ahead in today's business world is all about attracting and inspiring a...

1 Comment

True hospitality in Bucharest

Interview with Lior Bebera, General Manager InterContinental Bucharest

1 Comment

Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania"

Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-fo...

1 Comment

Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers"

"We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms o...

14 Comments