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Austria holds over 14 per cent of all foreign investments in Romania

The Austrian investors see Romania as an excellent investment destination and the largest market in the South-Eastern Europe, according to Gerd Bommer, the Austrian Embassy Commercial Counsellor.

2017-05-09 16:36:24

"Currently, our top priorities lie in the development of a healthy business climate and a comprehensive educational system," said Bommer. "For us, Romania represents a resourceful country, dominated by a highly skilled labour force and a nation that knows how to make itself heard."

According to the country's official trade promotion organisation, Austria is a constant investor and one of the most active in Romania, with a direct investment value amounting to nearly nine billion Euro in 2016, which makes a share of over 14 per cent of all the foreign investments in the country.

Up to this moment, there are approximately 1.500 active Austrian investors in Romania and over 7.200 companies with Austrian capital that contribute to the development of the Romanian economy. The companies are market leaders in sectors such as mineral oil, banks, insurances, transport, real estate and lead to the creation of more than 100.000 direct employees in Romania.

Regarding the exports and imports, Romania is a top 15 exports and 19 import markets for Austria. For example, the Austrian exports to Romania account for 2.08 billion Euro and following an ever-increasing trend.

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