Car parts sector shifts Romania’s GDP up a gear
A cog in the engine of Gross Domestic Product (GDP), the car parts industry is a big driver of local exports. And Romania still has the capacity to attract investments in this sector – local labor costs, for example, are ten times cheaper than in Germany.
By Cerasela Marin and Magda Purice September 2011 - From the Print Edition
However investors are not enjoying a smooth ride. Poor infrastructure and financing difficulties were just two of the topics debated during the Automotive Leaders Power Breakfast organized by The Diplomat – Bucharest.
A great contributor to the national economy, the car parts industry posts a turnover twice as high as that of car producers; however, both contributed 8 percent to Romania’s GDP, or EUR 10 billion, in 2010. Top managers and key leaders from the industry’s main companies... To continue reading this article you have to be registered
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