German firms march on despite crisis and red tape
The 18,000 firms with German capital present in Romania account for EUR 14.1 billion in trade and this year expect double-digit growth
By Dana Verdes and Magda Purice October 2011 - From the Print Edition
H.E. Andreas von Mettenheim, the German ambassador to Bucharest, says Romania should stick to its target of joining the Euro and try to adopt German meticulousness when dealing with irregularities in public procurement procedures, corruption, overly bureaucratic procedures and legal uncertainty. Major German companies from retail, FMCG, finance and construction outlined to The Diplomat-Bucharest their investment strategies and reservations about doing business in Romania.
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