ROMANIAN BUSINESS ENVIRONMENT OVERVIEW

Eastern Europe’s rapid growth and economic expansion creates unique opportunities. Romania’s inclusion into the European Union in January 2007 is strengthening it’s role as important player within the European large single market for business, because of it’s central geographic location, relatively inexpensive – yet very well-educated – labor force, available for development land and attractive tax structures for companies.

Romania - "favorite" target of foreign investments in SE Europe *

Foreign direct investments in Romania reached a record euro 9.1 billion (about US$12 billion) last year, up 75 percent compared to 2005, according to figures published by the central bank.
Romania is the first option for companies who plan to invest in South-East Europe, Hungarian publication Budapest Business Journal reports, quoting an Ernst&Young/LLP study.
Over 58% of companies involved in the study said they planned to invest in Romania in 2007, with 68% considering the move for the next three years.
The study analyzes the preferences of 200 mostly Western European companies. Its results were presented in Istanbul. Turkey was named the second best investment target with favorable answers from 49% of companies. Greece, Bulgaria and Serbia were also included in the report.

*Source : Romanian Properties Ltd ,133 High Street, Northwood, Middlesex, HA6 1ED, UK

Construction Sector Outlook