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November 24, 2022

Part of German capital leaves Romania

Part of the German capital companies from Romania (more than 16,000) considers leaving the country, according to newspaper “Cotidianul”. Romania remains a good sale market only for construction companies and for supermarkets chains.

In spite of the economic crisis, legal counselor Gisbert Stalfort is conducting recruitments for his company in Bucharest. Its law firm works on continuous basis because its field of activity fits the current time: they handle company liquidations. The German investment counselor Johannes Book believes that the Romanian Government should place more emphasis on educating skilled workers.

For Ulrich Burger, crisis came with good time for negotiations. He is seeking lands in Ardeal, Banat and Bucovina for a supermarket chain of cheap products, Plus, which belongs to the German concern Tengelmann. Because land prices are plunging in Romania, the company has the opportunity to extend more.

While the automotive sector is also plunging, a reason because of which the companies active in field consider leaving, “Romania will continue to be, over the next ten years, a good market for the construction companies active in infrastructure,” according to engineer Ludger Thol.

Since the Revolution from 1989, Germany invested more than EUR 2 bln in Romania, thus ranking, after The Netherlands and Austria, as the third large investor.

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