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July 31, 2021

Swedish investments in Romania exceed 200 mln Euro

Sweden celebrates its National Day on the 6th of June every year. Prior to 1983, the day was celebrated as Svenska flaggans dag (Swedish flag day).
The first Swedish-Romanian high level contacts date back to the XVIth century, when the Moldavian Princes had frequent contacts with Swedish Kings.
Diplomatic relations between the two countries were established at the rank of legation, on 19 March 1916 (date of establishment of the Romanian Legation in Stockholm – Sweden’s Diplomatic Agency in Bucharest was established in 1921) and were raised to the rank of Embassy on 31 January 1964.
After 1989, the new development of the Romanian-Swedish relations was reflected in an intense and substantial political dialogue through frequent visits of Romanian and Swedish officials to Stockholm and Bucharest.
The Romanian-Swedish relations are currently very good, based on close cooperation in areas of common interest.
Sweden has constantly supported, at all levels of political leadership (Government, Parliament), Romania’s objective of joining the EU in 2007. Sweden was also the first Scandinavian country to ratify the Treaty of Accession of Romania and Bulgaria to the EU.  It has also liberalized its labour market for Romanian citizens, starting with 1 January 2007.

Sweden ranks 21st among the countries with foreign direct investments (FDI) in Romania.
According to data from the Romanian Trade Register, on June 30th, 2012 there were 1,265 companies with Swedish participation to the capital registered in Romania. The total investment amounts to Euro 218,65 million. Main economic sectors where foreign Swedish investments were registered: industry (mainly automotive, furniture, textile, glass and chemical industry), transportation, retail and professional services.
Main investors include: Autoliv, Alfa Laval, Assa-Abloy, ABB, Atlas Copco, Ericsson, Electrolux, East Capital, H&M, IKEA, Kemira Kemi, Lindab, Volvo.
As of December 31st, 2012, the bilateral trade exchanges amounted to Euro 675,14 million, a slight 1,70% decrease compared to 2011.
Out of the total, the Romanian exports to Sweden reached Euro 390,99 million (9,73% increase compared to 2011) and the imports from Sweden amounted to Euro 284,15 million (14,01% decrease compared to 2011).
The trade balance has seen a surplus of Euro 106,84 million in favor of Romania. Sweden ranks 22nd among the countries importing Romanian products (0.87% of total Romanian exports) and 28th among the countries exporting to Romania (0.52% of total Romanian imports).
Launch of the Sweden-Romania Bilateral Business chamber
Foreign Minister Titus Corlatean attended this year on May 13th, the official launch of the Sweden-Romania Bilateral Business Chamber (SweRom), on the occasion of his official visit to the Kingdom of Sweden.
The inauguration of SweRom crowns a process of dialogue between Swedish investors operating in Romania and small and medium-sized business interested in Romania, a dialogue facilitated by the Embassy of Romania in Stockholm.
On the occasion of the event, the Romanian Foreign Minister delivered an address, speaking of the economic situation in Romania and the favourable macro-economic and fiscal conditions. Moreover, the head of Romanian diplomacy highlighted the very good dynamic of Romanian-Swedish trade and the existing opportunities that create the prerequisites for boosting this component.

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