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December 1, 2021

Austrian investors stay committed to Romania´s growth potential

Executives from some of the most important Austrian companies met recently at the occasion of a new event series called “Romania Business Breakfast” with Minister of Economy Andrei Gerea to discuss the country´s economic perspective in the wake of necessary reform steps to modernize the Romanian economic environment, a press release informs. The Romanian government has made a strong commitment to reform the economy, to improve infrastructure, modernize the tax and legal system to raise investors’ and consumers’ confidence and stimulate growth”, Gerea said, continuing: “Romania needs to reveal its potential by building strategic infrastructure across the country, modernizing its administration and enhance a constructive dialogue with the private sector”, said Gerea. Attracting eighty business leaders from reputable companies such as OMV-Petrom, BCR, Strabag, Schweighofer, J. Christof, Infineon, voestalpine, Siemens, Titan, Verbund and many more from different sectors the Romania Business Breakfast focused on the strategic options Austrian key investors are supposed to take in the coming years. With a total investment of EUR 10.9 bn, that is 18.5 percent of the total foreign direct investment, Austria is the second largest investor in Romania. Over 6,600 companies with Austrian capital are registered in Romania, 100,000 jobs are directly created through these investments. Austrian investors are active in a very wide range of sectors, such as industry, services and resources. Austrian exports have reached in 2013 almost EUR 2 bn. Romanian exports to Austria are rising to a record level of EUR 1.2 bn.

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