BUSINESS SUPPLEMENTS

Wlodzimierz Sadzik, Counsellor, Head of the Trade and Investment Promotion Section, Embassy of the Republic of Poland in Bucharest: Romania, a very attractive place for Polish investors

Romania is a very important economic partner for Poland. We have a long history of successful and dynamic economic cooperation.  Romania is located on the 13th place among the European Union Countries in the terms of the Polish export. In 2015 our bilateral trade turnover amounted to the record value of more than 4,4 billion EUR. Poland exports to Romania a wide range of goods including machinery and equipment, automotive spare parts, steel and plastics materials, chemical products, mineral products, agro-food articles, furniture and many others. On the other side, Poland imports from Romania mechanical equipment, metal products, motor vehicles and spare parts, textiles and clothing, wood materials and many other products.

Romania is also a very attractive place for Polish investors and is located on the 16th place in terms of the value of Polish foreign direct investments, with the overall level of  invested capital amounted to over 500 million EUR. Our largest investors on the Romanian market are: MASPEX TYMBARK (agri-food products), CIECH (soda products), PROFI (network of food supermarkets), PRYSZYNSKI (roofing tales), FORTE (furniture), BARLINEK (wooden panels), PORTA (construction woodwork), ASSECO (computer services), ORLEN ASFALT (asphalt bitumen), IDEA BANK (banking), KRUK (financial services) and many others.

In general, Polish business community appreciates Romania as a large internal market, with relatively low labor costs, low taxes, favorable geographical location as the gateway to the entire region of the Balkans, Turkey, Asia and North Africa. There are a good prospects for the further investments, not only in the industrial area, but also in the financial sector and services. Unfortunately, the Romanian investments in Poland are still relatively small and according to the available data amounted to about 20 million EUR.

 

 

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