BUSINESS COMPANIES DIPLOMACY ECONOMY FINANCE&BANKING INVESTMENTS SUPPLEMENTS

Wlodzimierz Sadzik – Counsellor, Head of Trade and Investment Section: Economic cooperation between Poland and Romania is booming!

Romania is a very important economic partner for Poland. We have a long history of successful and dynamic cooperation, mostly after the time our both countries became the members of European Union.  In 2016 our bilateral trade turnover amounted to a record value of nearly EUR 5 billion. It means an increase of over 10 percent compare to the previous year. Poland is the 5th trade partner for Romania. We exports a wide range of goods including machinery and equipment, mineral products, agro-food items, furniture and many others. On the other side, Poland imports from Romania mechanical equipment, metal products, motor vehicles and spare parts, wood materials and many other products.

There are a lot of Polish investors acting on Romanian market and the total value of our investment exceeded EUR 500 million.  Our largest investors in Romania are: Maspex Tymbark (soft drinks and food products), Ciech (chemical products), Pruszynski (roofing tales), Forte (furniture), Barlinek (wooden panels), Porta (construction woodwork, doors), Asseco (computer services), Orlen Asfalt (asphalt bitumen), Idea Bank (banking services), KRUK (financial services) and many others. Totally there is over 900 Polish companies register in Romania.

Generally, Polish business investors appreciate Romania as a large internal market with relatively low labor costs, with low taxes and favorable geographical location as the gateway to the entire region of the Balkans, Turkey, Asia and North Africa. Of course, we realize that Romania has some economics problems and still much to be done. The biggest barriers to further dynamic economic development is the large bureaucracy, unstable economic regulations, poor absorption of European funds and lack of qualified employees, mostly  in the industrial sectors. But fortunately, in all these cases Romania is making a lot of progress.

There are a lot of further possibilities for cooperation with Polish companies in such areas as automotive industry, electronics, biotechnology, renewable energy, agricultural sector and many others.

Polish Embassy in Bucharest welcomes every Romanians being interested to get into economic cooperation with our companies, both in the trade and investment activities.   We are ready to provide further information and assistance in every areas.

 

 

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