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April 15, 2021

Rudolf Opatřil, Counsellor, Head of the Economic Section of the Embassy of the Czech Republic: Romania, a very attractive place – not only for Czech companies

As every year, the celebration of the Independent Czechoslovak State Day, gives us the opportunity to say a few words about our affairs.

Czech Republic and Romania have a strategic partnership and we are important partners and allies in EU and NATO.

The history of our contacts reaches far back into the history. The first verifiable documents of mutual commercial relations come from Middle Ages, when the Czech Kings were interested in events in the area of what is today´s Romania.

In the recent history, Czech Republic and Romania shared quite similar experiences in transition from a totalitarian regime to democracy. Since the birth of the Czech Republic in 1993, our two countries have enjoyed a fruitful cooperation. In the next months, both countries, Romania and the Czech Republic will commemorate 30 years since the 1989 revolutions.

Economically, there is a very positive trend in our bilateral relationships thanks to the presence of more than 1000 Czech companies in Romania. Also the volume of trade between our countries is rising.

Czech companies are present in a wide variety of sectors and can offer services and experience in infrastructure, public transport, railways, electro buses, smart technologies, renewable energy, also in the field of water treatment, retail, food, pharmaceutical industry and health sector.

Many Czech products are well known in Romania. This is only a brief list of the truly most important and most interesting products – Skoda Auto, Czech glass making industry, branded porcelain, Pilsner Urquell beer, Staropramen breweries or herbal liqueur Becherovka. Recent achievements of Czech companies such as SOR Libchavy or Skoda Electric can be seen on the streets of towns Turda and Galati, where they delivered their modern electric buses and trolley buses.

The economy of Romania is continuously developing in a very positive way and it is strengthening the trust of Czech investors. Romania is a country for short term and long-term investments, with well-educated workforce at competitive wages with excellent language proficiency, technical skills, strategic location, abundant natural resources, good work ethics, favorable business climate, attractive taxes and liberal labor code. The country has many business opportunities especially in the automotive, energy and agro-food industry, IT, and other creative industries.

In general, Czech business community appreciates Romania as a large internal market and favorable geographical location, right at the gateway to the entire region of Balkans, Turkey, Asia, and North Africa.

Recent positive development in our bilateral trade relations was also helped by CzechTrade office in Bucharest, which is operating under the auspices of the Embassy of the Czech Republic in Bucharest and offers its services to Czech and Romanian companies.

The economic section of the Embassy of the Czech Republic in Bucharest promotes its activities also with Czech Center in Bucharest, Honorary Consulate General in Timisoara, and Embassy of Romania in Prague.

We also have an excellent long-term cooperation with the Chamber of Commerce and Industry of Romania and chambers of commerce in the regions, especially in Prahova and Arges. In these two cases we connected regional chambers of commerce from both countries through memorandums of cooperation. The economic section is promoting its activities with Avangarde Group-RIZ, clusters, industrial parks, and large number of other Romanian institutions.

The economic section of the Embassy of the Czech Republic together with Czech Trade is participating in the most important trade fairs such as Indagra, Expoconstruct or Agro Pitesti. Our own project of economic diplomacy are round tables on different topics such as smart city or energy industry. The aim is to connect relevant Romanian and Czech companies.

The economic section of the Embassy of the Czech Republic in Romania welcomes every Romanian who is interested in getting into economic cooperation in the trade or investment activities. Czech-Romanian partnership has still a huge potential for even closer relations in strategic bilateral economic partnership within the European Union.



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