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The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.
The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia, Lithuania.
Wednesday, 30 July 2014
FDI into Romania continues to grow in 2014
The level of foreign direct investments into Romanian economy continues to rise.
According to the National Bank of Romania, in the first five months of 2014 FDI reached 1 billion EUR, up by 13.9% compared to the same period of 2013.
The Romanian subsidiary of French group Air Liquide will invest 5 million EURin a new gas filling center in Cluj-Napoca. The filling station will serve clients active in various fields, such as food processing, auto industry, manufacturing, energy and research. Air Liquide is active on the Romanian market through branch Air Liquide Romania, established in 1999. In the last seven years, Air Liquide Romania has invested over EUR 30 million in the industrial facilities it owns.
Canada’s Candu Energy, a supplier of nuclear energy equipment, has announced the signing of an agreement with China Nuclear Power Engineering Company (CNPEC), for the construction of two nuclear reactors in Cernavoda. Romania has been trying for years to find backers for the project, which requires an investment of around EUR 6.2 billion.
Eric Faidy, president of the administration council of the French Chamber of Commerce and Industry in Romania (CCIFER), whose members have a combined turnover of EUR 19 billion, says that Romania is on the watchlist of French investors, given the 3.9% expansion of its economy in the first quarter of this year. He predicts more French investments in IT, agriculture and industry, adding that the country needs enhanced infrastructure and stable regulation to remain attractive for French capital.
Japanese group Simotomo, owner of a car wiring factory in Caransebes, will continue its investment in Romania with a new production unit at Drobeta Turnu Severin set to open on August 18. The group will hire 2,000 people for the new factory, located in a hall on the Paper Compound platform.
The government has prepared a new support scheme to be applied by the end of 2020 for the benefit of 150 companies. The support scheme is meant to encourage major investments in the economy. Companies will be able to write off the costs of acquiring tangible and intangible assets as eligible expenses but only if the value of the initial investment is a minimum of EUR 20 million. Sources: Business Review, Romania-Insider.com