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.
The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia, Lithuania.

Wednesday, 30 November 2016

While I was away...

Between 14-29 November, together with the Managing Director of FRD Center, I was in India, in cities including Delhi and Mumbai, meeting with investors and manufacturers interested to enter the European market.

While I was on this trip, in my home country, Romania - the most dynamic large market in the EU - many developments have taken place. This adds to the strategic advantages Romania has as a gateway to the EU as well as to the other large markets in Eastern Europe, such as Russia, Turkey, Ukraine, Kazakhstan etc.

Some of these recent developments in Romania are:
  • The Turkish company Nurol Makina announced their plans to produce 4x4 bullet-proof vehicles in Romania for the defence industry, the value of investment being at least EUR 15 million.
  • Romanian President, Klaus Iohannis, announced that Romanian IT sector, one of the key sectors of growth in Romania, could post 5 billion EUR in revenues in 2020.
  • Within less than an year after its official opening, the leisure and wellness center Therme Bucharest has expanded by 4,000 sqm the Galaxy area, following an investment of EUR 10 million. 
  • Doraly Expo Market, the wholesale commercial market specialized in house items and food products, opened a new commercial pavilion with a surface of 5,280 square meters, as a result of an investment of EUR 2.7 million.
  • German group Allianz buys 30% stake in E.On’s energy distribution business in Romania.
  • Romania ranked 2nd in the European Cyber Security Challenge organized in Dusseldorf, Germany
  • Continental Tires exceeded 180 million tires manufactured in Timisoara (W Romania), following investments of over 400 million euro, in its 16 years of activity.
  • Farmec, the most important Romanian producer of cosmetics, opened a new Gerovital store in Bucharest
  • The Romanian authorities are close to signing a contract with Rheinmetall, a German company that builds military equipment and vehicles, for building an armored personnel carrier in Romania.
  • Almost 115,000 new vehicles were sold in Romania in the first 10 months of the year, a figure by 17.5% higher than the same period of 2015. According to APIA, the total number of eco-friendly cars sold over the past 10 months doubled, and the hybrid vehicle segment represents 87.5% of the total.
  • ArcelorMittal invests EUR 6.5 mln in high-capacity crane at the Galati (SE Romania) steel plant
  • Koton Romania opens EUR 6.5 mln store in Bucharest’s Old Town Center
  • Romania’s Automobile Dacia records highest growth in the last three years.
  • German group Braas Monier has completed the acquisition of a tile factory owned by Craiova-based Elpreco. This transaction should bring Braas Monier additional revenues of almost EUR 5 million every year. Elpreco Craiova is one of the biggest manufacturers of building materials in Romania. 
  • Over 3,400 permits for residential buildings were issued in October, up 13.6% compared to the same month last year, according to the National Statistics Institute (INS).
Romania has this year the highest economic growth in the European Union, of 5.2% in the first semester and 4.9%  in the first nine months, with a budgetary deficit in the target established by the 2016 budget law: now at 0.49% of GDP, the target being 2.8% of the GDP. Currently, Romania is known by the European Commission as a country without macroeconomic imbalances at European level.

My sources for the above info are: Business Review, Romania Insider and Nine O'Clock.

This is my first personal blog entry.

Best wishes all around,

Jackie Bojor
Founding Partner
FRD Center

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