What are the opportunities presented by the Romanian market to the foreign players looking to expand to Emerging Europe?
A NATO member-state since 2004 and a full EU member since 2007, Romania is the second largest market in Central, Southern and Eastern Europe, after Poland.
It has a strong industrial manufacturing sector, oil & gas industry, agriculture, superb IT & software development. It has several maritime ports, considerable logistic sector and strong ship-building industry.
For more details go to the link: https://market-entry-romania.blogspot.com/2022/11/why-would-you-choose-to-relocate-or-to.html
For tailor-made market research, target origination, strategic liaison with Decision Makers in Romania and the Emerging Markets in Europe, for targets search and deal origination feel free to contact the FRD Center team at email: europa@frdcenter.ro or tel: +4021 411 1459
According to the FRD Center analysis based on official data published by BNR (The National Bank of Romania), the foreign direct investments (FDI) in Romania went up 46.47% in the first eight months of 2022, compared to the same period of 2021, reaching 6.474 billion EUR.
As for the GDP, it increased y-t-y by 5.7% in the first semester of 2022. It is expected to grow by 3.5% in 2022, according to the National Commission for Strategy and Prognosis.
What are the opportunities presented by the Romanian market to the foreign players looking to expand to Emerging Europe?
Since the war in Ukraine, several international players have been relocating their manufacturing sites to Romania. The latest to do so is the Finnish company Nokian Tyres which will invest 650 mEUR to construct a vehicle tire factory in Romania with the annual manufacturing capacity of 6 million tires.
As it results from the FRD Center analysis, in the first eight months of 2022 compared to the same period of the previous year, the turnover in the manufacturing industry in Romania increased by 23.6% in nominal terms, while the new orders in this sector rose by 18.9%.
For tailor-made market research, target origination, strategic liaison with Decision Makers in Romania and the Emerging Markets in Europe, for targets search and deal origination feel free to contact the FRD Center team at email: europa@frdcenter.ro or tel: +4021 411 1459
In regards to the manufacture of food products in Romania, according to the FRD Center analysis, in the first eight months of 2022 it recorded a y-t-y growth as gross series of 4.4% while the manufacture of fabricated metal products, except machinery and equipment increased by 3.3%.
The Romanian manufacture of basic pharmaceutical products and pharmaceutical preparations increased by 4.6%.
The volume of the construction works in Romania increased by 6.6% as gross series in the first eight months of 2022 compared to the same period of 2021, as it results from the FRD Center analysis.
Romania will benefit of 29.18 bn EUR European funding through the National Recovery and Resilience Plan (NRRP).
One of the sectors to receive funding through the NRRP is the Romanian microelectronics sector. They will receive 500 mEUR to develop a strategic program of research and production of microchips and semiconductors in Romania.
What are the opportunities presented by the Romanian market to the foreign players looking to expand to Emerging Europe?
For tailor-made market research, target origination, strategic liaison with Decision Makers in Romania and the Emerging Markets in Europe, for targets search and deal origination feel free to contact the FRD Center team at email: europa@frdcenter.ro or tel: +4021 411 1459
Also through the NRRP, Romania receives 1.2 bn EUR for waste management projects and must implement the planned projects by 2026. One priority is the digitization of the waste management sector.
Romania has qualified professionals with Industry 4.0 skills and a developed IT infrastructure allowing the implementation of the latest technologies in the sector of the autonomous mobile robots.
Young Romanians participate at international competitions and win awards, such as the Delta Force team from the National High School of Informatics in Arad that won the big competition in Houston, USA in April 2022.
Romania ranks 10th among 132 countries for the ICT services exports (% total trade). It is one of the leading countries in the region in terms of BPO, ITO and SSC.
Major global companies opened centres in Romania for R&D, business services, custom software development etc.
What are the opportunities presented by the Romanian market to the foreign players looking to expand to Emerging Europe?
In respect to agriculture, Romania is one of the largest players in Europe, with the utilised total agricultural surface of around 14 million hectares.
In the 2021-2022 commercial year Romania was the largest maize exporter of the EU and the second-biggest wheat exporter of the EU.
Furthermore, Romania was the largest sunflower producer in the EU in 2021.
What are the opportunities presented by the Romanian market to the foreign players looking to expand to Emerging Europe?
Within the National Programme for the rehabilitation of the irrigation infrastructure, the Romanian Government approved in August 2022 allocations from the national budget of 1.5 bn EUR by 2027, with the target is to increase the irrigated surface of Romania from 1.8 million hectares to 2.6 million hectares.
According to Eurostat, with a production of 2.5 million of bicycles in 2021, Romania is the second largest manufacturer of bicycles in the EU.
Why would you choose to relocate or to expand your business to Romania? Are you looking to expand to Romania and the region and buy a relevant local player? Perhaps the FRD Center can be of assistance to you.
What are the sectors of potential Opportunities for Market Expansion, Trade and Investment in Romania in 2022?
According to the FRD Center analysis, the sectors of interest are:
1 – DIGITALIZATION IN ECONOMY: agriculture, waste management
2 – INDUSTRY 4.0 AND ROBOTICS: players, investments and developments
3 – INDUSTRIAL MANUFACTURING: players, investments and developments
4 – AGRICULTURAL TECHNOLOGY AND IRRIGATION: imports, investments and developments
5 – OIL & GAS: extraction, production, export, engineering, players examples
6 – BPO AND SOFTWARE DEVELOPMENT OUTSOURCING: players, investments and developments
7 – MICROELECTRONICS AND MICROCHIP PRODUCTION: players, investments and developments
For more details consult the link https://www.frdcenter.ro/wp-content/uploads/2022/11/MARKET-EXPANSION-TRADE-INVESTMENT-OPPS-IN-ROMANIA-2022-FRD-Center.pdf
What are the opportunities presented by the Romanian market to the foreign players looking to expand to Emerging Europe?
Agriculture represents one of the most important economic sectors in Romania and it offers significant digitalization opportunities. The agricultural sector has potential to grow through the digitalization of certain processes and the implementation of technology in machinery.
Romania receives 1.2 bn EUR for waste management projects through the National Recovery and Resilience Plan and must implement the planned projects by 2026. Approximately 14,000 digitized underground ecological islands are expected to be installed for the selective collection of household or packaging waste, which can be monitored by authorities from a distance.
For more details about the Romanian digitalization development consult the link https://www.frdcenter.ro/wp-content/uploads/2022/11/MARKET-EXPANSION-TRADE-INVESTMENT-OPPS-IN-ROMANIA-2022-FRD-Center.pdf
Regarding the healthcare system digitalization, Romania targets to strengthen the telemedicine, to improve the digital infrastructure of the healthcare units, the mobile patient monitoring systems and the technical assistance for the development and integration of the digital health solutions.
The Ministry of Health announced in October 2022 investments of over 200 mEUR for the hospitals’ digitalization in Romania through the National Recovery and Resilience Plan.
What are the opportunities presented by the Romanian market to the foreign players looking to expand to Emerging Europe?
The Romanian industry benefits from qualified professionals with Industry 4.0 skills. The major universities in Romania, such as the University Politehnica of Bucharest and the Technical University of Cluj Napoca, have faculties of industrial engineering and robotics. Romanians participated at various international competitions and won awards. One example is the Delta Force team from the National High School of Informatics in Arad that won the big competition in Houston, USA in April 2022.
For more details about the Romanian Industry 4.0 development consult the link https://www.frdcenter.ro/wp-content/uploads/2022/11/MARKET-EXPANSION-TRADE-INVESTMENT-OPPS-IN-ROMANIA-2022-FRD-Center.pdf
In spite of the problems generated by the energy prices in Europe, the manufacturing industry in Romania increased by 0.2% as gross series in H1 2022 compared to H1 2021, according to the National Institute of Statistics.
According to the National Institute of Statistics, the turnover in the manufacturing industry in Romania increased by 23.6%, in nominal terms, in the first eight months of 2022 compared to the same period of 2021. Furthermore, the new orders in the manufacturing industry increased by 18.9% in the first eight months of 2022 compared to the same period of the previous year.
For more details about the Romanian Manufacturing Industry development consult the link https://www.frdcenter.ro/wp-content/uploads/2022/11/MARKET-EXPANSION-TRADE-INVESTMENT-OPPS-IN-ROMANIA-2022-FRD-Center.pdf
Within the National Programme for the rehabilitation of the irrigation infrastructure, the Romanian Government approved in August 2022 allocations from the national budget of 1.5 bn EUR by 2027. The target is to increase the irrigated surface of Romania from 1.8 million hectares to 2.6 million hectares.
For more details about the Romanian Agribusiness Sector development consult the link https://www.frdcenter.ro/wp-content/uploads/2022/11/MARKET-EXPANSION-TRADE-INVESTMENT-OPPS-IN-ROMANIA-2022-FRD-Center.pdf
Romania has a history of over 160 years in the crude oil production and refining. Currently most of the fields are matured but the recent gas discoveries in the deep waters of the Black Sea indicate significant potential.
There are various companies specialised in engineering services in the oil and gas industry on the domestic market, both with Romanian and foreign ownership. Some relevant examples are: CIS Gaz, Saipem, Adrem Engineering, Raptronic Process Engineering, Roconsult Tech etc.
For more details about the Romanian Oil & Gas Sector development consult the link https://www.frdcenter.ro/wp-content/uploads/2022/11/MARKET-EXPANSION-TRADE-INVESTMENT-OPPS-IN-ROMANIA-2022-FRD-Center.pdf
The Romanian software outsourcing is attractive for players looking for a convenient geographic location in Eastern Europe, growing economy, stable political and banking systems, developed IT sector, extensive talent pool, tech expertise, language skills and high-quality services at reasonable costs.
For more details about the Romanian BPO and Software Development Sector consult the link https://www.frdcenter.ro/wp-content/uploads/2022/11/MARKET-EXPANSION-TRADE-INVESTMENT-OPPS-IN-ROMANIA-2022-FRD-Center.pdf
The Romanian authorities target to develop a national ecosystem in microelectronics that includes large companies, SMEs, national development centres and universities to be able to provide the necessary products for the automotive industry and other sectors of the economy.
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