Business Opportunities in Romania: Market Overview (2019)
Our country has enjoyed considerable growth over the past few years and investors, both at home and abroad, are discovering that Romania is one of Europe’s most attractive places to do business.
Romania is a market with vast potential, and excellent strategic location, with a challenging business climate with many opportunities. Its economy is among the EU’s fastest growing. While this growth is primarily driven by consumption, the business is growing in nearly every sector. From our thriving and globally important IT sector to the boom in real estate, the opportunities are many for those seeking the best returns.
The risk of writing an annual update about economic conditions in Romania— or in any market for that matter — is that conditions may not vary much from year-to-year, and that might have been the case with Romania. However, this is a risk that we will gladly take, for as you will learn when reviewing our report, conditions in Romania continue on the track from very good to even better.
While, in 2018, Romania had a GDP increase of 4.1%, in 2019, Romania is forecast to have a GDP increase of 4%. This means that in the sectors that we discuss below, Romania will remain an attractive investment locale because of its growing domestic market as well as its ability to provide goods and services competitive in the global economy.
Of course, as a law firm dedicated to serving businesses and investors in Romania, these prospects excite us. While all of us are too experienced to buy into any claim of a “sure thing” or “can’t miss” investment, with prudent investment strategies and sound local guidance (that’s where we can help), investors can act with a level of confidence will help them to sleep soundly at night.
Please give our Market Overview, Romania, and our firm a careful look. We believe that our nation and our firm have a lot to offer for those who want to share in our enterprises. Please contact me or my very capable colleagues about any questions you have about investing and operating in Romania. We are here to help, and we look forward to hearing from you.
Head of Corporate and M&A