The automotive industry has been one of the most profitable sectors of the Romanian economy in recent years and is currently going through a favorable period, with consecutive increases in the last years of new car purchases at local level. Many investors are establishing and developing more complex operations in Romania, thus shifting the focus of their employment policies from cheap labour, towards a highly skilled, diverse and globally competitive workforce.
The Romanian automotive industry includes two car producers, namely Dacia (part of Renault group) - Romania's top automotive company by revenue and the largest exporter, constituting 8% of the last year’s country's total exports - and Ford, and more than 400 car parts manufacturers, such as Porsche with its R&D centre for the region, Suzuki, Opel and others. In Romania, export represents the main lever of growth, with the number of exported cars significantly exceeding the number of imported cars each year, ensuring a significant trade surplus in the balance of payments.
Stratulat Albulescu Attorneys at Law understands very well the automotive market and has a driving ambition to assist the clients across every aspect of their companies’ operations. The automotive is one of our largest industry sectors.
Our team of lawyers understands the sector and knows how the clients’ businesses work. We partner with businesses of all shapes and sizes and we are known for our fair and transparent advice, tailored to the client’s unique situation. Our clients benefit from the experience of lawyers who have worked for many years in the automotive industry.