Our offices

Central and Eastern Europe have attracted strategic initiatives for many years. Its geographical location between Western Europe and Asia, its various political systems and aspects, as well as its intellectual richness give a strategic meaning to this part of the world.

Romania

Market information
 

  • Romania has been a Member of the European Union since 2007.
  • The main resources and agricultural products of the country are cereals, sugar beets and potatoes.
  • About 25% of the country is covered by forest (especially around Transylvania) and the logging industry is developing very fast.
  • Manufacturing companies and industry represent the backbone of the Romanian economy. Many foreign direct investments are made in heavy industry (metallurgy, steel), manufacture of parts for vehicles, building and construction, petroleum refining and textiles.
  • New technologies have greatly developed in recent years thanks to the growing availability of highly skilled workforce whose wages are lower than the European average.

 

France is the fourth largest trading partner of Romania. The French-Romanian bilateral trade had a particularly positive year in 2013, which brought trade to 6.33 billion Euros (+ 9% compared to 2012). The structure and scope of bilateral trade is largely determined by the nature of French investments in Romania, mostly concentrated in the industry.

 

Strengths

  • Its attractiveness for foreign investors through a broad domestic market
  • Development prospects strengthened because of the integration with the European Union
  • Low weight of public debt
     

Weaknesses

  • A private sector debt
  • A corporate exposure to currency risk
  • A persistently high current account deficit

 

 

  FACT SHEET
Capital
Bucharest
Surface area
238 391 km²
Population
20 million inhabitants
Currency
Lej (LEU)
GDP Growth
3.8 % in 2015
Per capita GDP
10 161 USD in 2014
Corporate taxes
16 %
Social security contributions
39 %
Working week
40 hours / week
Paid leave
20 days / year
Country COFACE notation
B
Business environment
A4
French subsidiaries
6 505