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Thursday, August 11, 2005

Investors move to Romania and Bulgaria

A nice articole today about the investments in Romania and Bulgaria. You can read it here, on Business Week's website.

Some excerpts:

"The Baneasa development, one of the largest of its kind in the region, will include more than 3,000 houses, a business park and a large commercial district, developers say. It is expected to create 10,000 temporary jobs and space for 25,000 permanent jobs."

"Bucharest mayor Adriean Videanu announced plans last week to annex dozens of surrounding villages to spur similar developments. The project would give the crowded city space to grow, while modernizing the undeveloped surrounding area, Videanu said."

"Romania has a great future in development," said Andreas Wiennen, general manager of the German-based auto parts maker Eckerle Group, which opened a new factory in 2003 in the Transylvanian city of Cluj.

Let's hope the investors will really take this step. Statistics say hey are.

Posted by Mihai : 8/11/2005 05:00:00 pm