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Wednesday, October 05, 2005

Germany Invests Big in Romania

Germany is currently the fourth largest investor in Romania, with 12,201 German companies operating in the country, totalling EUR 1,033M underwritten capital during 1991 - July 2005, according to the National Trade Registry Office data.

The Romanian market has become a favoured target for German companies to expand to, particularly considering that Romania is close to the 2007 European Union accession date, which will turn the country into a strategic investment location in South Eastern Europe.

Investments carried out by German companies in the local market account for approx. 8.6 per cent of the total contribution to capital by international companies.

The Germans hold key positions in the Romanian industries, starting from retail, automotive component production and going on to acquisitions in the energy and financial sectors.

After companies such as HVB, Metro, RWE, Praktiker, Carpatcement, Continental opened businesses in Romania a few years ago, the Germans included, in the “Romanian acquisitions” chapter, companies Distrigaz Nord and Electrica Moldova as well, through E.ON giant.

German company officials also target Electrica Muntenia Sud, as well as other companies.

I hope they are going to "invest" in an Oktoberfest soon. :)

Posted by Mihai : 10/05/2005 10:48:00 am