Austrian investors in Romania do not need support of Romanian state, but stability

Austrian companies last year invested 500m euros in Romania, and the officials of Austria’s Embassy in Bucharest expect a similar value of investments for this year.

The overall investment volume, namely the investments Austrian players have operated in Romania after 1990, stands at 10bn euros or 20% of the total investments carried out in our country during this period. Austria thus still leads in the ranking of foreign investors in Romania. In 2008, the top three positions were held by Austria, the Netherlands and Germany.
At present, there are 5,830 Austrian-held companies in Romania, of which 1,000 are active Austrian investors. These companies have created around 100,000 jobs domestically.
“Practically, there is no field at present where Austrian firms should not operate in Romania,” Austrian officials say. “These players do not want the support of the Romanian state, but a stable framework. (…) All the investors want to be able to plan for the long term and not to be facing sudden legal and fiscal changes.”