Siemens to continue investing heavily in Romania

The German industrial group Siemens, which presented its major development avenues for the next decade in Berlin, this week, will continue to invest heavily in Romania. “We are very happy with the business we have so far developed in Romania. We have had positive responses from all our divisions and we will continue to invest heavily,” said Klaus Kleinfeld, chief executive and president of Siemens. Five percent of the 30,000 software developers of Siemens, over 1,500 people, currently work in Romania, while the turnover derived by the German group in this country stood at only 0.5% of the total, i.e. 350 million euros last year. The German group, whose business totalled 75 billion euros in 2005, has so far invested tens of millions of euros in Romania, where it has been developing software for cars since 2001, as well as electronic components and equipment for durable goods or for industrial use.