What are some of the Opportunities to be expected in 2024?

As we approach the end of 2023 we are considering the?Opportunities for Market Expansion, Trade and Investment in Romania in 2024.

Romania is a strong democracy and the second largest market in Emerging Europe, after Poland. Are you looking to expand to Romania and Eastern Europe? Perhaps the FRD Center team can be of assistance to you. Email us at?[email protected]?with your own requirements for local assistance.

For almost 10 years, Romania has been a NATO member-state and a full EU member since 2007.?

It has a strong industrial manufacturing sector, oil & gas industry, agriculture, superb IT & software development. It has several maritime ports, considerable logistic sector and strong ship-building industry.

In regards to the current market expansion and investment opportunities up-dates, here are more details in the FRD Center analysis at this link:? https://www.frdcenter.ro/wp-content/uploads/2024/01/MARKET-EXPANSION-TRADE-INVESTMENT-OPPS-IN-ROMANIA-2024-FRD-Center-1.pdf

SECTORS OF INTEREST in this report are:

1 – building and construction in Romania

2 – public and private hospitals investments?in Romania

3 – Romanian industrial manufacturing and metalworking?

4 – animal farming development?in Romania

5 – energy efficiency, photovoltaic, cogeneration, biofuels?in Romania

6 – Romanian BPO and software development outsourcing

7 – circular economy, recycling, waste management?in Romania

For more details consult the link https://market-entry-romania.blogspot.com/2023/12/opportunities-for-market-expansion.html

What do you know about Going Global to Romania? International expansion to Emerging Europe can be an opportunity worth considering. Nevertheless it requires careful preparation, reliable market assessment from a trustworthy and reputable market research firm, such as FRD Center.

According to the official data published by the National Bank of Romania, the foreign direct investments in Romania reached 5.060 billion EUR in the first nine months of 2023.

What are the?Opportunities for Market Expansion, Trade and Investment in Romania in 2024??

For more details consult the link https://market-entry-romania.blogspot.com/2023/12/opportunities-for-market-expansion.html

As for the GDP, it increased y-t-y by 1.1% as gross series in the first nine months of 2023. It is expected to record a real growth rate of 2% in 2023, according to the National Commission for Strategy and Prognosis.

Are you looking to expand to Romania and Eastern Europe? Perhaps the FRD Center team can be of assistance to you. Email us at [email protected] with your own requirements for local assistance.

For over 23 years, FRD Center has been assisting foreign companies identify opportunities for Market Expansion, Trade and Investment?in Romania and other Central and South Eastern European countries.?

In spite of the the war in Ukraine, international players have been developing their operations in Romania.?

For example, over the last three years, Unilever invested EUR 48 mEUR in their Ploiesti Food Factory, expanding it from 6,000 sqm to 17,000 sqm. It is now one of the most modern Unilever facilities in Europe and, starting with 2024, it will focus exclusively on food production.?

According to the official data published by the National Bank of Romania, the foreign direct investments in Romania reached 5.060 billion EUR in the first nine months of 2023.

What are the?Opportunities for Market Expansion, Trade and Investment In Romania in 2024??

As it results from the FRD Center analysis, in the first nine months of 2023 compared to the same period of the previous year, the turnover in the manufacturing industry in Romania increased by 1.8% in nominal terms, while the new orders in this sector rose by 4.9%.

Are you looking to expand to Romania and Eastern Europe? Perhaps the FRD Center team can be of assistance to you. Email us at?[email protected]?with your own requirements for local assistance.

For over 23 years, FRD Center has been assisting foreign companies identify opportunities for Market Expansion, Trade and Investment?in Romania and other Central and South Eastern European countries.

For more details consult the link https://market-entry-romania.blogspot.com/2023/12/opportunities-for-market-expansion.html

In regards to the manufacture of computers, electronic and optical products in Romania, according to the FRD Center analysis, in the first nine months of 2023 it recorded a y-t-y growth as gross series of 10.4% while the manufacture of road transport vehicles, trailers and semi-trailers increased by 5.4%.

The volume of the construction works in Romania increased by 6.6% as gross series in the first eight months of 2022 compared to the same period of 2021, as it results from the FRD Center analysis.

Romania will benefit of 29.18 bn EUR European funding through the National Recovery and Resilience Plan (NRRP).?

One of the sectors to receive funding through the NRRP is the Romanian hospital sector. They will receive 1.7 bnEUR to develop the hospital infrastructure and 400 mEUR for the digitalization of the healthcare system in Romania.

What are the?Opportunities for Market Expansion, Trade and Investment In Romania in 2024??

Also through the NRRP, Romania receives 1.3 bn EUR for waste management projects and must implement the planned projects by 2026. One priority is the digitization of the waste management sector.

Romania has qualified professionals with Industry 4.0 skills and a developed IT infrastructure allowing the implementation of the latest technologies in the sector of the autonomous mobile robots.?

According to Eurostat, with a production of 2.6 million of bicycles in 2022, Romania is the second largest manufacturer of bicycles in the EU.

Are you looking to expand to Romania and Eastern Europe? Perhaps the FRD Center team can be of assistance to you. Email us at?[email protected]?with your own requirements for local assistance.

For over 23 years, FRD Center has been assisting foreign companies identify opportunities for Market Expansion, Trade and Investment?in Romania and other Central and South Eastern European countries.

According to the Global Innovation Index 2022 of the World Intellectual Property Organization, Romania ranks 11th among 132 countries for the ICT services exports (% total trade).

Romania is one of the leading countries in the region in terms of BPO, ITO and SSC. Major global companies opened centres in Romania for R&D, business services, custom software development etc. According to the Association of Business Service Leaders, Romania ranks 2nd place in Europe and 6th place worldwide among countries operating in the business services industry.

What are the?Opportunities for Market Expansion, Trade and Investment In Romania in 2024??

In respect to agriculture, Romania is one of the largest players in Europe, with the utilised total agricultural surface of around 14 million hectares.

In the 2022 - 2023 commercial year, Romania was the second-biggest grain exporter of the EU.

In regards to the current market expansion and investment opportunities up-dates, here are more details in the FRD Center analysis at this link:?

https://www.frdcenter.ro/wp-content/uploads/2024/01/MARKET-EXPANSION-TRADE-INVESTMENT-OPPS-IN-ROMANIA-2024-FRD-Center-1.pdf

SECTORS OF INTEREST

1 – building and construction

2 – public and private hospitals investments

3 – industrial manufacturing and metalworking

4 – animal farming development

5 – energy efficiency, photovoltaic, cogeneration, biofuels

6 – BPO and software development outsourcing

7 – circular economy, recycling, waste management

Within the National Programme for the rehabilitation of the irrigation infrastructure, the Romanian Government approved in August 2022 allocations from the national budget of 1.5 bn EUR by 2027, with the target is to increase the irrigated surface of Romania from 1.8 million hectares to 2.6 million hectares.

The National Strategic Plan 2023 - 2027 - Investments in Agriculture has a budget of 1.7 bn EUR for 2023 in Romania. Examples of relevant funding lines are: investments in zootechnical sector, modernisation of the irrigation infrastructure, purchase of agricultural machinery for the vegetal sector, support for setting up young farmers, investments in small farms.

In regards to the current market expansion and investment opportunities up-dates, here are more details in the FRD Center analysis at this link:?

https://www.frdcenter.ro/wp-content/uploads/2024/01/MARKET-EXPANSION-TRADE-INVESTMENT-OPPS-IN-ROMANIA-2024-FRD-Center-1.pdf

Are you looking to expand to Romania and Eastern Europe? Perhaps the FRD Center team can be of assistance to you. Email us at?[email protected]?with your own requirements for local assistance.

For over 23 years, FRD Center has been assisting foreign companies identify opportunities for Market Expansion, Trade and Investment?in Romania and other Central and South Eastern European countries.