Growth sectors of the Romanian economy

If we analyze the economic situation, in the long term, Romania is an attraction for all sectors.

 

For the short term, the promising sectors are

the food sector,

the sustainable energy development,

new technologies,

infrastructure.

 

 

France is already present in Romania and the French multinationals are leaders in their sectors: Orange and Alcatel for telecommunications, GDF Suez for energy, BRD Société Générale in the banking sector, Automobile Dacia Groupe Renault and Michelin for cars, Group Lafarge for cement, Veolia in the environment, Alstom rail /energy, Carrefour, Auchan, Cora in supermarkets.

 

 

In the context of raising Romania’s economical level with the rest of the European Union, Romania beneficiated for the period 2007-2014 of 32 billion euro from EU funds. These funds are available to public authorities and businesses in order to:

  • increase the competitiveness of the economy
  • develop a policy of respect for the environment and sustainable development

  • develop public transport, investing in the training and development of human capital

  • develop the administrative capacity

  • strengthening regions (infrastructure, poles of development)

  • establish a national rural development plan

 

 

 The Food Sector 

In 2010, Romanian agriculture contributed to 6% of the GDP.

The food sector has strong investment opportunities in the processing and marketing of proximity. A big part of food products has now transformed into units located away, or even abroad, affecting the price of distribution and product quality.

The agriculture and distribution of organic products have a great potential, with the development of performance evaluation systems and the emergence of a local distribution market. Another focus axis in development it is represented by the services in rural areas, for improving the productivity and quality of life.

 

 New Technologies 

Opportunities of development :

  • the next industrial boom will be the digital sector
  • development of the service sector for the local market, with a strong need for modernization of equipment for companies 
  • the explosive evolution of the « call centers »

The great advantage of the sector is the presence of a highly skilled workforce. The most dynamic sectors are represented by the development of software and services, with a growth of 40% since 2000. The most developed regions are located in the west of the country (Timisoara, Cluj), with a pole emerging around Iasi. 

 

 Infrastructure 

The development of transport infrastructure is the top priority of the Romanian government for the years to come.

The annual growth rate of investment in infrastructure is estimated at 30% until 2013, Romania representing the market with the fastest growing in the region.

More than 100 urban infrastructure projects were submitted for obtaining EU funding, especially in the North East region. In 2011-2012, 20 million euro are invested by the government in infrastructure.

Regarding roads, 433 km of motorway are in progress and another 100 km will be launched in 2012, with a target of more than 800 km which will be available from 2015. 

In rail infrastructure, works are in progress to upgrade the trans-European corridor IV, with over 200 km started in 2011-2012. 

 

 The energy 

The energy sector in Romania is undergoing restructuring. In general, Romania has fared relatively well in Europe, being a country with a rather weak dependence on imports of energy resources (10th place from 27 countries).

According to Eurostat estimates, Romania imports approximately 30% of the energy it consumes and the development of the nuclear sector will lead to a substantial increase until 2015.

The government's priorities go to hydroelectric areas, thermoelectric and thermonuclear. An opening program of two new reactors at the Cernavoda NPP program is under development, as well as the construction of several hydroelectric generating units.

The renewable energy and modernization of the distribution network are highly topical, focusing on investors interests.