Friday, December 20, 2013

Areas of Foreign Investment in Romania for 2014

There are quite a few predictions available in the media for the main areas of investment in Romania by foreign investors, however mostly all specialists agree that agriculture, IT and outsourcing will be the main areas of interest for foreign investors in Romania next year. As a law firm with the vast part our clientele being foreign investors in Romania, Enescu & Cuc Law Firm has assisted over the last 10 years business people expanding into all mentioned areas with the purchase of Romanian agricultural land, IT and Communication as well as outsourcing companies setting up base in the country.

"The main argument for the interest in agriculture is the intention of foreign investment funds to purchase land and farms, but also for the cultivation. Romanian land offers major advantages to investors, because there are large areas of land that can be assigned organic crop area, which raises the price of the final product, "said in a statement Bogdan Badea, managing director Accace in Romania, in accordance to Mediafax.

Among the areas of interest next year, agriculture will attract the largest part of investment, but the percentage can not be estimated.

IT is also an area of ​​interest due to increasing demand for applications and software development, where Romania is regarded as one of the most mature markets for outsourcing.

One of the factors that attracted foreign companies lately, but that often goes unnoticed, is outsourcing. The reason for this is simple: the great ratio price - quality of services provided , simplified internal processes and increasing investor confidence in the local market by reducing the negative impact of fiscal unpredictability and taking administrative burden.

Analyzing the preparedness of Romania regarding foreign investment, the company shows the benefits to the countries in the region remain labor and operational costs low , while weaknesses are the bureaucracy that investors perceive as excessive taxation and lack of predictability.

NOTE: Enescu & Cuc is a law firm that maintains good professional relations to a multitude of European lawyers. One of these law firms is located in Belgium.

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