10 Reasons Why You Should Invest in Romania’s Cities

1. Access to Markets

Romanian cities have access to one of the largest markets in the World. As a point of comparison, Italy, one of Romania’s key trade partners, consumes more every year than all of India.

Source: World Bank

2. Fast Economic Growth

Romanian cities are the fastest growing in the EU.

GDP per Capita (PPP) Growth between 2000 and 2013

3. Rapidly Improving Connectivity

Romanian cities have one of the fastest improving connectivity rates in the World. Airport traffic has grown dramatically for most major airports in Romania, and almost every airport in Romania has benefited from investments and improvements in recent years. The highway network is growing too.

Passenger numbers for Romania’s main airports

4. Success Story

Companies have been thriving in Romanian cities. Firm revenues have been growing at a rapid pace in almost every major city in Romania.

Source: ListăFirme

5. Active Labor Force

Romanian cities have become increasingly attractive to migrants and commuters. Almost every city has a functional urban area (i.e., active commuter shed) that goes well beyond its administrative boundary, and the labor force is mobilized from a large territory.

6. Competitive Salaries

Average salaries in Romanian cities are competitive.

Source: Romanian National Institute of Statistics

7. Awesome Life

Romanian cities offer good quality of life and one of the lowest costs of living in the World. If you make 4500 pounds a month in London, you would need to make 1365 pounds in Romania to maintain the same standard of life.

8. Low Taxes

Romania has one of the lowest tax rates on the continent: the standard corporate tax rate is 16%, about half the tax you would pay in France, Germany or Italy. Fiscal incentives include tax exemption for the reinvested profit.

9. Substantial Public Investments

Romanian cities continuously invest in improving infrastructure and conditions for investors and people, and local administrations are increasingly responsive to the needs of investors.

Capital Expenditures between 2007 and 2015

Data: Ministry of Regional Development, Public Administration, and European Funds

10. Growing Urban Areas

With improvements in infrastructure, cities are becoming increasingly inter-connected, forming large urban networks and systems.

Source: Cities in ECA: A shifting story of urban growth and decline, Urban ECA team, World Bank, 2016-2017