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No sector without Austrian companies in Romania

Autor: Andreea Mioara Neferu, Cristina Roşca

26.10.2010, 00:01 38

Austrian companies are still interested in Romania, despite theeconomic hurdles the country is still facing, but they wantincreased transparency from authorities, as well as steps tomodernise infrastructure.

"Each day six Austrian firms are looking at the Romanianbusiness environment," stated Rudolf Lukavsky, the commercialadvisor of Austria's Embassy in Romania about a month ago."Virtually, there is no field where Austrian firms should notoperate in Romania".

At present, in Romania there are 5,830 Austrian-held companies,of which 1,000 are active Austrian investors. These companies havecreated around 100,000 jobs domestically. The respective companiesinvested 500m euros in Romania last year, and the officials ofAustria's Embassy in Bucharest expect a similar value ofinvestments this year, too.

The total investment amount, namely the overall investmentsAustrian players have operated in Romania after 1990, stands at10bn euros, or 20% in total investments carried out in Romania inthis period. Austria thus leads in the ranking of foreign investorsin Romania.

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