Reasons to do business in Romania

Romania is located in Eastern Europe to the north of the Balkan Peninsula. It shares borders with Bulgaria (south), Ukraine (north), Hungary (west), Serbia (southwest), and Moldova (east). It also has an opening to the Black Sea (southeast). Romania has a predominantly temperate-continental climate. It’s size of 238,397 square kilometres (92,046 square miles) makes Romania the twelfth-largest country in Europe and the sixth-most populous member state of the European Union with approximately 19.6 million inhabitants (as of 2024). Its capital and largest city is Bucharest. Other major urban areas include Brașov, Constanta, Craiova, Cluj-Napoca, Galati, Iasi, and Timisoara.
The Danube, Europe‘s second-longest river, determines most of the southern border with Bulgaria and flows in a generally south-easterly direction for 2,857 km (1,775 mi), coursing through ten countries before emptying into Romania‘s Danube Delta. The highest mountain peak (Moldoveanu, 2,544 m/ 8,346 ft.) is found in the Carpathian Mountains, which cross Romania from the north to the southwest.

Romania boasts a skilled workforce with comparatively lower employment costs than its European counterparts. English proficiency is widespread, and the bilingual or trilingual population includes numerous highly educated young professionals. The country’s landscape is dotted with dedicated and innovative young entrepreneurs who are channeling their energy, passion, and resources into fostering growth. Bolstered by EU investments, these visionary individuals are establishing cutting-edge businesses in Romania, attesting to the country’s worthiness as an investment hub.

While Romania undergoes comprehensive development, certain sectors stand out as especially lucrative and appealing for investments. These sectors encompass: agriculture and farming, Information technology (IT), infrastructure, industry, education, tourism.

Romania’s landscape is adorned with natural riches, encompassing extensive agricultural expanses and notable mineral reserves like petroleum, natural gas, salt, coal, and gold. Vast tracts of fertile soil foster a robust and diversified food production. Within the EU, Romania stands as a major cereal producer and commands leadership in sunflower seeds, honey, and plum production. The country dedicates nearly 57% of its territory to agriculture, totaling around 13.5 million hectares.

Romania’s economy finds substantial support from its software sector within the IT industry. Encouragingly balanced, this sector garners significant foreign investment, particularly from Luxembourg, Germany, the Netherlands, Great Britain, and Cyprus. These players collectively account for around 53% of large software companies’ positive equity. Boasting over 110,000 IT professionals, the sector’s growth potential remains vast. To tap into this lucrative field, Romania presents unparalleled possibilities for investors.