- The International Monetary Fund (IMF) expects the Romanian economy to grow by 3.1% this year, aided by European Union funding, currency stability, and foreign investment, allowing it to outpace stagnating neighbors like Poland and Hungary.
- Romania’s growth is built on European Union funding, currency stability, and foreign investment driven in part by reshoring from Russia and Ukraine. The country has quietly closed in on its peers to become eastern Europe’s second-largest economy after Poland, according to Reuters.
- The country’s GDP per capita, taken as purchasing power, stood at 74% of the EU average in 2021, a 21% gain since 2010. In 1990, Romania’s GDP per capita stood at USD 5,277.5, while in 2021 it was at USD 35,869.6, according to the World Bank.
ROMANIA – THE MOST ATTRACTIVE COUNTRY IN TERMS OF SUPPLY CHAINS AND LOGISTICS ACROSS EUROPE
- of the investors are looking to invest in Romania in Supply Chains and Logistics – highest percentage in Europe.
- of the investors want to invest in Romania in Business Support Services – second at European level.
- of the investors want to invest in Romania in Manufacturing.
Source: EY Romania Attractiveness Survey 2022
The investors considered the following factors as the most important to invest in Romania:
- 61.8% – The safety and security measures put in place to cope with a possible future crisis
- 77.5% – Reliability and coverage of infrastructure
- 56.9% – Cost-competitiveness of the country
Source: EY Romania Attractiveness Survey 2022
- + 4,000 Km Core Ten-T European Road connectivity corridors
- + 2,000 km Ten-T Core European Rail Connectivity corridors
- + 1,000 km Ten-T Core European Water Connectivity corridor
BENEFITS OF PLANNING LOGISTICS EXPANSION IN ROMANIA
A-Class warehouse stock
+6,000,000 sqm
Logistic market growth
+15% y.o.y. for the last 5 years
Main hubs: Bucharest, Timisoara.
Developing Hubs: Arad, Oradea, Craiova
Regional catchment area map with Austria, Hungary, Croatia, Bosnia, Serbia, Bulgaria, Macedonia, Greece, Ukraine).
Within 1,000 km from the Romanian main logistic hubs there are 10 European capital cities and over 100 million people.
Now is the best moment to plan logistics expansion in Romania. For any information on the market contact us. We have the local expertise. Start planning!
Emilian Podaru, MRICS
Head of Industrial & Logistics
