The most profitable business sectors in Romania
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Sign up for freeDid you know that the Romanian economy is one of the world’s fastest developing markets? As the largest country in south-eastern Europe, Romania is characterised by a rising GDP (gross domestic product), high-growth, and rapid investment. Also, it's a country that is rich in land and energy resources, being a strong manufacturing base with a low cost work force.
Are you planning to open a business in this Balcanic country? Then, you should definitely keep reading, as we have prepared for you a list of the most profitable business sectors in Romania.
There's no doubt that the most profitable business sector in Romania is the IT and software industry. And that, for good reason. Due to its educational system that favors technical skills, Romania is the 6th country in the world regarding the number of certified IT specialists per capita. The main academic centers are: Bucharest, Cluj-Napoca, Iași, Timișoara, Brașov, Craiova, and Sibiu.
Here you have a list with the best IT companies in Romania:
Do you want more information regarding this high developed sector? Here you have a detailed article about Romanian IT and Software Industry. Enjoy!
The second most profitable business sector in Romania is agriculture, which forms a central part of Romania’s economy. This sector does not cease to attract foreign investors to Romania due to the low costs of land and labor.
Depending on each type of activity, the investments can go from a few thousand euros in case of micro-farms or small primary processing units, up to million if one desires the purchase of large agricultural areas.
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As we all know, the automotive industry is in a continuous expansion. Therefore, the requirements for a product are increasing more and more. As this mega industry is changing with the “speed of light”, the necessity of talented people is required to ensure that the safety of the passengers is at the highest standard. For this reason, the main international automotive companies invest in Romania because the studies are showing that the labor is cheaper than in other European countries. In addition to this, in Romania has been built the first aerodynamic automobile having a ”falling drop” shape.
Investing in green energy could bring you substantial income. This is due to the relatively low costs of acquisition of land suitable for wind power or photovoltaics, in comparison with other EU countries. Another advantage for the investor is the lower costs of construction and authorizations. However, not everybody can start a business in this sector, as the amounts needed to start it are quite high, worth millions of euros.
Did you find the information useful? Would you like to learn more about business world in Romania? Then, don't hesitate to contact us - we are here to help you!