Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities.
Romanians are generally very welcoming of Americans and very favorable towards products and services from the U.S. Despite Romania’s challenges, several underlying attributes of its economy allow it to keep positive momentum in terms of economic growth and, ultimately, opportunities for trade. As an EU member state, Romania not only offers a sizable domestic market but also a comparatively low-cost foothold for accessing the entire EU market. The country’s location - bordering the Black Sea in Southeast Europe - provides a view beyond Europe and shortens the distance for export sales to Turkey, the Balkans, the Middle East, Ukraine, and Moldova.
The U.S. Commercial Service Romania believes that the best prospects for U.S. companies in Romania are in the following sectors, each of which is explored in greater detail later in this report:
• Energy, Oil & Gas, Renewable Energy
• ICT (Information & Communications Technology)