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Romania

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Last reviewed: 03 September 2009

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TRADE AND INVESTMENT

Trade and Investment with the UK

Since EU accession, there has been growing interest from UK business in Romania.  Major factors included; access to European funding and the potential offered by the second largest market in the CEE region after Poland.  The increasing availability of low cost flights also helped support this trend.

Over €4 billion of investment and more than 4000 UK companies placethe UK as Romania’s 10th largest inward investor (April 2009).  An accurate figure for FDI is however difficult to estimate as some investments may be done through companies registered in other countries for fiscal reasons.  Investment fund activity has seen major growth and accounts currently for over over €1.2 billion.  Bilateral trade accounted over €2 billion in 2008.  

The British Embassy in Bucharest facilitates this through such initiatives as regional visits in both the UK and Romania to identify business opportunities and find potential investors/trade partners; hosting trade missions to Romania; encouraging partnerships between regions and cities in the UK and Romania and working with the British Romanian Chamber of Commerce, and through its own British Business Group, to support present and future investors in Romania.  A high number of British companies benefit  yearly of UKTI services in Romania and long term partnerships between Romanian and UK companies are being created with the team support.



Priority Sectors


UK Trade and Investment supports three priority sectors (Ports, Rail and Water) and two opportunity sectors (Airports and Financial and Legal Services).  These are kept under regular review.  Additional important areas include agriculture (including agri foods), education & training, oil and gas, engineering, power (including renewable energy), construction, security.

Key investment sectors to date

Consulting (ARUP, Atkins, EC Harris, Halcrow, Hyder, Mott MacDonald, Pell Frischmann, RSK, Waterman Int, WYG, WSP), Energy (Aurelian Oil), Power (ABB, Aggreko, AMEC, Parsons Brinckerhoff), Oil & Gas (Melrose Resources, BP), Infrastructure & Construction (Mivan Development, Gleeds, Kier International, Chapman Taylor, Leach Rhodes Walker, YRM), Software (Endava), Agriculture (PIC, BOCM Pauls), Aerospace (BAE Systems), Security (G4S), Financial & Legal Services (Aviva, Provident Financial, RBS, Allen & Overy, Eversheds), Engineering (HI-LO Storage), Telecoms (Vodafone, Regenersis), Property (Dawnay Day, North Real Estate, Cheyne Capital Management, Willbrook Management), Food & Drink (Cadbury, Halewood), Pharmaceuticals (GSK) and manufacturing (EIMCO, Fusion, JCB, Vitafoam).  The UK is also active in the retail sector with names like Boots, Debenhams, Mothercare and Next.

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Contacts

Romania, Bucharest, British Embassy

Address:

British Embassy, 24 Jules Michelet
010463 Bucharest, Romania

Telephone:

Visa (40) (21) 201 7300
Main (40) (21) 201 7200

Fax:

(40) (21) 201 7299 Chancery
(40) (21) 201 7317 Consular
(40) (21) 201 7315 Management
(40) (21) 201 7311 Trade Development

Email: Press.Bucharest@fco.gov.uk

Office hours:

GMT:
Mon-Thurs: 0630-1500; Fri: 0630-1400
(From last Sun Oct - last Sun Mar)
Mon-Thurs: 0530-1400; Fri: 0530-1300
(From last Sun Mar - last Sun Oct)

Local Time:
Mon-Thurs: 0830-1700; Fri: 0830-1600

Website: http://ukinromania.fco.gov.uk