SIMILAR ARTICLES

Brussels offers Romania four months to take measures to correct significant deviation of structural deficit

The European Council issued on Tuesday a new recommendation, at the request of the European Commission, based on the significant deviation procedure, with Romania being… Mai mult

9 ambassadors repeat: Venice Commission’s opinion is needed to amend laws on judiciary

The nine ambassadors who met on Wednesday with Minister Tudorel Toader shared their “concern over the draft laws on the reform of the judiciary discussed… Mai mult

Eurostat: Romania had second lowest tax to GDP ratio within EU, in 2016

In Romania, the ratio between the revenues that must be collected from taxes (including social contributions – tax/GDP ratio) and GDP was 26% in 2016,… Mai mult

Split VAT at the Chamber of Deputies: Dilemmas of all kinds. Thresholds for outstanding payments have increased 10 times, Budget Committee to resume debates on Monday

The Budget Committee of the Chamber of Deputies has increased ten times the threshold of the outstanding VAT obligations from which companies will automatically be… Mai mult

British Vitruvian Partners bought 30% of Bitdefender

Vitruvian Partners investment fund acquired about 30% of Bitdefender from Axxess Capital and becomes the second largest shareholder in the company, valued at over USD… Mai mult

File / Share of French investments in Romanian industry decreased compared to 2007. Investment in agriculture and utilities increased

de Adrian N Ionescu 28.8.2017

The share of direct investment (FDI) made by French companies in the Romanian industry fell from 56% of total French FDI in 2007 to 46% in 2014 and stabilized compared to the year of the global financial crisis, 2010 (44%).

In contrast, investment in utilities grew from nearly 0 to 13% and in agriculture, to 8%. French FDI amounts to a total of EUR 4.2 billion, according to the French Chamber of Commerce and Industry in Romania (CCIFER).

France is the fourth largest investor in Romania, in terms of FDI, with 7% of the total (the same as Cyprus), after the Netherlands (25% of the total FDI stock), Austria (14%) and Germany (12%), according to the date of Foreign Investors Council (FIC) and BNR.

*

  • Sectoral evolution of French FDI
  • – Transportation – IT&C – Utilities – Retail- Financial services – agri-food – Industry

*

“While French investments were focused in a balanced way in the early 2000s, on the industry, new technologies and transport, Romania’s accession to the European Union in 2007 marks an important change: 56% of the FDI stock is directed to the activity in the industry sector. This share progressively declines in the years of crisis and stabilized around 46% in 2014. Financial and insurance services have maintained over time a constant share of about a quarter of total investment, as well as the trade. The agri-food sector increases its share and reaches 8% in 2014, while investments in the IT&C sector do not exceed 2%,” says CCIFER.

Import & Export

Franco-Romanian trade reached EUR 7.4 billion in 2016, up 9.3% year-on-year.

France is the fourth largest exporter to Romania (EUR 3.6 billion in goods and equipment, rolling stock, chemicals, textiles) and the third largest importer (EUR 3.8 billion in rolling stock, goods and equipment, textiles).

Romania ranks though 27th among exporters in France and 28th among importers.

Evolution of bilateral Franco-Romanian trade

In the first five months of this year, Romania’s exports to France totalled EUR 1.809 billion, and Romanian imports – EUR 1.657 billion, according to the National Statistics Institute.

French companies in Romania

About 3,000 French-owned companies are active in our country and “most of the CAC 40 companies (index that includes the largest companies listed on the French stock exchange) are present on the Romanian market in the automotive sector, banking and insurance, distribution, pharmaceutical industry and energy sector,” according to the source mentioned.

By turnover, the most representative sectors for the French presence in Romania are, according to CCIFER:

  • Industry (EUR 8.6 billion), including Renault, Michelin, Faurecia, Valeo, Sanofi, Airbus)
  • Trade (EUR 5 billion, Carrefour, Auchan, Cora, Leroy Merlin, Decathlon)
  • Energy & environment (EUR 1.3bn; Engie)
  • Consulting & services (EUR 655 million; the CCIFER press release does not mention the predominant contribution of the financial services: BRD, BNP Paribas, credit Agricole, Groupama)
  • IT&C (EUR 360 million, Orange, Pentalog, Atos, Capgemini, Thales)

Most French-owned companies are small and “numerous SMEs and intermediate-sized companies that have followed the development of large French companies”, especially in the fields of:

  • Consulting & services – 610
  • Trade – 550
  • Industry – 520
  • Construction – 325
  • Real Estate – 225
Mergeți în homepage ›

Publicat la data de 28.8.2017

Lăsați un comentariu


NEWS

Brussels offers Romania four months to take measures to correct significant deviation of structural deficit

The European Council issued on Tuesday a new recommendation, at the request of the European Commission, based on the significant deviation procedure, with Romania being… Mai mult

Eurostat: Romania had second lowest tax to GDP ratio within EU, in 2016

In Romania, the ratio between the revenues that must be collected from taxes (including social contributions - tax/GDP ratio) and GDP was 26% in 2016,… Mai mult

9 ambassadors repeat: Venice Commission's opinion is needed to amend laws on judiciary

The nine ambassadors who met on Wednesday with Minister Tudorel Toader shared their "concern over the draft laws on the reform of the judiciary discussed… Mai mult

British Vitruvian Partners bought 30% of Bitdefender

Vitruvian Partners investment fund acquired about 30% of Bitdefender from Axxess Capital and becomes the second largest shareholder in the company, valued at over USD… Mai mult

Split VAT at the Chamber of Deputies: Dilemmas of all kinds. Thresholds for outstanding payments have increased 10 times, Budget Committee to resume debates on Monday

The Budget Committee of the Chamber of Deputies has increased ten times the threshold of the outstanding VAT obligations from which companies will automatically be… Mai mult

Competition Council: Food price increase could be caused by demand excess from budget deficit

The Competition Council started an analysis, following the request of the Ministry of Agriculture, to establish the causes of the accelerated food price increase this… Mai mult

Seizure of all Liviu Dragnea's assets to recover EUR 28 million in Tel Drum case

Liviu Dragnea at the exit of the DNA headquarters where he was expected by a group of supporters and another of protesters. DNA prosecutors have… Mai mult

Rompetrol saga, chapter about money: Government asks KazMunaiGaz to pay the historical debt and demand settlement of case in court

The extension of the memorandum between the Romanian state and KazMunaiGaz, the owner of the Rompetrol Group, will be discussed only after the company's historical… Mai mult

"Not only we have not died, we rank third in the world" - Government approved second budget amendment, deficit of 2.96% of GDP

The second budget amendment this year has been adopted at the government meeting on Wednesday. As the Finance Minister assures, this amendment is "positive", the… Mai mult

Mayors: Government to offset by state budget money municipalities’ losses following tax measures

Mayors accepted on Tuesday in the negotiations with Prime Minister Mihai Tudose and several cabinet members, the promises made by the government officials to partially… Mai mult

Competition Council, "worried" that municipalities are establishing their own companies

The establishment of own companies by local administration to manage the services at the local level is worrying for the competition authority, Bogdan Chiritoiu, President… Mai mult

Draft legislation on judicial system in Parliament – to be debated as a matter of emergency

The ruling coalition registered with the Chamber of Deputies on Tuesday the draft amendments to the three important laws for the judicial system: Law 303/2004… Mai mult

Negative opinion and analysis of Fiscal Council on tax changes. "Tax package" costs 5.2 billion, not planned at all

The Fiscal Council issued a negative opinion on the proposal to amend the Fiscal Code, according to the opinion published Friday on the institution’s website.… Mai mult

Negative opinion from CES for Tax Code changes, Government meeting postponed

The Economic and Social Council, a consultative body of the Parliament and the Romanian Government, issued a negative opinion on Tudose cabinet's draft amendment to… Mai mult

Doing Business 2018: It is easier to do business in Republic of Moldova than in Romania

Romania ranks 45th in the Doing Business 2018 ranking by the World Bank (WB), with a total score of 72.87 points, right under the Republic… Mai mult