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de Vladimir Ionescu 6.3.2017

After Renault, Ford and Daimler, another big car manufacturer intends to establish an engine factory in Romania: the company is Mitsubishi, announces ProTV.

According to government sources quoted by the TV station, Romania competes with Hungary and Slovakia for an investment estimated at more than EUR 200 million. The news breaks when last year we reached the highest level of foreign direct investment in the last 8 years: EUR 4 billion.

Japan’s Mitsubishi went Wednesday to the Government to ask what Romania could offer them to establish here the turbine engine plant that they plan to build next year.

They set eyes on two area: one in Timis, the other in Prahova, according to sources. Both areas are nearby the already built highways, which would allow them to rapidly take their products to the West. In parallel, the Japanese are negotiating with Slovakia and Hungary, therefore they do not make any statements about their intentions for now.

Last year, Mitsubishi has been acquired by the Renault-Nissan concern. The experience of the French with Dacia could be decisive, but negotiations involve so far several incentives, benefits, tax exemptions- namely a state aid.

As it is a large investment, estimated at EUR 200 million, the Japanese would go after negotiations to the Ministry of Finance where the technical details would be put on paper, the Competition Council would send them to Brussels for approval and the state aid amounting to maximum 50% of the investment might be granted only after the approval of the European Commission.

Next week, Belgium’s Sonaca will open an aeroplane parts plant worth EUR 11.8 billion nearby Turda. Also, Japanese Roki opens a plant for automotive filters in Arad, and in the IT and services field, American Amazon announced their “assault” in Bucharest, where they are already hiring for the thousand jobs available.

Famous for their panoramic cameras, GoPRO also opens a local branch.

By figures, the foreign direct investment reached in 2016 the highest level in the last 8 years: EUR 4 billion, 22% more than in 2015.

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