With a GDP increase of 7 percent in 2017, Romania is poised to remain among the European Union member states with the highest economic growth rates in 2018 as well. Moreover, after taking over the presidency of the Council of the European Union in the first semester of 2019, Romania will be in a position to make its mark on the global stage. The local economy has remained on the radar of foreign investors resulting in fresh inflows of around EUR 4.5 billion in 2017. This figure is set to remain rather constant this year, according to analysts. In the Ease of Doing Business report of the World Bank, Romania was ranked 45th out of 190 global economies surveyed, ahead of fellow EU member states such as Italy, Hungary and Bulgaria. Moreover, multinational companies have continued to create jobs and invest in local operations, while also supporting a burgeoning network of smaller firms as suppliers, which, in turn, created business opportunities for local entrepreneurs. Against this backdrop, Business Review organizes the fifth Foreign Investors' Summit, which will bring together the main foreign business communities for a series of panels, dedicated workshops and keynote speeches in a bid to map Romania's business future. You are invited to join us and discuss the opportunities entailed by Romania’s growth with top-level Romanian and foreign, service providers, high-ranking public officials and key decision makers!
This is a working agenda, please check back periodically for updates
Panel discussions, debates and moving-forward notes from decision makers, major actors and officials focusing on one main topic: improving how business is done.
•Strategic avenues for Romania's growth path in the next years
•The advantages of the local economy compared to countries the region
•Private sector’s perspective on Romania's main business challenges (HR, taxes, rule of law)
•Policymakers’ perspective on economic development
•Future FDI generators in Romania
•Emerging industries with significant business potential on the local market
•Foreign investors’ perspectives on the advantages/challenges of doing business in Romania
•State programs that can increase Romania’s attractiveness for foreign investors (state aid, EU grants)
•Technology transfer models and elements in the university-industry collaboration
•How large international groups create opportunities for local firms
•The role of multinationals in Romania’s economy
•The potential of the local economy to attract new multinational players
The second day will highlight Romania’s competitive edge in its bid to attract foreign investment, with a focus on the country’s potential to become an energy hub, the attractiveness of the real estate market and expansion potential of homegrown technology companies.
•The potential of Romania’s Black Sea gas reserves and the impact of the new Offshore Law
•Romania’s strategic position at the crossroads of energy infrastructure/resources
•Gauging the energy investment needs of Romania
•Romania's potential to become a regional energy hub
•The most attractive property markets in Romania
•Drivers of real estate investments on the local market
•What it takes to bring Romania’s real estate market over the EUR 1 billion investment threshold
•Trends in residential/office/retail/industrial developments
•Making Romania more attractive for R&D intensive companies
•Digitalization journey for local companies
•The growth patterns of Romania’s IT sector – its role as driver of economic growth
•Romania becoming more attractive for tech giants – how to consolidate this trend
•How to speed up the development of physical infrastructure in Romania
•Legal and funding solutions for efficient infrastructure investment
•The transportation industry’s approach to the slow pace of infrastructure development
•The political and economic case for sustainability
•The potential of the circular economy to help Romania’s development
•Trends in waste management and their business implication
•The role of technology in helping Romania meet recycling targets
Third day of the Foreign Investment Summit will take a look at the kind of growth companies need to achieve and the means to achieve that. We’re discussing about the collaboration between corporations and startups that has become crucial for innovation and growth; we’re also acknowledging the Romanian star cities who’ve taken a lead in attracting investments and discuss best practices. As an important ingredient in Romania’s growth, we’re taking a look at the Romanian entrepreneurial ecosystem and its readiness and urge to play internationally.
•Multinationals are embracing the startup attitude – what it means for innovation
•Boosting the role of incubators, accelerators, universities and other higher education institutes in the Romanian entrepreneurial ecosystem
•Large companies’ role in boosting the local entrepreneurial scene
•How local policies can help cities become more attractive for large investors
•Patrulaterala Vestului - Four cities in Romania partner up to develop large-scale projects in multiple sectors
•Success stories of collaboration between municipalities and private investors
•Industries ripe to generate regional champions
•How local authorities can overcome the challenges of the past and prepare the city for the future
•Why is it important for Romanian companies to start growing into international ones and what it takes to get there.
•A closer look to those who’ve done it: lessons along the way.
•Challenges and opportunities: what are the main advantages and what are some of the challenges of tapping new markets?
•How do you test product market fit in new markets