The ambassador of Austria to Romania, Isabel Rauscher, says that the stock of Austrian investments in Romania stands between EUR 7.6 billion and EUR 8.3 billion.
“Geographical proximity, cultural and historical similarities between Austria and Romania all lead to a strong economic involvement and commitment to invest in Romania,” said the ambassador in the second day of the Country Focus Community Forum.
Rauscher added that there are over 3,000 companies with Austrian capital registered in Romania, employing more than 100,000 Romanians.
The bilateral trade between the two countries rose by over 9.1 percent between 2016 and 2017, said the ambassador.
“Romania has significant potential, and it is quite fascinating – remains attractive for Austrian investors,” said the ambassador, adding that the predictability and continuity in the legal framework, legal certainty are important factors for investors.