Business Review talked to Wlodzimierz Sadzik is counselor, head of the Trade and Investment Promotion Section of the Embassy of the Republic of Poland in Bucharest, to find out more about the economic relations between the two countries.
How close are Romania and Poland in terms of trade?
For many years Romania has been a very important economic partner for Poland. We have a long history of successful and dynamic cooperation. In 2015 our bilateral trade turnover amounted to a record value of more than EUR 4.5 billion. In 2016 our bilateral trade should exceed the historical value of EUR 5 billion. It means an increase of over 10 percent. Poland exports a wide range of goods to Romania including machinery and equipment, mineral products, agro-food items, furniture and many others. On the other side, Poland imports from Romania mechanical equipment, metal products, motor vehicles and spare parts, wood materials and many other products.
Our largest investors in Romania include: Maspex Tymbark (soft drinks and food products), Ciech (soda products), Profi (network of supermarkets), Can Pack (beverage cans), Pryszynski (roofing tales), Forte (furniture), Barlinek (wooden panels), Porta (construction woodwork, doors), Asseco (computer services), Orlen Asfalt (asphalt bitumen), Idea Bank (banking services), Kruk (financial services) and many others.
What are the benefits and challenges of the Romanian economy?
Every year more and more Polish companies are interested in entering the Romanian market. There are good prospects for further investments, not only in the industrial area, but also in the financial sector and services. Of course, we realize that Romania also has a lot of problems and still much to be done. The biggest barriers to further dynamic economic development are the large bureaucracy, unstable economic regulations, poor absorption of European funds, and lack of qualified employees in industrial sectors. But fortunately, in all these cases Romania is making a lot of progress.
How can Romanian firms team up with Polish companies?
There are a lot of possibilities for cooperation with Polish companies in such areas as automotive, electronics, biotechnology, renewable energy, the food sector and many others. We are ready to provide further information and assistance in this area. So we encourage Romanian companies to contact the Trade and Investment Promotion Section of the Polish Embassy in Bucharest.