Full Description
Bratesti is set in an area of outstanding natural beauty & is located just ten minutes from the centre of Targoviste a historic & rapidly expanding town. Targoviste offers modern Supermarkets, Restaurants, Zoo, Museum & Park, situated on the main DN71 with easy access to Bucharest's international airport.
Targoviste - Rapidly expanding local economy
Targoviste has already attracted large multinational corporations including Orange, Vodaphone, Renault & Kaufland. This type of foreign investment brings employment & increased wealth to the local population, through increasing salaries & spending power.
Romania - Investment Continues to Grow
Statistics recently released from the Romania Central Bank show an impressive increase of foreign investment in the country during 2008. According to the Bank's figures, foreign direct investment (FDI) totalled €9.02 billion in 2008 up from €7.25 billion in 2007, an increase of almost 25%.
Romania's strategic position in the midst of central Europe, its skilled workforce and low labour costs remain key attractions for foreigners planning to set up in the country. In addition, corporate tax, levied at the flat rate of 16% in Romania, is one of the lowest in Europe.
2009 looks set to see continued inflows of FDI for Romania. The latest investors include Procter & Gamble who have opened another factory with an initial investment of US$50 million, an amount that is expected to double during the factory's 2nd stage; the Greek banking entities, Piraeus Bank and Banca Romaneasca, who have already opened a further 15 branches between them in 2009; and the Chinese tractor assembly company, Hozo-SHK Modern Agricultural Equipment due to set up in Brasov with an investment of €18 million and employment prospects of 500 people.
In late 2008, Renault established an auto engineering centre in Romania, the most important industrial plant in the country. Funds for this ambitious project run to €1.5 billion and have earnt Renault the accolade of ‘Foreign Investor of 2008'.
One of the main beneficiaries of high levels of FDI has been wages. Traditionally one of Europe's poorest countries, Romania's salaries are increasing in leaps and bounds. According to government statistics, gross average wages in December were 9.7% higher than those in the previous month's and year-on-year figures show a salary increase of a massive 17.6%.
Romania's FDI inflows for 2008 are impressive & investment looks set to continue 2009 in spite of the global economic slowdown.
Make An Enquiry »