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Viennese waltz continues on Romania’s economic stage

With Austria the second largest investing country in Romania, H.E. Michael Schwarzinger, the Austrian Ambassador to Bucharest, tells The Diplomat – Bucharest that investors from the Central European country are here to stay, but points the finger at the public sector’s lack of transparency. By Magda Purice

November 2011 - From the Print Edition

Last year was a difficult year, but Austrian companies kept expanding, especially in the fields of industry and retail,” H.E. Michael Schwarzinger, Austrian Ambassador in Romania, tells The Diplomat – Bucharest during an interview at the embassy, a cozy villa in the center of Bucharest, which has housed Austrian Ambassadors to Romania for the past 60 years. The diplomatic and economic relationship between the two countries has produced direct investments of EUR 9.2 billion, 18.1 percent of the o...

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