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Austria trusts Romania and seeks strong ties

Before ending his four-year mission in Romania in mid-September, Michael Schwarzinger, the Austrian Ambassador to Bucharest when the interview was conducted, discussed with The Diplomat's Alexandra Lopotaru the status of the second-largest foreign investor on the local market, with 11 billion Euro of injected capital, and stressed the links that tightened the two countries over the years

2014-10-04 12:45:32 - From the Print Edition

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With an overall foreign investment of 10.9 billion Euro in Romania (18.5 per cent of the overall FDI) at the end of 2012, Austria is the second largest investor in Romania, only behind the Netherlands, according to BNR data. By end of July 2014, there were 6,794 companies in the Commercial Register with Austrian capital, according to data provided by the Embassy of the Republic of Austria in Romania. However, not each of them represents an active investor. The Embassy estimates that roughly 1,00...

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