Home / Knowledge / News / Textiles / Domestic business still attractive to German investors
Domestic business still attractive to German investors
03
Jul '08
Germany turned out to be the main commercial partner of Romania as of last June and superseded Italy which was so far its largest client. Trade between the two has grown considerably in the last few years and has since been on an upward trend.

Even the future looks very optimistic as investors have evinced greater interest in Romania due to the newly acquired EU accession of the latter which offers extra guarantees and brings the most amounts of benefits to Germany.

What makes Romania such an attractive investment destination is the fact that the country offers immense opportunities and assures quality in sphere like infrastructure, energy and agriculture. Presently, Germany is contemplating on various avenues of cooperation so that real potential between the two countries can be fully explored.

However, one of the emerging problems faced by the German investors is that labor force in Romania is not cheap anymore, and now they would have to pay higher wages to get quality work.

As a result, investment in the textile industry of Romania has gone down drastically and has flowed into other fields instead. Another concerning fact was that of widening trade deficit of Romania, which experts suggest can be eased by intensifying exports.


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search