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Germany turned out to be the main commercial partner of Romania as of last June and superseded Italy which was so far its largest client.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

Courtesy: Trinity Kubassek from Pexels

Textiles | On 19th Aug 2018

Australian wool production to fall 5.7% in 2018-19

Shorn wool production in Australia is likely to fall by 5.7 per cent...

Courtesy: Next Level Apparel

Apparel/Garments | On 19th Aug 2018

Blue Point Capital recapitalises Next Level Apparel

Blue Point Capital Partners has recapitalised Next Level Apparel, a...

Retailers approaching 100% inventory accuracy: Study

Apparel/Garments | On 19th Aug 2018

Retailers approaching 100% inventory accuracy: Study

With computer vision use cases maturing, Artificial Intelligence (AI) ...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Tony Ward
Tony Ward

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search