Stroe added that there are over 600 companies and 203,000 employees on the local market, much lower than the growth potential of the Romanian market.
Last year, the Romanian auto sector registered EUR18 billion sales, out of which car parts manufacturing only accounted for EUR12.6 billion, representing approximately 12% of the country’s GDP.
Stroe participated, jointly with representatives of French companies operating in Romania, in several business meetings with potential French investors on the local market.
“The main benefit of today’s event is the attracting of other French investors from all categories to Romania. (…) There are favorable conditions for French companies to develop their businesses in Romania. The national park is of 6 million cars. If Romania had two-three sectors of this kind, there would be a different general level, that would impact the average citizen as well,” Stroe stated.
Constantin Stroe added that he is bothered by the fact that, despite the implementation of the “First Car” program, old car registrations are still sevenfold higher than new car registrations.