North-Western region of Romania – ideal place to do business for foreign companies

According to a recent study by Forbes Best Cities 2018 out of the top 10 best cities for business in Romania, 7 is located in the West and the Central area of the country. The ranking is as follows: Bucharest, Timisoara, Cluj Napoca, Brasov, Arad, Constanta, Alba Iulia, Oradea, Sibiu, Iasi. Five of the criteria the study relies on are quantitative: regional GDP, GDP per inhabitant, average salary, unemployment and investments.

The other five criteria include the presence of infrastructure, residential reserves, business poles, educational facilities with an impact on the labor market and the openness of authorities towards investors.

The region of Arad and Timisoara is an important strategic point, an economic hub, a meeting point for Western Europe with Southeastern Europe. Both cities have an international airport, good infrastructure and accessibility thanks to the closeness of the Trans-European Transport Networks (TEN-T) and A1 motorway. Plus, they are only 40 minutes apart (on the motorway).

There is a very well-equipped exhibition center in Arad, Arad Expo, which is the second largest in the country. The complex has 3 exhibition halls and numerous conference rooms, a suitable venue for Romanian and foreign companies to meet for discussing business. This location offers viable and tested solutions for parking, connection to water / sewerage network, logistical problems regarding unloading / loading of exhibits.

The region offers many possibilities not only for businessmen but also for tourists as it is one of Romania’s most important thermal – SPA – touristic area.