Industrial tradition of Banat
One of the features of the industrial
sector at the level of the West Region is the presence of nearly all branches
of industry: machine construction, automotive, ICT, electronic parts, wood
processing, mining industry, chemical industry, food industry, etc.
In 2012, in West Region 42.622 companies were active. Share belongs to micro - enterprises (86.4%) and small enterprises (10.9%).
Source: NIS (2012), Statistical Yearbook of Romania 2013
SME activity was affected by the economic crisis this fluctuation being noticed on the main indicators.
During 2008-2011 regional GDP grew significant, reaching in 2011 to 55.290 million lei calculated at current prices. The regional GDP constantly attended by around 10% to national GDP.
Source: NIS, (2011), Romanian, Regional National Accounts 2002-2013
In 2011 the largest contribution to regional GDP in the West Region was Timis with 49%. Follows Arad (22%), Hunedoara (17%) and Caras-Ceverin,with a share of 12%.
Source: NIS, (2011), Regional National Accounts 2002-2013
According to Eurostat, GDP per inhabitant in 2011 in West Region was 54 euros, higher than the level of Romania, 48 Euro. The highest GDP was recorded in Bucharest-Ilfov Region (122 Euro), thus exceeding the 75% threshold set by the Convergence objective and the minimum value was recorded in the North-East Region (29 Euro).
Source: Eurostat, 2014
17/10/2018 / “Open4Business” Matchmaking Event, 4-6 October 2017, Pécs, Hungary
03/08/2017 / “Match4Industry Business Matching Event”, 6th ed., Matchmaking Event, 2-3 November 2017, Kocaeli, Turkey
31/07/2017 / “EU-China Business & Technology Cooperation Fair”, Conference and Matchmaking Event, October 24th - 31st 2017, Beijing, China
11/07/2017 / “Business Internationalization Forum”, Conference and Matchmaking Event, November 3rd 2017, East Sarajevo, Bosnia and Herzegovina
An exclusively assisted RDA West project, HUF Romania was established in the first part of 2006 at West Industrial Area Arad location. RDA West prepared the first visit in West Region Romania of the t...