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
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