Atrakcyjność inwestycyjna rumuńskiego miasta Timișoara
The investment attractiveness of the romanian city of Timișoara

Summary/Abstract: After the collapse of socialism in the Central and Eastern Europe economists and international institutions suggested that the key role in the transformation from the planned economy to the market economy should be played by Foreign Direct Investments (FDI). The purpose of this article is presentation of the role of FDI in the Romanian city of Timișoara. The city is the second most attractive to FDIs in Romania. Timișoara lies in the western part of the country. It belongs to the fastest developing cities in Romania. Local authorities have managed to attract many investors, mainly from Italy and Germany. They were attracted first of all by proximity to the Western Europe, low labour costs, highly qualified human resources, a large number of students and political stabilization. The inhabitants of this region are characterized by entrepreneurship and openness. Example of Timișoara also shows that the cultural affnity and the common heritage play a positive role in attracting investments.

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