Report: Romania's business services industry has room to grow but at slower pace

The local business services industry has potential for growth, even if it will see a slower pace because the market is a mature one and given the high regional and global competitiveness, according to a report carried out by the Association of Business Service Leaders in Romania (ABSL) in partnership with Deloitte Romania. Still, the elimination of tax incentives and the lack of a national education and training strategy may affect Romania's long-term attractiveness, ABSL said.

A series of factors could underpin the growth in the coming future. Currently, employees in the local business services industry make up 2.5% of the total active population, compared to 3.5% in the Czech Republic and Bulgaria. At the same time, Romania has a high number of students, taking up the second place in the CEE, after Poland, in this respect. It also has 24 cities with more than 100,000 inhabitants, attractive for companies in the field, it said.