The shipbuilding activity in Romania went up by 40 percent last year on the previous, reaching some EUR 1.1 billion, according to the country's Economy Ministry. Most of the production goes to export – 98 percent, and producers in Romania have already signed contracts for 2012 and 2013.

Shipbuilding companies based in Romania have started to become more active at international fairs and managed to get new customers. Romanian companies signed EUR 60 million export contracts at the Europort fair in Rotterdam at the beginning of November, as well as further EUR 50 million export agreements for clients in various countries.

Companies based in Romania also took part in the Nor-Shipping – Oslo fair in May this year, where they signed EUR 200 million export contracts.

editor@romania-insider.com