Two West-European companies from the auto industry want to invest EUR 75-80 million on the local market, according to Constantin Stroe, president of the Romanian Car Producers Association (ACAROM).

“The value of the two possible investments is not spectacular, some EUR 75-80 million, but they will have a market. They look for associations with national producers that lack technical equipment, and new jobs will amount to around 170. We shouldn't turn our back on this,” said Stroe, according to Wall-Street.ro

The turnover in the auto sector increased by some 20 percent last year, to EUR 15.9 billion. Over 600 companies are active in this industry, with more than 200,000 employees.

editor@romania-insider.com