‘Romania remains an attractive destination for investors who want generous profit for the long term, but it is less attractive for short-term investments. This is mostly due to the cheap labor force and to the country’s close proximity to other European markets,’ said Catalin Pauna, chief economist with World Bank’s office in Romania.
Romania ranks second in EU10 by labor cost
Romania ranks second among EU10 member states by the hourly labor cost, chief economist of the World Bank (WB) Bucharest-based office Catalin Pauna told a conference devoted to the release in Bucharest of the July 2010 edition of the EU10 Regular Economic Report. The document shows that Romania’s reverting to economic growth also depends on its capacity to absorb European funding that can supplement state investments, thinned by fiscal adjustment needs.
More details about the report.