RomaniaWorld Economy

Two Regions in Romania Among Best-Performing in Europe

Whilst much media comment in the UK focuses on Romania as a source immigration woes, in reality Romania is becoming the powerhouse of European economic growth and expansion where opportunities abound.

According to Milken Institute’s Best-Performing Cities: Europe 2017 index, which uses outcomes-based metrics including job creation, wage gains, manufacturing, and skilled service industry concentration to evaluate the relative performance of European regions, the North-West and Bucharest-Ilfov regions in Romania are among the best-performing in Europe.

Inner London-East, with its dynamic economy, flourishing information and communication technology sectors, and skilled international workforce is Europe’s best-performing city, according to Milken Institute. Sweden’s Stockholm comes next, followed by Budapest in Hungary, and Pomorskie in Poland (which includes Gdańsk).

So, far from the often negative connotations of Romania presented to the UK public, the Outcast Foundation actually encourages greater economic and work-force between the UK and Romania, particularly subsequent to the ultimate shape of Brexit as it occurs.

Some other European countries, including France, Belgium and particularly Germany, already have long-established economic and trading relationships with Romania, which are often highly visible on the streets, whilst, at least on the face of it, a significant UK presence is notable by its absence.

The encouragement of greater trade and cultural exchange between the UK and Romania can only be of benefit to both countries.

Based on an article in Romania-Insider.com of 5-12-2017. Read the complete article here.

The complete Milken Institute report can be downloaded here: Best-Performing Cities: Europe 2017