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Timisoara

Learn more about Timisoara

Opportunities in Romania

Learn more about Timisoara

Welcome to Timisoara... Introduction video. Start here.

Timisoara Wikipedia Romanian and English

Official Timisoara site (Romanian)

Timisoara City Hall  Romanian and English

County Council Timis (Romanian)

Timisoara Anticommunist Revolution 1989 (Romanian) and Timisoara Proclamation 1990 (Romanian)

Timisoara Map

Chamber of Commerce Timisoara (Romanian), Business Guide (Romanian), Trade Fares and Exhibitions (Romanian)

Technical University Timisoara (Romanian), University of Medicine and Pharmacy, University of Agricultural Sciences and Veterinarian Medicine, West University

French Cultural Center (French), British Council, Intercultural Institute (Romanian)

Banat Museum (Romanian), Timisoara Monuments

National Theater (Romanian), German Theater (Romanian) and Philharmonic Orchestra

Union of Artists (Romanian), Association Pro Democratia

AIESEC -Youth organizationELSA European Law Students' Association (Romanian) and BEST Board of European Students of Technology

Soccer team Poli Timisoara (Romanian)

Regional Agency for Environment Protection (Romanian)

Pictures. Other nice pictures. More pictures.  And night pictures.

Timisoara airport (Romanian)

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Opportunities in Romania

Romania, as a newly admitted member in the European Union, has 58.6 billion euro ($78.36 billion) at its disposal in the next 7 years to get to the development level of European Union. This opens huge opportunities for any initiative: economic (production, services, agriculture), cultural, social, environment, infrastructure, regional development etc.  From 10% to 100% of the costs could be reimbursed for approved projects.  Someone with ideas could just create o project, get it approved, finance the investment and in the end, if the declared targets are met, you get reimbursed.  You can get your break-even in record time.

I've heard many times the assertion, "tell me what is needed and I will invest".  Unfortunately for investors, there are no totally uncovered needs, Romania is now a country that has anything that exists in European Union.  There are no borders and if there is a missing product, it is immediately available with no difficulty.  This, on the other side could be amply exploited in a reverse way.  Any product or service for European Union could be done in Romania and next day it is in Austria, Hungary, Czech republic or Poland.  With the difference that the other countries ended their support programs from EU, while in Romania it just started.  The answer is "if you have a product fit for the EU market, consider doing it in Romania."  Someone coming to Romania has the whole EU market available.

There are many preconceptions about manufacturing possibilities in Romania.  "Salaries are very low" - not true if you want really good people; salaries are lower than in the rest of EU, but good people have their price.  "The workforce is plenty" - not true, many Romanians emigrated to other countries; but give them the chance to work for decent salaries and you will find your people.  I do not say that everything is perfect.  In fact even this financing program is having the rules defined just now.  But keep an eye on this opportunity.

NDP Global Financial Plan (million Euro) and Development Priorities

Priorities

2007

2008

2009

2010

2011

2012

2013

 Total

P1 Competitiveness

651.48

620.72

793.14

882.76

842.95

761.25

682.12

5,234.43

P2 Transport Infrastructure

2,094.99

2,517.48

2,465.25

2,071.29

1,819.84

1,832.20

1,853.75

14,654.79

P3 Environment

753.18

898.70

1,099.11

1,160.45

1,069.54

810.78

806.23

6,597.98

P4 Human Resources

711.65

912.51

1,297.08

1,317.59

1,313.22

1,115.85

940.72

7,608.60

P5 Rural Development

1,585.56

1,757.72

2,200.96

2,335.49

2,395.08

2,445.15

2,517.37

15,237.32

P6 Regional Development

1,294.79

1,280.99

1,397.96

1,336.37

1,342.35

1,344.55

1,342.97

9,339.98

Total

7,091.65

7,988.12

9,253.50

9,103.95

8,782.98

8,309.78

8,143.16

58,673.10

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