Investment location: Dambovita County, Romania

IME 2020 was a challenge for both organizer and participants considering COVID19 pandemics times. That is why both actions, organizing and participating are  examples of commitment to normality and seeking solutions for business sectors that were affected or are on the way to experience late economic consequences due to pandemics.

Moreover, it is the proof that promoters of investment opportunities which were presented of the event are very committed to take actions necessary for good collaboration with future investors.

Romanian delegation of Dambovita County Council was represented by expert staff of the local municipality as follows:

• Stefan IONITA – Vicepresident of Technical Commission for Spatial Planning and Urbanism of Dambovita County;
• Teodor BATE – Cheif-architect of Dambovita County;
• Mihaela VISAN – Advisor at the Public Relations and External Relations Office of  Dambovita County Council.

From investor`s point of view, this type of commitment to normality coming from public administrations and development agencies is a very positive sign that shows equilibrium of the socio-economic environment and auspices concerning efficiency of future collaborations.

Moreover, besides overcoming the challenge to deal with subject of investments during pandemics times, Romanian delegation proposed as an investment opportunity a tourist resort – Padina Cave – which has been certified as being of national interest. Such certification makes the opportunity presented by Dambovita County Council the most qualified to be analyzed from all the opportunities presented. An investor should take into account the following main aspects/strenghts: side-opportunities resulting from qualification of the area; shown openness of the local municipality to collaborate and facilitate processes related to this opportunity and the business itself as it is envisaged.

It is to be pointed out that Dambovita county is one of the least areas of Romania where industrial and touristic potential are in equilibrium. Targoviste, the capital of the county, is located at 40 min by car from Bucharest, capital of Romania. Land for factories facilities in Bucharest is no longer available, is too expensive or have other destination that make it non-profitable. Example of Arctic, the largest manufacturer of home appliances from continental Europe could be easily followed by other companies. For SMEs and smaller businesses, local municipality offers the opportunity to populate the 3 industrial parks.