While much of Europe and the United States struggles to cope with the fallout from the credit crunch and cooling domestic markets, Romania remains an attractive investment location for UK and other businesses.
This is the view of Ernst & Young’s employment tax specialist, director Thomas Standring, who is currently on a two-year secondment to Bucharest from Ernst & Young’s Colmore Square office in Birmingham.
Mr Standring said that Romania’s fast growth economy, relatively inexpensive workforce and sizeable domestic market made it an attractive place to do business, adding that in a generally slowing global economy, West Midlands’ corporates should be looking East for their next big investment and business opportunity.
