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  • German Investors in Romania – How the Financial Crisis is Affecting Southeastern Europe

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German Investors in Romania – How the Financial Crisis is Affecting Southeastern Europe

Romania is an increasingly attractive place for Western Europeans to invest. This year it's estimated that Western companies will pump more than 10 billion euros into the Romanian economy. Since Romania joined the EU on January 1, 2007, investors have enjoyed improved legal protection, it's easier for people to cross the border, and goods no longer have to clear customs. Many German companies now outsource work to Romania, where wages are low by Western European standards. Still, as Karl Harenbrock reports, the financial crisis and its aftermath is also being felt in this south-eastern country.

DW-World | November 25, 2008Watch more videos from DW-World

Tags:. .southeastern. .outsource. .romanian. .wages. .aftermath











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