CLUJ: Silicon Valley OF ROMANIA
The Cluj region, Cluj-Napoca according to its full name (which the French speakers pronounce clouge), is experiencing a particularly rapid economic development, stimulated by massive foreign investment.
So much so that the Cluj region is becoming one of the most active one in Europe, with a GDP per capita of almost EURO 11,000 per year, rivalling with such of the most developed regions of Europe.
This success has not been denied for several years and many customers of LPG România have already chosen this region to invest (industry, IT, data processing, etc.).
What attracts investors to Cluj ?
Cluj primarily benefits from a favourable geographical location, with direct access to the network of direct highways to Europe: Budapest, Vienna, etc.
Bucharest is not yet connected to the European capitals by a network of highways and it takes almost an extra day by truck (especially in winter) to cross the Carpathians in order to reach France or Germany from Bucharest versus Cluj.
Cluj also benefits from excellent training centres and universities offering the labour force and talent that companies need: this city of 400,000 inhabitants has almost 100,000 students and hosts about ten universities, including the famous Babeș Bolyai University (economics, law, economics ...), which brings together 50,000 students by itself and which was ranked by Times Higher Education as the best university in Romania.
Cluj, the city where you deserve to live
Foreign investors are not the only ones who are attracted to Cluj. Numerous inhabitants of Romania also want to live there and few leave the city and the region, even to emigrate abroad: quality of life, economic dynamism, etc.
By doing so, the Cluj region is less impaired by the phenomenon of demographic decline due to the phenomenon of economic emigration to the rest of Europe, which gradually deprives Romania of its vital forces. And the economic actors have only winning opportunities here with more obvious recruitment facilities in the Cluj region than in the rest of Romania.