Romania Must Invest In Transport Infrastructure To Become CEE Logistics Center - Pwc

Romania must allot consistent amounts of money to develop transport infrastructure, despite budgetary constraints, so that it can take advantage of its natural potential to become a logistics center of Central and Eastern Europe, PricewaterhouseCoopers Romania said in a press release Thursday.

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"Gaps in financing are a paramount concern for all levels of infrastructure, local, national or international. In what concerns Romania, where the need for developing infrastructure projects is stringent, the Romanian state should prepare a long term investment strategy. Even in the context of the current budgetary constrains, Romania must allocate consistent sums of money for the development of the transport infrastructure so as to maximize its natural potential to become a logistics hub of Central and Eastern Europe, potential based on two main factors, the proximity of the developed markets of Central Europe and the Black Sea access through the Constanta harbor, a true Eastward gate of Europe", PricewaterhouseCoopers Romania representative Daniel Anghel said in the press release.

Anghel said that, granting certain import incentives, such as import VAT deferment, would eliminate VAT pre-financing costs for companies, and would increase the number of transactions in the Constanta harbor.

"Such a measure would attract major investments in Romania and would contribute decisively to the development of infrastructure and the creation of new jobs," Anghel highlighted.

According to a survey conducted by PricewaterhouseCoopers in 29 states, shortages in transport infrastructure at an international level will remain until 2030 and industrialized countries will be leaders regarding transport infrastructure.

"Although emerging markets, such as India and Russia, currently heavily invest in transport infrastructure, they will not be able to close the gap completely by 2030," reads the press release.

PricewaterhouseCoopers offers financial audit services, as well as fiscal and business consultancy. The company has over 163,000 employees in 151 states.

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