British business in Romania
February 25, 2010Posted by on
“When Liverpool FC take the field for their second leg UEFA Europa League tie against Unirea Urziceni in Romania, there may be a fair measure of divided loyalty on the home terraces. (a.r.a.v. note: well, actually, we think you’re wrong on just this particular one, guys :))
It’s not just that the soccer-mad Romanians follow the English Premiership almost as closely as we do: many of Urziceni’s residents also work for a British firm, women’s fashion manufacturer Alison Hayes, whose 1,000-worker textiles factory is by far the town’s largest employer.
Alison Hayes is just one of more than 4,000 UK firms operating in Romania. UK investment in the country stands at more than €4bn, making us one of the country’s top 10 foreign investors. Despite the recession – which has hit Romania hard – UK exports totalled around €700m in the first nine months of 2009.”
Read the whole article in yesterday’s The Telegraph here.