More than 25 percent of Romania's GDP is generated by the automotive industry and it's common knowledge that all cars or vehicles that are delivered to Europe incorporate at least one part made in Romania, Minister of Economy Florin Spataru said on Thursday in an online intervention at the opening of the Bucharest Auto Show & Accessories 2022 event at the Romexpo exhibition compound, told Agerpres.
"More than 25 percent of Romania's GDP is generated by the automotive industry and this is why such events that promote both automotive products and Romania-made products are a landmark for the Romanian economy. I think that you know, or some of you know that all cars or vehicles that are delivered to Europe incorporate at least one part, a component made in Romania, which is gratifying for our country, but also for the automotive industry. This means that Romania it's competitive," Spataru said.
The Economy Minister also pointed out that the Ministry under his heading has a 500 million euro program in place for Research-Development-Innovation projects, and a new state aid scheme will be launched as of November 1 for the manufacturing industry.
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