Investment Overview
Timisoara is a major western Romanian industrial and technology hub close to Hungary and Serbia.
Municipality Details
- Municipality Website
- www.primariatm.ro
- Investor Office
- www.primariatm.ro/invest
- Investment Contact
- Investment Promotion Office
- Investment Contact Information
- +40 256 408 300
Talent & Demographics Population: 319,279
- Labor Force
- 152,000
- Unemployment Rate
- 3.9%
- Average Age
- 41.2
- University Graduates
- 38,000
- Vocational Graduates
- 26,000
- Higher Education Share
- 37%
- Secondary Education Share
- N/A
- Primary or Lower Education Share
- N/A
Talent & Demographics Snapshot
Connectivity Airport: Traian Vuia International Airport
- Nearest Airport
- Traian Vuia International Airport
- Airport Distance
- 12 km
- Closest Capital Cities
- Belgrade 150 km; Budapest 315 km; Bucharest 550 km
- Transport Links
- Airport, rail, motorway, border access
- Highway Access
- Rail Connection
- Port Access
Utilities & Digital Infrastructure Gas network: YES
- Electricity Reliability
- 99.5%
- Broadband Coverage
- 97%
- Avg. Internet Speed
- 84 Mbps
- Utility Operators
- Enel, water utility, telecom operators
- Industrial Water Supply
- Natural Gas Access
Utilities & Digital Infrastructure Snapshot
Costs & Business Environment Avg. gross wage: €1200/mo
- Avg. Industrial Rent
- €4.0/m²/mo
- Avg. Office Rent
- €10/m²/mo
- Avg. Gross Wage
- €1200/mo
- Corporate Tax Rate
- 16%
- Electricity Cost
- €0.15/kWh
Costs & Business Environment Snapshot
Investment & Economy
- Foreign Direct Investment
- N/A
- FDI per Capita
- N/A
- Gross Value Added
- N/A
- GVA per Capita
- N/A
Real Estate & Zoning Industrial zones: NO
- Industrial Zones
- 7
- Available Land
- 300 hectares
- Avg. Land Price
- €52/m²
- Business Parks
- YES
- Greenfield Sites
- Brownfield Sites
Real Estate & Zoning Snapshot
Quality of Life Universities: 4
- Hospitals
- 9
- Universities
- 4
- International Schools
- 4
- Air Quality Index
- 75
- Green Space per Capita
- 29 m²
Quality of Life Snapshot
Local Government Capacity Investor office: YES
- Avg. Permit Time
- 30 days
- Response Time
- 2 days
- Investor Office
- English Support
- Incentives Available