Cora is a French hypermarket chain that has been expanding intensively in Romania. It has several locations in the capital city of Bucharest and, beyond the capital, operates in Cluj-Napoca, Baia Mare, Arad, and other cities. Its regional network includes more than a dozen stores, and it continues to grow. Last year, Cora Romania recorded a turnover of 1.37 billion, and there are no signs of decline in the near future. Romania remains a very open market, with regulations favorable to Polish entrepreneurs.
From Poland alone, around 60 companies from the Lubusz Voivodeship have already relocated to Romania or plan to do so. This is an excellent moment to invest in real estate in this region and to tap into its tremendous potential. Thanks to EU subsidies, Polish investors can receive funding covering up to 50% of their projects, while Poland additionally has a strategic cooperation agreement with Romania. Polish companies that decide to launch investments in the country can also benefit from the support of the Polish Chamber of Commerce as well as the Romanian Trade and Investment Center.
An important factor encouraging foreign investments, especially in the real estate sector, are the numerous tax incentives. Entrepreneurs who decide to set up operations there can take advantage of accelerated depreciation of costs. The construction market is still booming, but material and labor costs have not yet reached the high levels currently seen in Poland.