ELKB Industrial Parks

While companies like Emerson, Bosch, Procter & Gamble or Kaufland have already decided to set up hubs on industrial parks platforms under the realm of former regulations in the field, the new regulations governing industrial parks from the second half of 2013 and new exemptions for local infrastructure under the recent EC General Block Exemption Regulation no. 800 of August 6, 2008 (the ”GBER”) are expected to attract further investment to Romania.

Essentially, the new Law no. 186 of July 25, 2013 on establishment and functioning of industrial parks (“Industrial Parks Law”) is more business orientated and contains less restrictive conditions for the setting-up of industrial parks, whilst offering various incentives to investors, mainly consisting of tax exemptions and infrastructure support.

To date there are approximately 40 industrial parks registered in Romania based on the previous regulations, but the number is expected to increase.