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ECONOMY

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Sibiu was for centuries an important industrial center of Romania.
The prosperity and harmony of Sibiu has its roots in a capitalistic tradition influenced by a long standing German work ethic. New entrepreneurs have developed new businesses after the collapse of communism and the foreign investments have started to flow in.
There are mechanical engineering works and industries producing textile machinery, foodstuffs and lather. The city is also a market for farm products and cattle

INFRASTRUCTURE

economyThe City of Sibiu/Hermannstadt is situated in the Eastern Europe, in the center of Romania at the crosspoint of the 45048' parallel, northern latitude with the 24029' meridian eastern longitude. Access to Sibiu/Hermannstadt can be easily gained by air, road or railway. The city has an international airport with daily links to Munich (Germany) and four time a week to Stuttgart (Germany) and Brescia (Italy). Talks have started with the airlines operating the existing flights in order to introduce more flights and raise the capacity of the planes. The municipality has been contacted by airlines who expressed their interest in introducing flights from Vienna and Paris. The first measures to extend and modernise the airport are underway.
Sibiu/Hermannstadt is connected to the European motor and railway network. In recent years, the main improvements were focused on an extension of the interregional motorways, which led to better access to the city. Railway and road acces through Wienna – Budapest and from Belgrade and Sofia - Bucharest.
The key economic areas are the auto supply industry, mechanical engineering, textile industry, logistics and packaging, food items, textiles and clothing, trade and craftsmanship. In recent years, the electronics industry has begun to flourish.
One of the main concerns for the city is attracting new investors to locate their businesses in Sibiu/Hermannstadt. A new industrial park has been recently completed. Along with well-connected industrial zones, the city offers ideal locations for developing new and successful industries.
Sibiu/Hermannstadt is a regional centre for customer services in its numerous economic establishments, banking and insurance institutions and for public or private capital investment.
Sibiu/Hermannstadt has a diverse media industry, including newspapers, magazines, local radio and television stations.
The city has a well-developed network of educational institutions at all levels. The city of Sibiu/Hermannstadt is an important medical centre in the region and has a large number of hospitals, clinics, foster homes and other institutions which provide health care.

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