The municipality of Bistrita, a city in Northern Romania, invested EUR 6 million for setting up an industrial park, but no company has been interested to move its business into the new park in the last year.

The authorities inaugurated the 30-ha business park more than a year ago, reports local Mediafax. The investment was made with money from the European Fund for Regional Development and from the local budget (EUR 2.5 million).

The industrial park includes four plots of land for large companies, 11 plots of 1,400 sqm each for medium companies, 23 lots of 400 sqm for small firms and three lots of 3,000 sqm for services.

The park was expected to attracts investors that would create at least 200 new jobs on the medium term (until 2015). Bistrita mayor Ovidiu Cretu said that investors have difficulties related to the lack of jobs, which is one of the reasons why they are hesitant to start their business in the industrial park.

editor@romania-insider.com