Economy of Brasov

emphasis being placed on heavy industry, attracting many workers from other parts of the country. Heavy industry is still abundant, including Roman, which manufactures MAN AG trucks as well as native-designed trucks and coaches. Although the industrial base has been in decline in recent years, Brașov is still a site for manufacturing agricultural tractors and machinery, hydraulic transmissions, auto parts, ball-bearings, helicopters (at the nearby IAR site in Ghimbav), building materials, tools, furniture, textiles, shoes and cosmetics. There are also chocolate factories and a large brewery. In particular, the pharmaceutical industry has undergone further development lately, with GlaxoSmithKline establishing a production site in Brașov.

A large long wave broadcasting facility is located near Brașov, at Bod.

Significant growth in real estate prices continues, along with other major Romanian cities, as investor sentiment remains high, given the large foreign direct investment influx, recent accession to the European Union and forthcoming airport. Like most of Romania and Poland, cities like Brașov are predicted to exhibit strong growth for many years to come. Many foreign investors are sourcing their own land, or engaging local firms to create holiday or investment property.