Manufacture of Pharmaceutical Preparations in Romania
The pharmaceutical industry in Romania, represented at the macroeconomic level by NACE division 212, plays a strategic role in ensuring public health and national health security. The manufacture of pharmaceutical preparations covers a wide spectrum of activities, from the synthesis of active substances to the formulation and packaging of finished medicines. In recent years, the sector has experienced accelerated dynamics, driven by increasing domestic demand and the trend towards relocating production to Eastern Europe. Romania benefits from a long tradition in the field, with historic factories such as those in Sibiu or Iași, as well as recent investments from international pharmaceutical giants. This evolution is supported by a legislative framework aligned with EU standards, facilitating exports and attracting funds for modernization. The major challenges for entrepreneurs in this niche include high compliance costs with Good Manufacturing Practices (GMP), fluctuations in raw material prices, and dependence on imports for some active substances. Also, fierce competition from Asian manufacturers, especially China and India, exerts constant pressure on profit margins. However, recent health crises have highlighted the strategic importance of domestic production capacity, stimulating investments in new production lines and applied research. For the future, digitalisation of production processes and adoption of Industry 4.0 technologies, such as artificial intelligence for formulation optimisation, represent real opportunities for differentiation. Moreover, the growing demand for biological and personalised medicines opens new markets but requires advanced skills and significant investments. In conclusion, NACE division 212 remains a pillar of the Romanian economy, with sustained development potential, but requires a strategic approach adapted to global trends and local specifics.