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Volume of British investments in Romania down to 1.9 billion euros

The volume of direct investments of UK in Romania reached 1.9 billion euros January through July this year, down 36 percent compared with the same period of 2009, when it amounted to 2.9 billion euro, Lord Lamont of Lerwick, the honorary president of the British Romanian Chamber of Commerce (BRCC) announced on Thursday, at a conference.

'London's compass is pointing to Bucharest, because of economic, security and European politics reasons. Our countries can build an effective and pragmatic partnership,' the new British Ambassador to Romania, Martin Harris, said on the same occasion.

The BRCC representatives have specified that the key areas of interest to British investors are infrastructure - water-supply, environment protection, maritime ports, railway stations - financial services, energy, including renewable, and environment protection.

Romania is the 41st partner of UK by volume of trade, after the first seven months of 2010, with a total turnover of 636.831 million pounds, while it only ranked 58th among UK's trade partners, with a volume of trade accounting for 403.245 million pounds, in the same time span of 2009. The total volume of trade between the UK and the EU in the first seven months of 2010 stood at 103.593 billion pounds, while the volume of trade between the UK and countries in Eastern Europe stood at 3.441 billion pounds.

Moreover, Romania came out 42nd among the UK exports' destinations after the first seven months of the year, with 426.748 million pounds, compared with 364.775 million pounds in the same interval last year. British exports to the European Union stood at 80.415 billion pounds, in the period January to July 2010, while exports to countries in Eastern Europe totalled 2.797 billion pounds.

The British Romanian Chamber of Commerce is a non-profit organization founded in 1998. The mission of BRCC is to promote UK business and investments in Romania, and the other way round, so as to contribute to the strengthening of bilateral relations between the two countries and encourage bilateral trade in various fields like industry, tourism, investment, culture.

Sursa: http://www.actmedia.eu

Tags: billion trade pounds romania investments volume british euro

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