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CCIR: Conference on investment opportunities in Romania

Romania is offering many investment possibilities in the field of infrastructure, rural development, tourism and environment. 

Italy is one of the countries interested in that and one of the main countries entering the local market, HE Mario Cospito, the Ambassador of Italy in Bucharest declared on Tuesday at a press conference.

Romania's Chamber of Trade and Industry (CCIR), the Union of bilateral Chambers of Trade and Industry in Romania (UCCIBR) and the Italian Chamber of Trade for Romania organized a conference of Thursday on 'Opportunities of Regional Investments: infrastructure, rural development, tourism and environment. New tendencies in Romanian-Italian cooperation.'

The event focused mainly on the consolidation of economic and bilateral commercial relations and the presentation of investment opportunities. The conference intended to offer investors the possibility to better know medium and long term projects from the portfolio of Romanian authorities.Italian investors were among the first to enter the Romanian market from the west, which was more accessible from the geographical point of view. Arad and Timisoara are cities with the highest number of Italian firms (about 4,000), followed by Bucharest (3,300 firms) Bihor county (1,000), Cluj (700) and Brasov (500), said Nicolae Bacanu, vice-president of Romania's National Chamber and president of CCI Arad. After the conclusion of the initial stage when anybody could set up a company, now it time to go to an economy of small entrepreneurs, according to the Italian model, Bacanu said. In his opinion, the agricultural field presents great potential for Romanian-Italian partnerships and an 'interesting food industry' might appear.

More than half of small and medium companies in Romania are of Italian origin, especially in the west of the country, in the Arad and Timisoara area, but Italian investors want to expand to the east and north of Romania as well, the Italian ambassador to Bucharest declared. In general, Italians invest in the textile, garment, mechanical, furniture, service sectors and have a good experience in the highway, railway, tourism and environment fields. Last but nor least, it is important to use the structural funds offered by EU to Romania as Italy could never use those funds. As EU funds are consistent, there could be a public-private partnership Cospito added.

At the same time he pointed out the importance of investors in the farming field in Romania which used o be called 'Europe's granary', the second largest east-European country after Poland, with a real agricultural potential. From this point of view the Italian experience is very important since Italy has succeeded to replace its own power deficit because of the farming sector, Cospito said. In Romania, Italy is interested in the wine, corn growing sectors, the latter being very important for both food and biomass fields. At the same time he mentioned the presence in Romania of ENEL utility group and that of three large Italian banks: Uni Credit, Intesa Sanpaolo and Banco Italo Romena.

Sursa: http://www.actmedia.eu

Tags: italian romania investment italy conference

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