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Total volume of Chinese investment in Romania - USD 385 mn, in September

Chinese investment in the Romanian economy was almost 385 million dollars, according to the data of the ministry of economy, the focus being on the wood manufacturing industry and furniture production, textile industry,  tobacco and equipment production industry.

The representatives of the institution show that lately, a series of Chinese companies with technical and financial potential expressed their intention to get involved in other projects in Romania. Technical discussions that took place in this sense express possible projects in the domain of energy, of infrastructure and environment protection with priority to thermal power stations for pollution reduction, to produce desulphurisation installations.

The MECMA officials stated that during this year, both Bucharest and Beijing had official meetings at the level of the leadership of the economy ministry in Romania and the ministry of commerce of China, where they presented Romanian projects in the domain of energy, infrastructure and environment protection, where Chinese companies want to get involved with financial support from financial institutions in China.

In spite of all this, Romania was not included in the European tour of the Chinese leaders of the latest months. They visited France, Portugal, Greece, Spain, Turkey, Hungary, Italy, Germany where they signed economic agreements as regards investments at the level of billions of euro. Asked if there is a strategy at the level of the ministry of economy to draw Chinese investments, the Romanian officials answered that MECMA ' actively acts to draw Chinese companies to make projects of importance in Romania, firstly by observing the principles of market economy and the obligations they have as a member state of the European Union.'.

To do this, both promotion actions organised in China ( economic missions) ans through the use of the Bureaus for Commercial and Economic Promotion in Beijing, Shanghai and Hong Kong are organised forums, business seminars and thematical round tables. ' Participation to events organised by the Chinese authorities, are a very good occasion to present investment projects in Romania, aspects of attractiveness and facilities offered to the Chinese business people by the Romanian business environment' the MECMA officials say.

Thus, during this year there were organised in China thematic economic missions for the energy sector and infrastructure. At the same time, the ministry used the world exhibition in Shanghai as a ' platform for commercial promotion and Chinese investment to Romania' organising in the Romanian Pavillion specialised exhibitions of Romanian products, round tables on energy and infrastructure issues, as well as the Forum of investors on the occasion of the Romanian Day at Expo 2010.

The most recent investment announced by a Chinese company in the Romanian economy is that of the Avic International holding which, between August 2011 – December 2014 will invest 350 million euro in the Cellulose and Paper unit in Somes Dej, controlled by the Romanian Commercial Services group. Following this investment, where there is added another 150 million euro from SCR, the production capacity of the unit will increase from 70,000 tons of cellulose per year at 50,000 tons.According to the data of the INS over the first eight months of the year, the total volume of commercial exchages of Romania with China was situated at 1.83 billion euro, out of which 203.71 million euro represent the value of exports. The main products exported by Romania are energy equipment ( parts for hydropower stations and thermal powerstations) electrical equipment, cylinders, telecommunication equipment, auto parts, complex fertilisers,wooden planks, copper waste and other non-ferous metals. Romania imports from China equipment for telecommunications, equipment, production installations, air conditioning apparata, organic chemical products, textile articles.

Sursa: http://www.actmedia.eu

Tags: chinese projects energy china euro equipment ministry investment economy romania romanian air

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