British capital businesses in Romania, placed on a new development level

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British capital businesses in Romania, implicitly the cooperation relationships between Romania and the United Kingdom, have been placed on a new development level. This was confirmed at Ploiesti by Paul Brummell – the Ambassador of the United Kingdom of the Great Britain and Northern Ireland to Romania, on the occasion of signing the memorandum between the British-Romanian Chamber of Commerce and the Prahova Chamber of Commerce and Industry.

On Wednesday, July 5, 2017, the Prahova Chamber of Commerce and Industry held an original networking event at its headquarter in Ploiesti, in cooperation with the British-Romanian Chamber of Commerce, with the participation of the Ambassador of the United Kingdom of the Great Britain and Northern Ireland to Romania – Paul Brummell.

On this occasion, the Cooperation Agreement between the Prahova Chamber of Commerce and Industry, represented by President Aurelian Gogulescu, and the British-Romanian Chamber of Commerce, represented by CEO Charlie Crocker, has been signed. The event was attended by the representatives of the institutions of the county and local public administration, members of the British-Romanian Chamber of Commerce and of the Leadership College of the Prahova Chamber of Commerce and Industry, Romanian and British businessmen. “We are the host of a very important meeting, in the presence of the UK Ambassador to Bucharest. A complex phenomenon, with major consequences, as Brexit is, in the context of the bilateral relationship between Romania and UK, must be considered and approached as a challenge, as a development and cooperation opportunity. Such meetings can represent opportunities to identify a number of possible answers to questions and fears related to Brexit. In this context, by signing this cooperation agreement, we’ll definitely be able to identify these answers we referred to above, and we will be able to find them including by organizing mutual visits, aiming both to develop the cooperation relationships and to identify together the possibility to access on other markets” stated Aurelian Gogulescu, the President of the Prahova Chamber of Commerce and Industry. Mentioning that British businessmen are place on the fifth place in the ranking of the foreign investors who developed their businesses in Prahova, the representatives of the county and local authorities, including the prefect of the county, wished to send to the Ambassador Paul Brummell a signal that Prahova is opened to the cooperation with the foreign investors, including with those from UK, given that there are 12 industrial parks in the county.

Speaking in Romanian to those being present, to their pleasant surprise,  Ambassador Brummell  said that he is pleased to return to Ploiesti, after the visit since 2015. He wished to say that signing the memorandum between the Prahova Chamber of Commerce and Industry and the British-Romanian Chamber of Commerce is a recognition for Prahova that it is a very important county in terms of commercial connections between UK and Romania.

“The goal of signing this memorandum is to develop connections between Romania and UK. As for the Brexit, even if UK has decided not to be a member of the European Union anymore, this doesn’t mean that we are also quitting Europe. We will continue to be a country in Europe. This is exactly why the agreement signed at Ploiesti also certifies that we wish to develop the partnership with Romania”. At the same time, answering to a question coming from the press, including which is the message sent to the Romanian people working or studying in UK, he wished to state:

“My message is that Romanian people are welcomed in UK. Those who are already working made very many good things in UK, either we are speaking by those in the medical field, or in constructions or in financial services. Romanian students studying in our country are also very good, and they have results of the same kind. But I wish to mention that I cannot forecast in this moment which will be the result of the negotiations related to Brexit. But I am sure that Romania will continue to be a good friend of the UK. We wish to develop eve more the existing cooperation relationships. Trade exchanges between UK and Romania amount approx. EUR 4 million, and around 4,000 companies with British capital are in Romania. Signing this agreement in Prahova is a signal of recognizing that this country is very important for the commercial relationships between UK and Romania. Prahova is a good example of the British investments, as it is in the wine or textile industry. But we can do more in the future, for instance in the oil industry, which is a tradition in Prahova”.

Ambassador Paul Brummell also mentioned that, besides Prahova, the British-Romanian Chamber of Commerce has also signed cooperation agreements this year at Timisoara. The British diplomat ended his travel to Ploiesti with a visit at the Clock Museum, which is unique in Romania, and his appreciation for the collections he saw was shared also by a recording in the book of honor of the institution.