Investment opportunities in Romania presented to Israeli business environment

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Investment opportunities in the Romanian economy and the development of bilateral relations were the main issues discussed recently by Economy Minister Varujan Vosganian with the representatives of important Israeli investment companies. The minister is in Israel, visiting the cities of Tel Aviv and Jerusalem, on February 9-11, 2013.
According to an Economy Ministry communiqué issued yesterday, the minister also met local authorities and professional associations in order to identify ways of stimulating and supporting the business environment, in order to amplify bilateral economic relations by hiking trade and participating in the completion of economic projects in the two countries.
Israeli companies have invested in almost all sectors of the Romanian economy, namely in industry (electronics, chemical, metallurgical, textile, optical, food industry etc.), IT&C, agriculture, commerce, banking and insurance sector, real-estate sector, environment protection, infrastructure, tourism.
Israel is one of Romania’s most important partners from the Middle East, authorities at the highest of levels in the two countries focusing on bilateral relations. According to Economy Ministry data, bilateral trade grew by 16 per cent year-on-year in 2012, while Romanian exports grew by 25 per cent.
In the first 11 months of 2012 bilateral trade totaled USD 386.9 M (up by 17.1 per cent compared to the same period the year before), of which Romanian exports represented USD 221.6 M (up by 24.5 per cent) and Israeli exports represented USD 165.3 M (+8.5 per cent). The trade balance was positive, Romania registering a surplus of USD 56.3 M.