Italian businessmen not leaving Romania

The continual process of consolidating and structuring the existing partnership between public institutions and the private sector will help many Italian entrepreneurs overcome obstacles and strengthen bilateral relations between Italy and Romania, His Excellency Mario Cospito, the Italian Ambassador to Bucharest, stated during a press conference organized yesterday by the Romanian Chamber of Commerce and Industry (CCIR), the Union of Bilateral Chambers of Commerce and Industry of Romania (UCCIBR) and the Italian Chamber of Commerce for Romania (CCIpR). The event sought to familiarize investors with the medium and long-term projects that are part of the Romanian authorities’ portfolio. Romanian government representatives from the Ministry of Regional Development and Tourism and the Ministry of Environment also took part in the conference.

Mario Cospito gave assurances that the approximately 20,000 Italian entrepreneurs present in Romania do not plan to leave the country but they want to be helped overcome the economic crisis without further tax hikes and for there to be “more certainty” in what concerns tenders. At the same time the Italian official also referred to the investment opportunities that certain Romanian regions present (Bihor, Cluj, Brasov), in domains such as infrastructure, rural development, tourism and environment, agriculture, fish industry. More than half of SMEs in Romania are of Italian origin, particularly in the west, the area of Arad and Timisoara, but the Italian investors are seeking an extension to eastern and northern Romania, said the Italy’s ambassador in Bucharest. In Romania, Italy is interested in the wine industry and the cultivation of maize, the latter being important not only for food and for the biomass. Finally, it is very important opportunity to use EU structural funds which has provided Romania, especially since Italy has never had the opportunity to use these funds, unlike Spain, for example. Due to the fact that EU funds are very consistent, it could be a public-private partnership, said Cospito. (A.B.)

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