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August 3, 2021

Dramatic drop of German investment

The German ambassador to Bucharest, Andreas von Mettenheim, stated, yesterday, on a TV channel, that German investments in Romania dropped by two thirds in the course of the year, adding that the Romanian state owes approximately EUR 140 M to German companies in Romania, Mediafax reports. According to the ambassador, investors are waiting for the moment in which “the crisis will start waning in Romania”. The German diplomat explained that there is a common concern for finding in Romania a trustworthy partner, which is able to pay its debts. On the other hand, von Mettenheim argues that, in his opinion, there is a risk that, in the case of an economy recovery, Romanians may think there’s no need to go on saving money. At the same time, the underdevelopment of the transport infrastructure in Romania is a problem for the industry and investors, the German ambassador to Bucharest further stated, quoted by HotNews. He mentioned, as an example, the Mercedes company, which had decided against investing in Romania, some years ago, because “the transport infrastructure was not good enough”.

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