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March 29, 2023

Romanian-Arab business forum in Bucharest

Romania will host, Tuesday and Wednesday, a Romanian-Arab business forum and intends to become the starting point of the investments made by Gulf States in Central and Eastern Europe, Vasile Sofineti, ambassador in charge with Romanian-Arab economic relations announced, quoted by Mediafax.
According to the source, the purpose is to place Romania on the map of Gulf States’ economic interests. The two-day forum organised by the Romanian Ministry of Foreign Affairs (MAE) and the Gulf Cooperation Council (GCC) will begin Tuesday and will focus on investment opportunities in energy, the banking sector, agriculture, constructions and tourism. “Participants will analyse projects worth about EUR 1 bln, mostly in the gas, oil and infrastructure sectors,” Sofineti mentioned. Unlike the majority of Romania’s traditional partners, Gulf States have avoided the negative impact of the global economic crisis. “Romanian entrepreneurs hope to recover what was lost following the collapse of the communist regime in 1989, and the 2009 recession,” said Mihai Ionescu, head of the National Association of Exporters and Importers in Romania (ANEIR).

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