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September 26, 2020

Turkish companies’ investments in Romania surpass EUR 1.5 bln

The Turkish companies’ investments in Romania surpass EUR 1.5 bln if we include the investments of the Turkish companies’ branches registered in other states such as The Netherlands, England or Germany, the data presented by the Turkish Busines­smen Association (T.I.A.D. – Turk Is Adamlari Dernegi) in a press communiqué shows, quoted by Mediafax.

“According to official data, in Romania there are approximately 12,000 companies with Turkish capital, their value exceeding EUR 520 M,” the aforementioned document shows. Thus, according to T.I.A.D., Turkey is the 4th most important foreign investor in Romania.

“Romania is a country with considerable economic potential. In spite of the difficult economic conditions that the whole economy faces, Turkish businessmen that are active in Romania have confidence in this country’s growth potential and continue their investment plans,” T.I.A.D. President Omer Susli stated in the communiqué.

Likewise, bilateral trade totaled EUR 1.57 bln in Q1, up by approximately 30 per cent compared to the same period of 2010. Exports totaled more than EUR 964 M, while imports reached a level of approximately EUR 605 M. Metals top the main groups of traded products, followed by electric equipments and auto vehicles, mineral and vegetal products, chemical products, plastic products and textiles.

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