Romanian officials trying to get Chinese investors promises at Shenzhen

ZTE Corporation will set up an IT training centre in Bucharest.

The Chinese company ZTE Corporation, one of the world’s biggest telecom equipment and IT solutions-providers, will set up an IT training centre in Bucharest and is prospecting the market with a view to opening an IT component-assemblage factory in an underprivileged area, Mediafax reports. The details of the investment were discussed by representatives of the Chinese company during the visit undertaken by the prime-minister Emil Boc and Economy Minister Ion Ariton to the Shenzhen High-Tech Industrial Park. The training centre is to open in November-December 2011, in collaboration with the University of Bucharest, and will presuppose an initial investment of EUR 2.7 M, to be covered by the Chinese government. The project could be extended next year in other university centres, such as Cluj-Napoca and Timisoara, which would push the total investment to EUR 5 M.

On the same occasion, at the end of a meeting with potential investors, the Economy Minister Ion Ariton stated that he had invited Chinese companies to take part in bids for the building of reactors 3 and 4 at the Cernavoda nuclear plant, the Tarnita hydropower plant and the Doicesti steam power plant. At the same time, he invited them to join in the privatisation of a Transelectrica minority share-package, which he stated would be listed on the stock market, as in Transgaz’s case. According to the minister, the investment in the Cernavoda reactors 3 and 4 is estimated at EUR 4bln, while the estimated value of the Tarnita project is EUR 1.1-1.2bln. Ariton further stated that negotiations with the State Grid Corporation of China for the selling of the Transelectrica 15 pc-share package were in an advanced stage.

Foreign Minister Teodor Baconschi also met, yesterday, his Chinese counterpart, Yang Jiechi, and told the latter that the Romanian Foreign Ministry (MAE) had set up and is coordinating an inter-ministerial work group to keep track of the selection and implementation of proposals of cooperation with the Chinese side, with a special attention to the economic dimension.

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