-4.2 C
Bucharest
January 24, 2022
BUSINESS

Possibly a new steel mill in southern Romania, Vosganian says

A new steel mill will possibly be constructed in southern Romania, the minister of Economy, Varujan Vosganian announced in an interview with HotNews. According to the official, this will be a greenfield investment made by a company with Indian capital and Italian management. The investment will amount to EUR 100-200 M, he added. “We had the first talks. The investment will be made in southern Romania, somewhere near the Danube. I cannot say more at this moment,” Vosganian stated. He added that the talks with the investor were conducted during meetings he recently had with representatives of the business environment. “I had talks with this investor during the dialogue I had with companies.

I have much confidence in greenfield investments, because they are contaminated neither by the supplementary costs sustained by state companies, nor by the costs with the work force,” the minister explained.The minister of Economy, Varujan Vosganian participates in the ‘Anual Investment Meeting – AIM 2013,’ on April 29 – May 2 in Dubai/ United Arab Emirates, at the invitation of his counterpart from the UAE. This year’s edition of the event is organised by the Ministry of Economy, under the patronage of Sheik Mohamed Bin Rachid AL Maktoum, vice-president of the UAE, prime minister and leader of the Emirate of Dubai. The Romanian minister will deliver a speech in the plenum of the Conference and will have official meetings with the ministers of Economy, and Energy of the UAE, with representatives of the management of several investment funds from countries of the Gulf Cooperating Council. On these occasions, he will promote several projects of national interest in energy, road, naval and maritime infrastructure, mining and IT, in order to identify potential partners willing to invest in Romania.

Related posts

Foreign retailers invest 85.9 mln euros in local chains in first four months

Nine O' Clock

European auto market up by 6 pc: The growth comes after six years of slump

Nine O' Clock

INS: Tourist arrivals in Romania, up 3.5 pc in 2013

Nine O' Clock