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March 4, 2021

Romanian-Turkish business forum

The development of bilateral economic relations represents one of the pillars of the strategic partnership between the two countries.

Yesterday, September 30, Bucharest hosted the second Romanian-Turkish Business Forum, after the first edition took place in Istanbul last year. Over 250 Turkish and Romanian businessmen were present at the event, confident in the consolidation of an economic partnership in which trade and investments are on the rise. Turkey is Romania’s top commercial partner from outside the EU and among the top foreign investors in our country. Present at the second Romanian-Turkish Business Forum, Premier Victor Ponta assured the Turkish business community in Romania that the government will try to ensure an ever more friendly environment for investors and will simplify bureaucracy in order to stimulate the setting up of new foreign companies in Romania. Turkish Economy Minister Nihat Zeybekci encouraged the community of Turkish businessmen in Romania to be ever more active, because both Turkey and Romania are states that have natural resources, professional capabilities and a complementary and very dynamic activity in many sectors. In fact, the Turkish official encouraged both the Turkish as well as the Romanian businessmen to form partnerships, to create holdings, consortiums, in order to be stronger on local and external markets.
Romanian Economy Minister Constantin Nita emphasized in his turn that his ministry seeks with great interest to support bilateral trade and capital investments in the two countries. In the following years, Mr. Nita said, the goal is to achieve bilateral trade of over USD 10 bln. He added that Turkish investments in Romania currently total EUR 4 bln, which means the setting up of over 15,000 commercial companies. The Romanian Economy Minister invited the Turkish companies to invest in Romania in important sectors, the energy, mining, constructions and industrial sectors standing out among them. It was emphasized that the completion of the undersea electricity cable linking Constanta and Istanbul will represent a very important goal that will boost bilateral cooperation. At the same time, if Bulgaria shows more flexibility then land-based energy transportation lines could also be built between Turkey and Romania.
Organized by TIAD – Romania Turk is Adamlari dernegi Yonetim Kuruku Baskan Sayin Aykut Akbulut (the Association of Turkish Businessmen in Romania), the Forum was a high-level event and an impulse for the future success of the strategic partnership between Romania and Turkey.

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