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Minister Petrescu: Relation with Bavaria, very important in terms of trade balance and investment print

The relation with the state of Bavaria is very important for Romania, both in terms of the trade balance and that of the investment print in Romania, Business Environment, Trade and Entrepreneurship Minister Alexandru Petrescu said on Friday.

“The relation with the state of Bavaria is very important for Romania, both in terms of the trade balance (20 percent of the total commercial exchanges with Germany are with Bavaria), and that of the investment print in Romania, as this is where the main German investors in our country come from (Premium Aerotech, Ina Schaeffler, E.ON Energie AG, Lisa Draxlmaier), part of them also being on the agenda of my visit to the state. The good political relation that our countries have, doubled by a very good commercial relation, represents the excellent framework for developing the business environment through an even closer collaboration on everything related to programmes, measures, recommendations through which we can transpose the German expertise in the research-innovation area in the Romanian economy,” Minister Petrescu pointed out in a release sent to AGERPRES.

The Romanian official on Friday in Germany met Ilse Aigner Bavarian State Minister of Economic Affairs and Media, Energy and Technology, establishing new collaboration opportunities of Romanian companies with the digitisation centres developed in Bavaria, in areas such as mobility, Industry 4.0, healthcare, energy and cyber security.

According to the release, the support of internationalisation and digitisation of SMEs of Romania will be one of the main discussion topics on the agenda of the Romania-Bavaria joint intergovernmental commission.

“The cooperation in creating centres of excellency, devoted to supporting the internationalisation and digitisation of SMEs of Romania, based on the Bavarian expertise, will be one of the main discussion topics on the agenda of the Romania-Bavaria joint intergovernmental commission meeting which will take place in Bucharest on 15 November 2017. Moreover, also continued will be the discussions on drawing investments and developing the dual education system in our country,” the release reads.

Bavaria, Germany’s economic engine, is one of the most developed high-tech centres, characterised through modern economic branches and specialised services. The volume of trade exchanges between Romania and the state of Bavaria was in 2016 of 5.16 billion euro.

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