BUSINESS DIPLOMACY ECONOMY INVESTMENTS

Ambassador Ramiro Fernandez Bachiller: Romania – an important market for Spanish investors

Ambassador of Spain in Bucharest Ramiro Fernandez Bachiller stated at a meeting with Prime Minister Mihai Tudose on Monday that Romania represents an important market for the Spanish investors, bigger than the ones in Argentina, South Korea, Russia or Canada, and it’s comparable to the Japanese or Brazilian market.

According to a press release of the Executive, Prime Minister Mihai Tudose discussed with the Ambassador of Spain to Romania about the prospects of intensifying bilateral relations, particularly in economic terms, as well as organising as soon as possible a first intergovernmental meeting between Romania and Spain.

“The very close friendship relation between Romania and Spain and the positive evolution of bilateral trade in recent years is a very solid basis for further developing economic cooperation between our countries in the interest of both parties, given the numerous Romanians in Spain,” said the head of the Bucharest Executive, as quoted in the press release.

Prime Minister Mihai Tudose and Ambassador Ramiro Fernandez Bachiller recalled the possibility of organising an intergovernmental meeting no later than next year.

At present, according to the Government, more than 6,000 companies with Spanish capital are active in the banking, tourism and infrastructure sectors in Romania, the level of Spanish investments in our country being higher than that of the UK and U.S. investments.

The Spanish diplomat expressed his country’s support for Romania’s accession to the Schengen Area and the candidacy to the Organization for Economic Cooperation and Development. The Spanish Ambassador in Bucharest also had words of appreciation for the Romanian community in his country, the largest community of foreigners in Spain (over one million people). According to the diplomat, they have integrated very well and have a very important contribution to the Spanish economy, and this has been particularly felt during the crisis period of the past years.

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