BUSINESS DIPLOMACY SUPPLEMENTS

Liviu Buzila, Commercial Attaché, Embassy of Ireland: “Both Ireland and Romania are maintaining robust economic growth levels”

I am delighted to take this opportunity to elaborate on the status of Irish-Romanian bilateral trade and investment relations, one year after being appointed as Commercial Attaché with the Embassy of Ireland in Bucharest.

Both Ireland and Romania are maintaining robust economic growth levels, and investment continues to stream into our two countries. My role is to enhance relations between Romanian and Irish business interests, to highlight Ireland as a source of world-class products and services and to advise Irish and Romanian companies and state agencies about new opportunities for collaboration.

The presence in Romania of a number of major Irish corporations is a clear indication that Romania is attractive from an investment perspective. What is even more interesting is that small and medium-sized Irish tech & services companies are now relocating to Romania, to take advantage of local skills in ICT and software development.

I am confident that Irish firms and their Romanian clients and customers will take advantage of each and every opportunity to consolidate existing relationships, and to build new ones. As a country still catching-up on its EU partners, and in the context of BREXIT, Romania is becoming a more and more attractive market for Irish goods and services, resulting in increased attention by the Irish export promotion agencies and their client companies. There is substantial potential for accelerated two-way trade and investment growth in the years ahead, with opportunities right across the business spectrum and particularly in sectors where Irish companies are already active.  These include agribusiness, ICT, financial services, construction, environmental technologies and related services. I am glad to have a part to play in this ongoing success story.

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