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November 28, 2022

PM Dancila, at the Franco-Romanian Economic Forum: French investments, proof that Romania is a good place for business environment

Prime Minister Viorica Dancila said on Wednesday that the French investments in Romania are proof that our country is a good place for the business environment.

“We have all been able to witness a real economic revival in the bilateral relationship in the last period, with many successful projects that have helped the French-Romanian trade to exceed 9 billion euro last year. In this particular context, I would like to welcome the presence of the French investments in Romania, which are proof that Romania is a good place for the business environment. France is the fifth foreign investor in Romania today. There are over 3,000 French enterprises generating around 120,000 direct jobs, France currently ranks third among the countries of destination of Romanian products and sixth among the countries of origin of imports. However, I can say that the potential of the business environment is still high, and you are still welcome and I encourage you to invest in Romania,” Dancila said at the Franco-Romanian Economic Forum, an event organized by the Chamber of Commerce and Industry of France in Romania, during the Romania-France Season.

She presented some of the aspects that make Romania an attractive country for “new investments”.

“For the year 2019, economic growth is at 5.5 percent of GDP, given the recovery of the services and investments sector. These are realistic estimates, confirmed by the recent data made public by Eurostat and INS [the National Institute of Statistics], which places Romania on the second place in terms of economic growth at the EU level in the first quarter of this year. These are figures that encourage us to continue on this path – supporting public investment and stimulating private projects,” Dancila said.

According to her, growth over the next two years will rely mainly on investments in the strategic sectors of the economy and on developing domestic production.

“At Government level, we are considering more investment incentive programs to ensure a harmonious development of the country’s regions. Only for 2019 we have budgeted over EUR 10 billion for public investment, especially for infrastructure, education, health. We have a complex approach to investment development and we appeal to all available sources of funding: budget funds, European funds and public-private partnership, while at the same time stimulating private investment,” the prime minister said.

Viorica Dancila affirmed that Romania ranks fifth in Europe in terms of gas and oil production.

“We are very well placed in the renewable energy sector. Another area that has seen a significant growth is that of new technologies, where the digital and IT services sectors occupy a central place, and here I emphasize that Romania has the second fastest internet connection in Europe. The telecommunications infrastructure is also at a very good level. Here are just a few examples that make Romania an attractive country for investments,” Dancila said.

She mentioned that the economic side has a “special meaning” within the Romania-France season.

“The season aims to mirror our societies anchored in the 21st century. Within the season, we intend to give a voice to contemporary creators, local communities and also economic operators. The organisation in Bucharest of this session of the Franco-Romanian Economic Forum, six months from the Economic Forum in Paris, is proof of the great potential of the economic relations between our countries. This event is politically falls within a dense calendar that has defined the bilateral relationship in recent years. The high-level political diplomatic contacts in Paris and Bucharest have reflected the consistency of the strategic partnership that ties Romania and France in all areas of cooperation, both at bilateral and European level,” said the premier.

She said that last year Romania and France committed themselves to continuing their efforts to deepen cooperation so that this partnership be strengthened by agreeing and signing a new roadmap that would contribute to the development of policies of common interest for the following years.

“During the term of the Romanian Presidency at the EU Council, we are strongly committed alongside France to contributing to the strengthening of the European project, to convergence and socio-economic cohesion, as well as to deepening integration within the EU,” Dancila added.

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