Tuesday, July 23, 2013

British Investments in Romania

Enescu & Cuc Law Firm has been a member of the British Romanian Chamber of Commerce and has had in the past 10 years a growing number of British investors as clients. Romania still seems to attract lots of investors from the UK, according to the Romanian press (Mediafax). The British government hopes that the next four years exports to Romania will grow by 60% by creating a business center facility which will give British companies better access and exposure on the Romanian market.

The Romanian-British Business Centre was established by the British Embassy and the British-Romanian Chamber of Commerce. The project will give the British Embassy Bilateral Chamber of Commerce a grant of 200,000 euros.

"This is a step forward in the support we give economic relations between Romania and the UK. This is part of a project that includes 20 priority markets around the world. This provides support  to UK companies in markets like Mexico, Russia, India, Brazil and in Europe we selected two priority countries to support trade, namely Poland and Romania. Hopefully we will see a strong increase in both British investment in Romania and bilateral relations between the two countries, "said British Ambassador in Romania, Martin Harris.

He added that this measure also aims at facilitating access to British companies wishing to invest or have trade relations in Romania.

"The goal is to establish a British Romanian business center funded by a grant from the British Government for the British-Romanian Chamber of Commerce and through this we hope that by 2017 we see an increase of 60% of British exports in Romania " added Harris.

1 comment:

  1. Perhaps Romania would be better off by setting its own targets when it comes to SELLING in the UK, and not only being happy to BUY from the UK...Just a thought. An increase of 60% of British exports in Romania would be a good thing for those companies doing the exporting.