Friday, December 6, 2013

Chinese Investments in Romania

Finally it seems that Romania is trying to make the most of its geographical position in Eastern Europe bordering the Black Sea. As we are a law firm that deals mostly with foreign investors we salute the ideas launched during the latest Chinese official visit to the country.

Romania is targeted by China for inclusion on the strategic map of the new Silk Road , Beijing- London axis. This explains the Chinese official interest accords Romanian infrastructure projects such as a high speed train between Arad and Constanta and a mammoth industrial park on the Black Sea .

The Chinese prime-minister's visit to Bucharest is not accidental and Chinese investors send an important political message in the context in which Romania applying for inclusion on the map of the new Silk Road . It is a large project thought to facilitate trade between Beijing and the EU, in the context in which China wants to redirect to the community about 5 % of total exports.

The Romanian authorities have discussed with the Chinese on several infrastructure projects , including a high-speed train linking Constanta and Bucharest to Vienna , and an industrial park in the port area Agigea balance, the Danube - Black Sea Black Sea respectively .

The new park is expected to host the 2000 Romanian-Chinese joint ventures that facilitate trade between the two countries , especially in terms of agricultural products and electronics .

"China is the largest developer in the moment and it is important to generate projects that create jobs and wealth. These jobs generate some income taxes , social taxes , a share of which come from local authorities and develop budgets localities . solve social problem is unemployment, which is very important for any family , there are many factors which are very beneficial if we , the global economic crisis situation , to bring billion investment . example , this park Agigea is estimated at $ 10 billion by the Chinese and only 1% for construction authorization think of how much , "said Nicu Constantinescu .

Another project that is in question is the first high -speed train that would reduce from 15 to 4 hours distance between Arad and Constanta .

Why would the Chinese invest tens of billions in Romania

Infrastructure projects that Chinese investors discuss them these days in Bucharest with Romanian authorities are of strategic importance to Beijing , said Ionel Blanculescu , honorary advisor of Prime Minister . High speed train Arad , Constanta and industrial park on the Black Sea is key pieces in a comprehensive plan to achieve a new " Silk Road " that would cross our country .

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