Romania is slowly becoming an attractive investment for foreign investors after 2010 was the worst year since 2004 from this point of view. Investments worth hundreds of millions of euro have been blocked for several years as authorities argue on the infrastructure of ports at the Danube. Journalist Stelian Negrea submitted to the audiovisual authority evidence that the general director of Intact Media Group made editorial recommendations. Elsewhere in the news, Prince Charles talks about Romania’s best export product, Transylvania. Last but not least, two “manele”songs will be on Goran Bregovic’s new album Gipsy Champagne.
Gandul reas that several foreign companies started Greenfield investments worth 113 million euro in the first months of the year and will generate 1,800 jobs according to official data. The companies are Toro and International Automotive Components Group, both American and Shinheung Electronics from South Korea and Spaniards from Siliken. Plus, automobile investors also expressed their plans to invest in Romania.
Authorities said that since the beginning of the year they received 15 proposals of new investments worth 1.1 billon euro and all projects are Greenfield and will create 6,500 jobs. For this year, authorities expect foreign investments worth about 4 billion euro compared to 2.59 billion euro in 2009.
In the same vein, Romania libera reads that authorities have been arguing on the infrastructure in the Danube’s ports while investments worth 400 million euro are blocked. Even though the investments are on paper, local authorities claim that there have been just 150,000 lei allocated to repair the waterfront in Tulcea.
Investments at the port did not start and it is not unlikely to start any time soon, local official Dumitru Dache director of the Ports Administration in Tulcea said.
@N_P
