Iohannis: Despite the war in the neighborhood, Romania remains an attractive investment destination

Iohannis: Despite the war in the neighborhood, Romania remains an attractive investment destination
Iohannis: Despite the war in the neighborhood, Romania remains an attractive investment destination

Despite the war in Ukraine, Romania is still an attractive investment destination, President Klaus Iohannis said on Friday. “Over 50% of investors look with interest at the Romanian economy, and over 40% of them direct their attention to supply chains or the logistics sector,” he said.

President Klaus Iohannis delivered a message at the Gala of the French Chamber of Commerce, Industry and Agriculture in Romania (CCIFER). The message was presented by Cosmin Marinescu, Presidential Advisor – Department of Economic and Social Policies.

The full message sent by President Klaus Iohannis:

“I congratulate the French Chamber of Commerce, Industry and Agriculture in Romania, as well as the entire French business community in our country, for their performance and for their active involvement in the development of bilateral relations.

I also appreciate the theme of your event – the transition to a green economy – which is one of the main political concerns at the level of the European Union, but also a real challenge for the competitiveness and development premises of the Union’s economies.

Ladies and gentlemen,

Good relations between states are reflected, to a significant extent, by the results of economic cooperation. From this perspective, there has always been an authentic, constructive and sustainable partnership between Romania and France.

France ranks third in the ranking of Romania’s trade partners and first among the EU member states with which Romania has a surplus trade balance. In 2021, for example, Romania’s exports to France exceeded 4.7 billion euros, while imports were worth 4.1 billion euros.

Franco-Romanian cooperation is also notable in terms of investment: France is the third investor in the Romanian economy, with investments approaching 9 billion euros, which represents almost 10% of the total foreign direct investments in the Romanian economy.

Agriculture, trade and financial-banking services have attracted, in the last 30 years of bilateral relations, almost 90% of the volume of French investments in Romania.

Representative for French investment interests remains the agricultural sector, whose percentage of total investments significantly exceeds 50%, and this sector also stands out through a distinct portfolio at the level of your organization.

Ladies and gentlemen,

We are all going through a period of unprecedented crises, generated by the COVID-19 pandemic and accentuated by Russia’s war against Ukraine, with predominant economic, financial and social effects. As the challenges diversify, the need to strengthen bilateral relations, mutual support and solidarity at the community level has become evident.

Beyond numbers and statistics, the French-Romanian bilateral relationship means tradition, but also novelty. Economic cooperation has been and continues to be intensively supported by initiatives, approaches, common interests and visions, with very good results for both parties. The Dacia-Renault partnership is the most illustrative example of the longevity of bilateral economic relations.

I trust that the development perspectives, especially in the direction of the green transition and digital transformation, will create new opportunities for collaboration, such as, for example, in the field of civil nuclear energy, where France’s experience is particularly important on a European and international level.

The current geopolitical and economic context accentuates the risks to energy security, and decisions regarding the stability and resilience of the energy sector become crucial for the economic competitiveness of the European Union globally.

We are all aware of the importance of climate change, the effects of which we feel including at the individual level. We want to benefit from a sustainable transition to a more environmentally friendly economy, but we must also benefit from policies that print a gradual path and that take into account the specifics of the member states.

I believe that bilateral relations and Franco-Romanian cooperation in fields such as energy, agriculture, the automotive industry, aeronautics or transport represent an important catalyst for the development of our economies.

Dear representatives of the Franco-Romanian business community,

The current economic situation, characterized by record inflation rates, but also by security risks, must be managed with care, courage and determination, attributes that have always defined our bilateral relations.

Today, despite the war in the neighborhood, Romania remains an attractive investment destination. Over 50% of investors look with interest at the Romanian economy, and over 40% of them direct their attention to supply chains or the logistics sector.

I am convinced that the Franco-Romanian cooperation model, a successful one with benefits for both sides, can prove auspicious, including regarding the investment projects provided for in the PNRR. In parallel, collaboration must be continued in areas with already confirmed potential, including to ensure a balanced and efficient transition to the economy of the future.

Ladies and gentlemen,

The Franco-Romanian partnership promoted by the French Chamber of Commerce, Industry and Agriculture in Romania has recorded remarkable results! And this is due to the pro-active approach, both at the level of business communities and in their relationship with the state authorities.

I am convinced that joint projects and initiatives find their concreteness through consistent, active and loyal bilateral relations.

I encourage you to remain as dedicated and engaged as possible to successfully face the challenges and make the most of the opportunities!”

The article is in Romanian

Tags: Iohannis war neighborhood Romania remains attractive investment destination

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