American investments in Romania reach $835 mln

Newsroom 14/09/2007 | 16:36

“American companies such as Coca-Cola, Qualcomm, General Electric and Solectron decided that Romania represents an important point within the strategy for Europe. We believe that Romania's accession to the European Union will bring more such companies here,” said Dyck.
He added that American firms were interested in the energy sector and infrastructure projects in Romania. The value of the American imports here totaled $1.1 billion last year, while local exports to the US reached $550 million. Romania imported mainly cars and machines, mineral combustibles, exported textiles, footwear, iron, cars, meat and medical equipment. According to Dyck, commerce between US and a series of the states which joined the EU in 2004, including Poland, Lithuania and the Czech Republic, registered increases of over 50 percent. He estimated that commercial exchanges with Romania will have a similar dynamic this year too as well as in 2008.
Dyck also cited the Romanian business environment's main areas for improvement – the sustained fight against corruption, the protection of intellectual property, the facilitation of the unrolling of commercial contracts and transparent decision-making by the Romanian authorities.
Among the main advantages in Romania he noted the cheap, qualified labor force and the country's geographical position.

Andreea Marinas

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