German investments in Romania decreased by two thirds, German ambassador says

Newsroom 15/11/2010 | 13:36

German ambassador Andreas von Mettenheim said German investments in Romania decreased by two thirds this year, and that Romania has to pay debts of approximately EUR 140 million to German companies, during a talk show on Pro TV channel.

“Of course, the idea is not that only German firms should get their money back. All investors must get their money back. And this is important not just for the respective firms but for Romania’s reputation abroad,’ said the German ambassador on Pro TV.

The German companies that Romania has to pay debts to are suppliers of equipment for the Romanian Railways, energy companies and some other smaller suppliers.

The German diplomat explained that Romania needs to be a trustworthy partner who can pay debts.

The German ambassador also said German investments in Romania have decreased.

“This year it is true that German investments in Romania have increased by two thirds. It is not a very good sign,” said the German ambassador, explaining that investors are waiting for the moment when the crisis will die down in Romania.

Otilia Haraga

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