Turkish businessmen favor Romania as investment destination

Representatives of TIAD, the Association of Turkish Businessmen in Romania, are calling for closer economic cooperation, following a strategic partnership agreed by Romanian and Turkish presidents last month.

This new partnership aims at doubling trade between Turkey and Romania to EUR 10 billion. The two countries will also increase cooperation in the energy, environment and military sectors.

“Turkish businessmen have invested in numerous fields, from heavy industry to mass-media and the banking sector, and will further develop businesses in energy, mining and agriculture,” said Omer Susli, TIAD president.

“We need to help each-other on domains of importance, such as energy and transportation. In the same time, we need to identify specific cooperation opportunities, under joint ventures on third markets”, said Teodor Baconschi, minister of Foreign Affairs.

Companies with Turkish capital have invested over EUR 2 billion in the Romanian economy during 2010, and had a combined turnover of EUR 5 billion. At end-September 2011, 12,388 companies with Turkish capital were registered in Romania.   

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Turkey is the 4th export and 9th import partner of Romania. At end-November 2011, trade between the two countries totaled EUR 4.3 billion.    

Ovidiu Posirca