Financiarul

Foreign investors of Romania need long-term strategies in this country, agreed by all the political parties, focusing mainly on agriculture, energy and the IT sector, said on Monday, chairman of the German-Romanian Chamber of Commerce, Radu Merica at the Romanian Economic Forum.

“Foreign investors of Romania need long term strategies agreed by all the political parties. We have to count on 5 to 7-year long strategies. Each government changes strategy. From now on we should consider a long-term strategy agreed by all the political parties,” said Radu Merica.

According to president of the Chamber of Commerce, the main priorities of the strategy should be agriculture, energy and IT. “Big retail chains are members of the Romanian-German Chamber of Commerce. No one came to ask what businesspeople from Romania should do to get to the chains from abroad. In the energy field for instance, we might be energy exporters, while the IT is a sector in which many investments can be made,” said Merica.

“Within two years, Romania might turn from a cheap into a competitive country,” said chairman of the German-Romanian Chamber of Commerce, Radu Merica, at the Romanian Economic Forum. According to chairman of the Foreign Investors Council, Sachar Shaine, Romania is an opportunity for foreign investors because of the investments necessary in infrastructure.

“For the achievement of infrastructure works the investor goes through an auction, which includes challenges. We are not content with the process of challenges,” said Shaine. Invited to the Romanian Economic Forum, President Traian Basescu said that as regards the challenges changes might occur through which the companies which submit challenges and which lose suits to be hindered from investing anymore on the Romanian marker.

“There are companies which submit challenges whose solving in court takes long time. They submit challenges to obtain 5% of the project”s value, concurrently with giving up the challenge. This forces us to take harsh measures. If a company loses in court it can no longer work on the Romanian market,” said Basescu.