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While in France, Romanian president lobbied for foreign investments

Miercuri, 31 mai 2006, 0:00

The Romanian president Traian Basescu had meetings with over 50 businesspeople whom he presented the Romanian economic environment while in an official visit to France. He promised investors that Romania is a good place for investments as this is the sixth consecutive year when the country records positive economic growth, ranging between 4.5 and 8%.

Basescu admitted there were still some bureaucratic problems, but corruption diminished in the public administration and the new Fiscal code will favour the businessmen. An advantage to the French investors is represented by the fact that Romania is a francophone country.

Once Romania becomes an EU member, the European Commission will grant funds of 30 billion Euros that will be directed towards infrastructure’s development. Some other 30 bln Euros will be borrowed as Romania’s external debt is low and allows this measure, and will be employed in agriculture, food industry, wood industry and tourism.

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