Antena 3 CNN Business Daily Income. Chinese funded investments

Daily Income. Chinese funded investments

Daily Income. Chinese funded investments
11 Iun 2014   •   17:05
At a time when the net investments in the economy, otherwise much needed, declined in the first quarter, according to the INS, by over 7% compared to 2013 -  the financial fuel of the  Romanian investments engine could come from China. It remains to be seen for how long  we will be waiting for the Chinese after  we waited for more than half a century for  the  Americans and  the Europeans.

The solution seems to come from China for the  Oltchim power plant. After years of failed attempts, the Chinese want to  invest in Râmnicu Vâlcea . But Oltchim is  not the only objective that the Chinese investors  target. They are interested in the modernization and expansion of the  production capacity in thermal power plant at  Rovinari, in  the development  of Units 3 and 4 of Cernavoda and the building of the hydroelectric  power plant in Tarniţa.

But the Chinese want to  invest in infrastructure too: building the  highway  of Craiova - Pitesti and the construction of  the high-speed railway Bucharest - Constanta. In fact, two months ago Deputy Prime Minister Liviu Dragnea signed a memorandum with the Chinese regarding the onset of the  technical analysis for high-speed rail line linking Constanta to the Hungarian border, via Bucharest, a project whose costs would amount to approximately 11 billion euro.

Chinese investors would also be interested in the IT field and access to the Chinese market of Romanian products, especially those of animal origin.

Trade between Romania and China amounted to 3.28 billion dollars last year, according to the Ministry of Economy. And in the first three months of this year, the amount has increased by over 23% compared to same period of 2013, reaching 931 million dollars.

Entrepreneur Ilan Laufer, invited on the  Daily Income show, said that "Romania represent  a zero point of interest". "It is one thing to make an investment in a western state, whatever it may be, and there’s another thing to make  investments in Romania. Romania has not yet passed the alphabet of  road  and rail infrastructure and fierce. Therefore any investment they would make in Romania becomes a strategic investment, " Ilan Laufer said.

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