ADRIEAN VIDEANU Reindustrialization and energy security - the major challenges of the Ministry of the Economy

TRADUS DE COSMIN GHIDOVEANU
Ziarul BURSA #English Section / 8 aprilie 2009

Adriean Videanu, Minister of the Economy: "We have a unique potential among countries in this part of Europe, when it comes to the energy sector, and we can"t afford to miss out on it"

Adriean Videanu, Minister of the Economy: "We have a unique potential among countries in this part of Europe, when it comes to the energy sector, and we can"t afford to miss out on it"

Cosmina Capalău

The Minister of the Economy, Mr. Adriean Videanu, yesterday stated, during the Romanian-Jordanian Business Forum, that his ministry is currently facing two major challenges - Romania"s reindustrialization and energy security.

"When it comes to reindustrialization, we have the opportunity to resort to European funds, which will allow us to capitalize on our existing resources, as well as offset components, (ed. note: the acquisition of special technologies)", he added.

Concerning the recent gas crisis, the Minister of the Economy mentioned that Romania has demonstrated that it is stable and it has the ability to handle these issues. "Romania"s energy sector can play a major part in the economy; we have a unique potential among countries in this part of Europe, when it comes to the energy sector, and we can"t afford to miss out on it", Mr. Videanu said.

As part of the event organized the Romanian Chamber of Commerce and Industry (CCIR) together with the Chamber of Commerce and Industry of Bucharest (CCIB) and the Jordanian Investment Bureau (JIB), Mr. Videanu maintained that this business forum helps the creation of economic relationships between business people in the two countries. According to the Mr. Videanu, "we can be an important platform for the reindustrialization process. The Ministry of the Economy is banking on direct investments, and I believe that the private sector has all the necessary expertise to put these investments to good use".

Opportunities for investors

The Romanian-Jordanian Business Forum led to the signing of bilateral cooperation agreements between the two Chambers of Commerce, as well as between other major institutions from both countries.

Mihail Vlasov, the chairman of the CCIR (Romanian Chamber of Commerce and Industry), said that this forum is "a good opportunity for the conclusion of protocols and bilateral agreements. The Romanian-Jordanian Business Council, that was created at this event, represents a key element for the cooperation between the two countries". He said that this new institution will help attract major companies, which can truly help expand the trade relationships between the two countries.

Robert Donose, Senior Counselor of the Romanian Agency for Foreign Investments (ARIS), stated, at the end of last year, that there were over 3000 Jordanian companies operating in Romania, most of them small and medium enterprises, amounting to 1.9% of the total number of foreign companies in Romania.

When it comes to the investment climate and the business opportunities that Jordan offers Romanian entrepreneurs, Mr. Maen Nsour, CEO al of the Jordanian Investment Bureau, mentioned that Jordan holds the 48th spot out of 134 countries in the Global Competitiveness Report for 2008, whereas in the World Investment Report for this year, Jordan holds the 6th spot out of 141 countries. Mr. Maen Nsour said he hopes that these numbers will convince Romanian business people to focus on the opportunities that the Jordanian business environment has to offer, which will help strengthen the relationship between the two countries

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