Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. PM Dancila: Turkish businessmen and those from...

PM Dancila: Turkish businessmen and those from Gulf countries are interested in investing in Romania

October 25, 2018

Turkish businessmen and those from the Gulf countries are interested in investing in Romania in infrastructure, healthcare and in developing large-scale public-private partnership projects, Prime Minister Viorica Dancila said within a presentation of the results following her recent visit to Turkey, the United Arab Emirates and Kuwait. “I recently concluded the visit to Turkey, the United Arab Emirates and Kuwait, states where I carried out high-level political-diplomatic meetings, as well as meetings with businessmen associations. It was a mission predominantly economic, which I returned from with concrete results, beneficial long-term results for Romania. Turkish businessmen and those from the Gulf countries are interested in investing in Romania in infrastructure, healthcare and in developing large-scale public-private partnership projects,” Viorica Dancila stated in the beginning of the Gov’t sitting. The PM mentioned that she carried out a very close discussion with the President of the Republic of Turkey. “Mr Erdogan assured me that Turkish investors are interested in building a regional hospital in Constanta equipped with 1,000 beds, as well as in increasing the volume of trade exchanges, from 7 billion US dollars to 10 billion US dollars,” Dancila stated. She mentioned that in the United Arab Emirates there was a huge interest for public-private partnership projects, but also for investments. “A company from the United Arab Emirates wants to invest over 100 million US dollars in logistic and industrial parks in Curtici, Aiud, Craiova, Constanta, Bucharest and Prahova County. There is also a great interest for the construction of the Bucharest Port on the Danube-Bucharest Canal. Taking into account this potential, that can be developed on the long term, we have agreed to create an economic strategic partnership between the Government of Romania and the Government of the United Arab Emirates, a narrower and more active cooperation framework at governmental level,” Dancila explained. The PM mentioned having seen in Kuwait the same interest in Romania, showed by the local investors. “A first concrete result is the prospect of collaborating with the ‘Ana Aslan’ Institute,” Dancila stated. The PM concluded that her visit to Turkey and the Gulf countries confirmed, once again, that Romania “is an attractive destination for the business milieu in view of developing some large-scale projects in areas where our country has potential for growth, both economically and socially.”   “We have the necessary budgetary resources to pay pensions and salaries in the public system”   The Government has the necessary budgetary resources to pay pensions and salaries in the public system, with the budget draft for next year to accurately reflect the existence of the necessary funds to pay for the increased pensions and salaries in the public system and for the increased minimum wage per economy, Prime Minister Viorica Dancila stated on Wednesday. “Related to the money for pensions and salaries: we have the necessary budgetary resources to pay for the pensions and salaries in the public system, according to our commitments made as part of our governing programme and the Salary Law adopted by the government. The PM also added that the Ministry of Public Finance is currently working on the draft budget for 2019, which is quite advanced. “The draft budget for next year will accurately reflect the existence of the necessary resource to cover for the increased pensions and increased salaries in the public system, the increased minimum salary per economy, as we committed ourselves in front of the Romanians that we will do. I lead a government that is convinced that the progress of our economy must be felt by the Romanians too, who need an increased income and a better life. This is the commitment that we made when we won the elections and we want to respect,” stated Dancila.

The post PM Dancila: Turkish businessmen and those from Gulf countries are interested in investing in Romania appeared first on Nine O' Clock.

Read in full - click here
Top artists, Athenaeum as cultural center: Bucharest's George Enescu Philharmonic unveils development plans

A 2024-2025 season studded with celebrated artists and turning the Romanian Athenaeum into a "lively cultural center" are part of the transformation and development process the George Enescu Philharmonic (FGE), housed by the Romanian Athenaeum, is currently undergoing, the institution announced. The FGE plans to offer the audience the "experience of a season of international […]

Offices: 41% of total take-up was recorded in the Dimitrie Pompeiu area in Q1 2024 in Bucharest

• Total leasing activity in Bucharest is 71% higher at the end of the first quarter compared to the same period last year. Bucharest, 8 April 2024 - The office market remains fluid and flexible. Two distinct trends have emerged in 2023: securing entry into prime new locations and optimising the portfolio through best value […]

Roma household inaugurated at Bucharest’s Village Museum

The House of Lazăr Năftănăilă, a Roma household brought from the village of Calbor, in Braşov county, has officially opened at the Dimitrie Gusti Village Museum in Bucharest. The house opened alongside a barn brought from Vişeul de Mijloc, in Maramureş county, which hosts an exhibition and VR venue showcasing elements of the history and […]

Politico: Romania’s Klaus Iohannis could replace EC president Ursula von der Leyen

The current European Commission president is running for a second term at the helm of the Union’s executive, but EU diplomats and politicians have been speculating on who could replace her. Politico Europe gathered the names being thrown around in Brussels and ranked their chances. Romanian president Klaus Iohannis is ranked as having the biggest chance to […]

STC Partners kicks off second phase of Quartier Azuga residential complex in Bucharest

Real developer STC Partners began the development of phase II of the residential compound Quartier Azuga, located near the Tei area in Bucharest, with an investment value of over EUR 15 million. This stage is to be completed by the end of 2025. Construction works at phase I are currently underway, the company said.  The […]

BVB Arena: Ascendia, the first one-stop shop e-Learning company in Romania

This article series tells the stories of the 15 finalists selected in the Made in Romania 2023 program. Made in Romania is the flagship program of the Bucharest Stock Exchange dedicated to the development and promotion of the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest […]