about us | newsletter | contact | archive | members area
Mihai Patrascu, evoMAG
Competition is beneficial to the end customer»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

China has five investment projects in Romania worth over 118 million Euro

Five investment projects of some Chinese companies in Romania worth over 118 million euro were signed in China on the margin of the ministerial reunion for the economic and commercial promotion between China and the countries of Central and Eastern Europe, informs the ministry of economy.

2016-06-15 13:58:59

Five investment projects of some Chinese companies in Romania worth over 118 million euro were signed in China on the margin of the ministerial reunion for the economic and commercial promotion between China and the countries of Central and Eastern Europe, informs the ministry of economy.

The projects of bilateral cooperation aims at the following domains: auto, renewable energy, real estate and education. Thus, the Chinese investors intend to build a factory for auto parts in Brasov, the investment being estimated at 45 million euro. Similarly, there is a project in the domain of car ornments which will be made with an investment worth 17,6 million dollars and the construction of a solar power station of 20MW investment worth 33 million euro. At the same time, the Chinese intend to invest 23 million euro in the development of real estate units in the capital city and to develop a project of cooperation and exchange in the domain of education in Hunedoara.

The vice-prime-minister Costin Borc, minister of economy took part between 7-9 June to the second edition of the ministerial reunion for the commercial and economic promotion between China and the countries in Central and Eastern Europe, organised in Ningbo, China.

On the margin of the reunion were signed the five projects for investment of Chinese companies in Romania, an exhibition of investments and commerce was also organised where 12 Romanian companies were present, meetings with the representatives of the Chinese government took place where present issues of the economic and commercial bilateral cooperation were tackled.

"Today Romania has a new law regarding public acquisitions, law which clarifies and simplifies some aspects. We hope that these improvements make the investment sector more predictable in Romania," said Costin Borc during the conference.

According to him, the commerce between Romania and China was last year 3.8 billion dollars, and in Q1 of this year there was a slight increase of 1.4% of the exports of Romanian products on the Chinese market.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  10957 Views
Daily Info
Socar has opened the second filling station in Brasov and reaches a total of 39 stations

Socar has opened its 39th filling station in Romania. This is the second filling station to be launched under Socar brand in Brasov city, one of the Romanian tourism centers. ...

Hornbach opens an online store with over 27,000 products in Romania

Hornbach officially launches their online store in Romania, where customers can choose from over 27,000 products.

PM-designate Dancila: "It's important to implement governing programme"

Prime Minister-designate Viorica Dancila stated that it's important to put into practice the governing programme, but also 2018- the Centennial Year and prepare to take over t...

Colliers Romania appoints Laurentiu Lazar as new managing partner

Laurentiu Lazar will take over as the new managing partner of the real estate consultancy company Colliers International Romania, effective as of March. Ilinca Paun, the curre...

Skanska Romania appoints Aurelia Luca as new managing director

Skanska Property Romania, the local division of one of the largest real estate developers, announces changes at the top of management in Romania. Marcin Lapinski, Managing Dir...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
Contract for the purchase of 227 Piranha V armored personnel carriers, signed in presence of PM Tudose

The contract for the purchase of 227 Piranha V armored personnel carriers was signed on Friday in the presence of Prime Minister Mihai Tudose, Deputy Prime Minister Marcel ...

Iohannis: Justice independence, public positions' integrity are constitutional values not to be negotiated

Promoting the rule of law and Justice independence, fighting against corruption, ensuring integrity in public positions and dignities are constitutional values that cannot ...

PM-designate Dancila: "It's important to implement governing programme"

Prime Minister-designate Viorica Dancila stated that it's important to put into practice the governing programme, but also 2018- the Centennial Year and prepare to take ove...

Mihai Tudose announces his resignation as prime minister

Mihai Tudose announced on Monday evening, at the end of the Social Democrat Party (PSD) National Executive Committee (CExN) meeting, that he resigns as prime minister of Ro...

Garanti Leasing signs a loan agreement for 15 million Euro with EFSE

Garanti Leasing, part of Garanti Romania, has signed a loan agreement of 15 million Euro with the European Fund for Southeast Europe (EFSE). The facility is meant to increa...

EIB supports the modernisation of infrastructure in Oradea

The European Investment Bank (EIB) is lending 21 million Euro to the Municipality of Oradea to finance improvements to its urban infrastructure. EIB funds will also support...

Romania plays in the big league, says Deloitte survey

On the backdrop of a stable economic context in the region and with growing macroeconomic indicators, Romania has won the deal doers' trust now becoming a core market for p...