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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.

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