Romania Report|Articles on Romania in BBW

Prince Charles prepares to buy property in Transylvania

By: By Claudia Ariton | Date: 2006-07-14

While declining to give specific details on proposed total investment or location, an official spokesperson for Prince Charles at Clarence House, his official residence in London, told BBW last week that the heir to the British throne is interested in buying property here.
"The Prince of Wales's Charitable Foundation is currently looking into the possibility of buying and restoring a traditional Transylvanian house," said Gemma Smith, from the Prince's press office, in response to a series of BBW questions.
Smith declined to reveal specific details on what projects the Prince wanted to develop here, except to say his ideas were related to 'sustainable tourism.' She also declined to say why he was setting up such projects when he is already supporting an organization called the Mihai Eminescu Trust (MET) which is involved in the same type of projects in the same area. Charles has been the trust's Royal patron for five years.

US investors raise their profile

By: Dana Gheorghe | Date: 2006-07-14

With many Americans headed across the Atlantic on vacation following their national celebrations recently, official economic data released last week by the National Trade Registry office show total US investments here stands at 837 million USD with 4,607 registered companies, ranking it sixth in total FDI.
To help boost the figure further, Ambassador Nicholas F. Taubman (photo) hailed Romania as "a reliable partner" and "a go-to country."
Other major US investments emerged in the food industry, with Smithfield Foods executive VP, Richard J. M. Poulson, saying it will pour 850 million USD here over the next five years. Meanwhile, PepsiAmericas took over Quadrant Amroq Beverages (QAB), producer and distributor of Pepsi drinks in Romania and Moldova, after paying 98 million USD for the remaining 51 per cent stake.

Oradea prepares EU entry

By Raul Cazan | Date: 2006-07-14

ORADEA - Transformation of the city's infrastructure with millions of Euro in water, sewage and road projects and development of international hotels near the Baile Felix spa - these were some of the changes ahead for the Transylvanian city discussed at last week's BBW Power Breakfast.
Hosted in partnership with City Hall, the County Prefectura, leading investment fund, Advent, European Drinks and Eximtur, the event at the Black Eagle Hotel attracted numerous participants from fields such as IT, property and construction, energy, FMCG, industrial manufacturing and tourism.
"Within five or six years, Oradea will be a European-standard conglomerate, with widespread suburban housing and land prices increasing fast," said Mayor Petru Filip

French investors say oui to Romania

By: Paul Dreher | Date: 2006-07-13

After reaching 3.5 billion Euro, French investments in Romania are expected to continue to grow in the next few years, due to the French expansion trend targeted at attracting new funds, Philippe Boin, head of the Economic Mission within the French Embassy said. "The investment level will grow because there are companies here that have found success. Companies such as Renault or Groupe Societe Generale attract others to the market," Boin said.
According to French Ambassador Herve Bolot (photo), Romania's EU accession will also assist in boosting economic relations between the two countries. "Romania will join a single European market and it will be easier for foreign companies to enter the local market," he said.