Turkish businessmen plan to double their investments in Romania
Date: 10-03-2010
Turkish businessmen plan to double their investments in Romania in the next two years to 8 billion euro, President of the Turkish Business Association Omer Susli declared during a seminar on the financing of the Turkish companies' businesses that operate on the Romanian market. Commercial exchanges between Romania and Turkey registered last year about 4 billion euro, a 41% decrease compared to 2008. For 2010 we plan to have a 20% increase, Susli explained. He said that the Association plans to increase by 20 percent the businesses between Romania and Turkey, because anti-downturn measures have been firmly taken in Turkey and the economic situation is now stable and the Turkish capital is interested in Romania.Currently, Turkish capital investments in Romania rest in the banking, constructions, production or retail sectors. Even though 2009 was slow in terms of business, the total investments in Romania registered a little over 3 billion euro. Mutual deliveries are most active in the following sectors: metals and metal products (46.1 percent in export from Turkey to Romania and 22.4 percent in Romanian exports to Turkey), machinery, devices and electric equipment (13.1, respectively 19.8 percent), petrochemistry (20.5 percent compared to 16.8 percent), vehicles and transportation equipment (8.2 and 9.7 percent respectively) and textiles (1.7 percent in Turkish exports and 13.5 in Romanian exports).
Susli said that TIAD's purpose is that bilateral commercial exchanges amount to 8 billion euros by 2012 and he added that among the most important companies in Romania where Turkish capital was invested, there are: Arctic, Rulmentul Barlad, Prolemn doors factory based in Reghin, which successfully exports in China, as well, despite the global downturn.The five sectors represent over 50% of the commercial exchange between the two countries.
TIAD was established in 1997 and, at present, it has 5,000 members, who registered in 2009 a turnover of over four billion euros. TIAD members operate in fields such as finance, insurance, health, production, construction, retail etc.
