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British investors focus on long-term strategies

2723 afisari
Luciana Petrescu
While emphasizing that the total volume of British investment in Romania is estimated at four billion Euro, Raymond A. Breden, Chairman of the British Romanian Chamber of Commerce, believes that British investors would greatly appreciate more positive developments in Romania's efforts to cut red tape and improvements in its transport infrastructure.
At the same time Romania continues to represent an attractive investment destination due to the size of its domestic market, availability of skilled labour and the relative stability of the economy, Raymond A. Breden said in an exclusive interview with Business Arena. 

What is the total volume of British investment in Romania and which sectors of the economy have attracted the largest British investments so far?
The UK is the 10th largest source of foreign direct investment in Romania and 14th in terms of the number of companies present. Looking at direct investment in terms of share capital gives a false picture: the total volume of real investment is estimated at four billion Euro. The main sectors attracting investment are communications, insurance, healthcare, banking, tobacco, general business services, oil and gas, and engineering consultancy.

Are there new sectors of interest for British investors? Please elaborate.
The issue is not so much new sectors of interest but realising the potential that existing sectors offer. The extent to which existing opportunities can be turned into successful ventures depends to a great extent on whether Romania absorbs more EU funding for infrastructure projects, which in turn will increase opportunity for British investors.

To read the full version, see the print edition of Business Arena.

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