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Ireland and Romania are set to boost their business relations

2426 afisari
Luciana Petrescu
Focusing on further developing Irish - Romanian bilateral commercial relations, seasoned diplomat Oliver Grogan, the Ambassador of Ireland to Bucharest, is confident that Romania has what it takes in order to attract more FDI. In an exclusive interview with Business Arena, the Irish diplomat pointed out that Romania had already made significant efforts towards improving its business climate and modernising the legal framework in recent years, but he emphasized that the country should sustain such initiatives in the medium and long term.
Describe the evolution of the economic, political and cultural relations between Ireland and Romania?
1990 was the significant year in the evolution of Ireland-Romania relation.  It saw Romania transition to a new phase in its own political development in the aftermath of the revolution some months earlier and was the year in which diplomatic relations were established between both our countries. 
Many Irish people remember the year for the penalty shoot out between Ireland and Romania at the Italia ‘90 World Cup. Both teams had a golden generation of footballers and the names of Gheorghe Hagi (Steaua) and Daniel Timofte (Dinamo) still roll off the tongues of Irish people with ease. However, it was also the beginning of an extraordinary journey of discovery for Irish people when the plight of children in Romanian institutions following the fall of communism generated a huge outpouring of charitable goodwill in Ireland, the legacy of which is still felt today. A number of Irish volunteers and NGOs continue to work on humanitarian projects in Romania, particularly in residential homes for children and supporting the ‘care in the community’ arrangements for a number of adults that they first met as children in the early 1990s.
1990 was also the beginning of a decade of sustained growth as Ireland emerged from the dark economic days of the 1980s and transitioned from one of the poorer EU member states to one of Europe’s strongest economies.  Many of the lessons learned by Ireland in that economic journey can be applied to Romania as it seeks to take advantage of its recent accession to the European Union. Now, over 20 years later, Ireland and Romania are partners around the European table and are seeking to optimise the benefits that this new dimension to our relationship brings.

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