Coinciding with Romania’s entry into the European Union (EU), its trade with India will be touching the $1 billion mark by the end of March 2007
Published:
23 September 2004 y., Thursday
This comes as good news especially for India since it has been trying to improve ties with countries which are becoming part of the expanded EU.
Indo-Romanian trade rose 200% during the first seven months of the current calendar year. It was around $30.85 million last year and currently till July, the export figures indicate that it has touched almost $92.36 million. The imports from India rose from $44.33 million in the first seven months to $72.28 million.
“Romania is an attractive destination for Indian investments due to its sizable market (the second largest in central and eastern Europe). The Indian business community should make full use of the country as a bridgehead to central European countries, particularly in view of Bucharest joining the European Union in 2007,” Vasile Sofineti, Romanian ambassador to India told FE.
The most colourful aspect of this bilateral relation is that Bollywood production houses are choosing Romania for shooting films.
Romania represents an attractive destination for Indian film industry, ready to shoot in incredibly beautiful places that the country can offer. It is also an attractive destination for Indian businessmen starting with textiles going through pharmaceuticals, up to IT products, the Romanian ambassador said.
Adding that “with the new government in place now and the EU membership in 2007, the time is ripe to strengthen the Indo-Romanian trade relations.
Šaltinis:
financialexpress.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
In European sustainable energy week 2010, new EU energy commissioner presents strategy to reduce Europe’s dependence on fossil fuel.
more »
The EBRD is launching a Project Complaint Mechanism, which is expected to enhance the accountability and transparency of the Bank’s operations.
more »
The EBRD is boosting the availability of local currency financing in Armenia with a synthetic loan in Armenian Drams (AMD) worth $4 million to FINCA UCO CJSC for on-lending to local micro and small enterprises (MSEs).
more »
This year is the UN year of biodiversity and it brings endangered species into the spotlight.
more »
The World Bank Board of Directors today approved a US$65 million project to support the recovery of Haiti’s critical infrastructure as well as the reestablishment of basic State functions following the devastating 7.0 magnitude earthquake on January 12, 2010.
more »
Haiti’s arduous reconstruction and recovery process jolted forward today following fresh commitments to help the Caribbean nation rebuild in the wake of its devastating January 12 earthquake.
more »
A mission from the African Department of the International Monetary Fund (IMF) visited Uganda during March 4-17, 2010, to conduct the seventh and final review under Uganda’s Policy Support Instrument (PSI) and reach understandings on a policy framework for a new three-year PSI to cover the period 2010 to 2013.
more »
The European Economic and Social Committee (EESC), as the first EU institution, rose to the challenge of providing a comprehensive vision for the future of the Common Agriculture Policy (CAP), in advance of the European Commission's papers on the matter, due to be issued later this year and in 2011.
more »
The outlook for primary energy supplies, heat, and electricity is questionable for the Eastern Europe and Central Asia region, despite Russia and Central Asia’s current role as a major energy supplier to both Eastern and Western Europe.
more »
The Executive Board of the International Monetary Fund (IMF) today approved a 36-month, SDR 513.9 million (about US$790 million) Stand-By Arrangement (SBA) for El Salvador to help the country mitigate the adverse effects of the global crisis.
more »