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
The Kakheti Regional Roads Improvement Project for Georgia aims to reduce transport costs and improve access and traffic safety for the Kakheti regional roads.
more »
“Don Quixote – Made in Romania” brought the curtain down on the Cultural Days of the European Central Bank (ECB) 2009, with an expressive combination of tap dance, folklore, pantomime and martial arts.
more »
The Latvian Finance and Capital Market Commission permitted Mr. Vladimir Antonov, who is also the main shareholder of AB Bank SNORAS, to acquire and manage up to 33 per cent of the shareholding of the Latvian bank AS “Latvijas Krajbanka”.
more »
On October 30, the French-capital company “Eurovia Lietuva” opened a new asphalt plant near the capital city Vilnius. The company invested EUR 3.5 million into the new factory which is located near the old manufacturing facility to be closed soon.
more »
During the extraordinary general shareholders' meeting of AB Bank SNORAS, which took place on 5th November 2009, it was decided by additional contributions to increase the authorized capital of the bank by more than LTL 88 million.
more »
The French-capital company “Eurovia Lietuva” opened a new asphalt plant near the capital city Vilnius.
more »
“Banking Market in the Baltics 2009-2011, CEE Banking Brief” report recently presented by Intelace Research states that, despite the current economic recession, Estonia, Latvia and Lithuania are still among the most advanced banking markets in Central and Eastern Europe (CEE).
more »
The Bank of Lithuania permitted AB Bank SNORAS to include in the second level capital LTL 72.5 million (EUR 21 million) worth emission of termless debt securities distributed via non-public distribution on 31st August this year.
more »
The remit of the Parliamentary Committee set up to examine the financial crisis was debated at its first meeting on Wednesday (4 November).
more »
Europeans can now use direct debit from their home account to pay bills anywhere in the EU.
more »