Foreign Invest Support Econ Growth Despite Pft Repatriation- Econ Min

Foreign investments supported Romania’s economic growth even if certain companies repatriated their profit, Romanian Minister of Economy and Finance, Varujan Vosganian, said Thursday during a seminar on economic issues.

8 views

The minister added that foreign investments triggered a management evolution, bringing new technologies and creating new jobs.

"In the energy sector, foreign investments are seen as a solution to comply with environment standards and to cut energy intensity. Foreign investments are expected to cut energy intensity by up to 30% until 2013," Vosganian said.

The minister said foreign investments connected Romania to international markets, adding that their main negative impact would be the repatriation of profit.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.