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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.
Foreign Invest Support Econ Growth Despite Pft Repatriation- Econ Min
19 iun. 2008, 18:01, English

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.