Romania Needs To Draw More Investments To Energy - FIC
Romania has major potential for growth on the energy segment, but exploitation requires large investment, which will be not drawn from private investors as long as policies are not consistent and credible, officials of energy market players said Tuesday.
Steven van Groningen, president of the Foreign Investors Council, said investment in Romania requires incredibly large sums, adding the money can come from savings, loans or EU funds. However, according to van Groningen, foreign direct investment should be a priority for the future.
For the energy segment, the sums necessary are very high, and projects take a long time to implement, so investors need to make sure that projects are profitable in the long run, the FIC official said during an energy forum.
According to van Groningen, who is also chief executive officer of Raiffeisen Bank’s local subsidiary, Romania has taken important steps towards increasing economic stability, but the measures are still insufficient.
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