Ștefan-Radu Oprea, Minister for Business Environment, Commerce and Entrepreneurship, met today, in Berlin, Mr. Peter Altmaier Federal Minister for Economy and Energy. The talks focused on strengthening institutional relations and promoting Romanian-German cooperation, especially in the context of Romania taking over the EU Council Presidency in the first half of next year.
Ştefan-Radu Oprea said that the Romanian Presidency will focus on the “EU-Global Actor” priority, with impact on trade and entrepreneurship. Specifically, talks were held on finalizing negotiations for the next Multiannual Financial Framework, revising the Small Business Act in order to adapt to digitization developments, and also on intellectual property legislation, the creation a single digital market, and the future of the automotive industry in the context of USA-EU trade relations and the transition to non-polluting vehicles.
The German pary has shown its willingness to support Romania in the management of European files. Regarding the EU budget for 2021-2027, Minister Oprea proposed the provision of European funding for start-up enterprises and for the creation of a European network of business incubators and accelerators. The said proposals were received with interest from the German side.
The two dignitaries discussed concrete bilateral projects including: cooperation in the field of battery production for electric vehicles; creation of research and development centers in Romania in the context of the IT workforce potential; cooperation on third markets. It has also been agreed that efforts are needed to avoid international trade conflicts.
Ştefan-Radu Oprea presented the measures recently taken by the Bucharest administration to strengthen a competitive investment climate: simplifying the public procurement system, public-private partnership projects, adapting the legal framework and government programs to the company’s needs.
“There is a great appetite for the German companies investments in Romania, and we are ready to offer InvestRomania the best expertise should we be consulted and our opinion be valued. We are looking forward to the participation of German companies in the 31 projects selected by the Romanian government, feasible in a public-private partnership in Romania” Minister Ştefan-Radu Oprea said.
Peter Altmaier accepted the invitation to pay a working visit to Romania and confirmed his presence in Bucharest next year. The last visit of a German Minister of Economy to Bucharest was 20 years ago. It was also agreed to resume, in 2019, the works of the Romanian-German Economic Cooperation Council (CCERG) in a modernized form.
Germany is the main trading partner of Romania, accounting for about 23% of Romania’s total exports. In 2017 bilateral trade reached 29.5 billion Euros (+12.78% as compared to 2016), of which 14.35 billion Euros were Romanian exports (+16.5% versus 2016).
From an investment point of view, Germany is currently ranked third with an invested capital (direct investment as at February 2018) of EUR 4.83 billion and 22,498 investment firms.
Ministry for Business Environment, Commerce and Entrepreneurship