Romanian companies keen to invest Ethiopian

Addis Ababa, May 26 – Due to the favorable policies put in place in Ethiopia, over 20 Romanian companies expressed their desire to engage in various investment sectors, according to Marius Nicolescu, President of Extra Europe Promotion Center.
 In an exclusive interview with WIC today, Nicolescu said that the stated number of Romanian companies are ready to take part and do businesses in Ethiopia.  “The companies with more than 30 years of experience are eager to engage in the areas of construction, mining and petroleum exploration, among others,” he noted.
 
The companies are also interested to involve in water drilling, engineering, and trade since there will be enormous opportunities in the sector in Ethiopia, he said.
 
Ethiopia’s political stability, huge untapped natural resources, market opportunities and incentives being given by the government are among the factors that attracted the attention of Romanian companies to invest here, Nicolescu said.
 
The companies have discussed with Ethiopian company owners and Addis Ababa Chamber of Commerce and Sectoral Association on how to work together so that they would commence investment soon, he said.
 
“Teams of the companies are well experienced in consultancy, erecting projects, vocational training, recruitments and placement of labor forces with proven success in the world,” he sad.
Last Updated ( Thursday, 26 May 2011 )
source..waltainfo.com