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Growth potential of commercial-investment relations between Romania, Poland, discussed by Ministers Cadariu, Nowak

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Constantin-Daniel Cadariu

The substantial potential for growth of the commercial-investment relations between Romania and Poland was emphasized on Thursday by the Minister of Entrepreneurship and Tourism, Constantin-Daniel Cadariu, during a meeting with the Polish Minister for Economic and Technological Development, Piotr Nowak.

"On the sidelines of the Romania - Poland Governmental Consultations, taking place in Warsaw on March 3, current year, Constantin-Daniel Cadariu, Minister of Entrepreneurship and Tourism, had a bilateral meeting with Piotr Nowak, the Polish Minister for Economic and Technological Development and presided, together with him, the Romania - Poland Business Roundtable. The bilateral meeting was an occasion for a review of the evolutions and perspectives to amplify commercial, investment relations and cooperation in production between our countries, noting priority domains, the impact of the pandemic and the measures implemented by the two governments for economic relaunch, support programs for entrepreneurship and investors, current files in the domain of commercial policies at the level of the European Union and the World Trade Organization, as well as the effects of the crisis generated by the Ukraine - Russian Federation conflict," mentions a release sent on Thursday, to AGERPRES.

According to the quoted source, for the support at the institutional level of the development of bilateral relations, the two ministers agreed on several activities, among which: the organization of a new round of consultations on economic topics at the level of state secretaries for foreign trade in the course of this quarter and the opening in Warsaw, in the coming period, of a Romanian-Polish economic forum, by which to facilitate contacts between the business environments of the two countries and better present the opportunities offered by Romania, Agerpres.ro informs.

Thus, the possibilities to amplify the bilateral economic cooperation were analyzed during the Business Roundtable presided by the two ministers. The Romanian side saw the participation, at the leadership level, of the Authority for Romania's Digitization, EximBank, Romarm, ROMAERO, Rombat, Hidroelectrica and Bitdefender.

In the first 11 months of 2021, the Romanian-Polish commercial exchanges rose by 25% over the same period of 2020, totaling 8.36 billion euro, of which 2.75 billion euro in exports (+29%) and 5.6 billion euro imports (+23%). According to estimates, throughout the entirety of 2021 the bilateral commercial exchanges totaled 9 billion euro.

Poland occupies the 19th spot among foreign investors in Romania, with 1,359 companies registered (0.57% of the total number of registered companies with foreign capital) and a total value of the social capital in currency equivalent of 311 million euro (0.68% of total investments in Romania).

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