Croatia – Romania trade, up by 25 pc in H1; transport, energy, IT, tourism – growth potential

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Trade between Croatia and Romania had a 25 percent increase in the first six months of 2017, after a slight decrease in 2016, said Luka Burilovic, President of the Croatian Chamber of Economy, on Tuesday at the Romania-Croatia Business Forum, President Klaus Iohannis and his Croatian counterpart Kolinda Grabar-Kitarovic attending the event.

photo source: presidency.ro
photo source: presidency.ro

”There is high potential for improving relations, especially in areas such as transport and infrastructure, energy, ITC, defense industry, shipbuilding, tourism, strategic partnerships and joint ventures on third markets,” Burilovic added.

In turn, Croatian President Kolinda Grabar-Kitarovic stressed that the economy is one of the friendly links between the two countries.

”Our business communities benefit a mutually and advantageously economic partnership which really seeks to improve and strengthen our relations. We share common efforts to implement new economic steps,” Croatian President stated.

According to National Institute of Statistics (INS), the total bilateral trade between Romania and Croatia reached EUR 270.1 million in 2016, with exports totaling EUR 159.7 million and imports of EUR 110.4 million. According to National Office of Trade Registry (ONRC) data, on October 2, 2017, the number of active Croatian capital companies in Romania reached 144, with a total subscribed capital of EUR 4.27 million.

At the same time, President Klaus Iohannis said that entrepreneurship is a real engine for social change and innovation. It’s also important to strengthen regional energy cooperation in line with the EU principles and with the requirements of European energy security. Regarding energy cooperation, President Iohannis recalled the BRHA gas pipeline and the EU Strategy for the Danube Region.

He pointed out that in recent years Romania has recorded notable economic performances by record rates of economic growth in the European space, and also an increase by about 30 percent in foreign investment inflow in 2016, showing that this confirms the attractiveness of the Romanian economic environment.

 

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