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Wednesday, November 17, 2004

U.S. Ambassador's Remarks at the Ex-Im Bank Infrastructure Conference

On November 16, at the Ex-Im Bank Infrastructure Conference held in Bucharest, Mr. J.D. Crouch II, US Ambassador in Romania, had a speech in which he pointed the folllowing ideas:

- U.S. is officially the fifth largest investor in the country, with U.S. investment totaling $875 million at the end of August. This number excludes many investments by U.S.-headquartered companies located abroad that would more than double this figure

- in order to have good foreign investments, Romania must have good infrastructure and good business climate.

- transparency in budgeting and spending, as well as decentralization (authentical one), are critical to sound infrastructure development.

You can find the wntire speech (which I guarantee is quite an interesting one) here.

Posted by Mihai : 11/17/2004 04:40:00 pm