The Romanian Register Issue 25
*** Wednesday, 02 July 2003
*** Friday, 04 July 2003 ***
*** Sunday, 06 July 2003 ***
I set out to go to the pool but the clouds and cool air dissuaded me. Finally I took some diarrhea medicine and walked through Cismigiu and then over to La Mama for some mici and french fries. I couldn't finish my usual portion because whatever I have has depressed my appetite. I shall have to be careful to see that I eat enough in the next few days.
*** Friday, 11 July 2003 ***
I participated in a symposium in Oradea on "What is to be done to attract private investment to Romania?"
I felt that there would be a lot of people taking a lot of time to say not much so I decided to be brief:
"There are a variety of things that need to be in place to make Romania desirable as a place to invest in. One of these is consistent public leadership. A place where decisions are made that are adhered to, a place where promises become reality, is a desirable place for foreign investment. Since debt is repaid over a number of years, knowledge that it will be repaid regardless of the administration in which it was incurred is an important factor in investment.
"Another factor that works to encourage investment is a realistic evaluation of infrastructure. A community wishing to encourage investment needs a transparent process that accurately describes the capabilities of existing infrastructure to meet the needs of investors. This can be a "high tech" system like GIS but there are "low tech" solutions as well.
"Municipalities can have the advantages of easy access to markets, an energetic workforce, a well-educated population and available land but may possibly have inadequate financial resources to invest in infrastructure. Both side, public and private, need to understand that only a partnership will succeed. Infrastructure is usually seen as the responsibility of the LGU but sometimes it is wise for the private sector to finance its own infrastructure needs.
"Truly effective partnerships are based on mutual contributions in which both public and private sides bring something to the table. A clear understanding of this and determination to succeed can indeed attract private investment to Romanian cities."
*** Saturday, 12 July 2003 ***
*** Sunday, 13 July 2003 ***