Park infrastructure to 'gain investment'
Money is set to be allocated for investments in an industrial park in Romania, according to reports.
It is expected that the government will allocate 4.8 million euros (£3.2 million) in the development of Industrial Park Tetarom III, which is situated in Jucu, reports zf.ro.
They will be used to boost the infrastructure and improve utility works in the area, the minister of economy and finance Varujan Vosganian announced.
Such investments follow those from Nokia, the paper stated, which Mr Vosganian said will encourage even more people to make investments into the country.
The investments also follow those from government in the past, when it allocated 12 million RON (£2.5 million), the paper said.
"Romania can narrow the technological gap separating it from the rest of the European Union by setting up industrial parks, such as the one in Titu (near Bucharest) as well as the Nokia Park, which attract high technology," he told the paper.
In related news, a car safety firm - TRW Automotive Safety Systems - has recently stated that it is to invest in Romania.
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