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PM Shinzo Abe in an official visit to Romania this week
The Prime Minister of Japan, Shinzo Abe, will make an official visit to Romania at the middle of January and five other Eastern European countries, including Bulgaria and Serbia. This will be the first visit by a Japanese prime minister in Romania in the last century.
Shinzo Abe will also visit Bulgaria, Serbia, and the Baltic states, namely Estonia, Latvia, and Lithuania. “I will expand the borders of Japanese diplomacy while confirming our tight coordination over the North Korean problem and other urgent matters for the international community,” Abe said in a meeting Between his cabinet and the ruling coalition, according to Digi24.
The Japanese prime minister’s Easter European tour will take place between January 12 and January 17.
Japan, the world’s third biggest economy, is only the 25th biggest foreign investor in Romania, according to official data from the Trade Registry’s Office. Japanese investors held stakes in 348 Romanian companies worth little over EUR 180 million, at the end of November 2017. Japanese investors are mainly active in the automotive sector.
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Japanese group Calsonic Kansei, a supplier for large car companies, will invest EUR 30 million in a new plant in Ploiesti, Southern Romania, which will employ 300 people.
The new factory, which manufactures electronic components, will be built near Calsonic’s current production center. The group is preparing the transfer of production capacities from Asia to Romania.
Calsonic made the final decision following talks with business environment minister Ilan Laufer. The minister made a visit to Japan in September.
The Japanese group opened its first factory in Ploiesti in 2006. It produces radiators for cooling systems, intercoolers, heaters and air conditioning systems, with 630 employees.
Calsonic Kansei is one of the world’s leading automotive components suppliers. Its customers include Renault-Nissan, Audi, Volkswagen, Daimler, Peugeot, Mitsubishi, Subaru, Mazda.
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The association of Italian firm Astaldi and Japanese group IHI Infrastructure Systems will build the suspended bridge over the Danube at Braila, reports local Economica.net.
This is the largest road infrastructure contract awarded in the last 27 years. The project is estimated at RON 1.99 billion (EUR 434 million), without VAT. The project will be financed with EU funds.
The contract will be signed after the appeal period ends. It has a 48-month duration. Of the total period, 12 months are for design and 36 months for construction. The project has a guarantee period of 120 months.
The bridge will connect the Dobrogea region to the rest of the country. It could become operational in the next five-six years, and will be mostly used for internal routes. It will also make it easier for tourists from Poland, Ukraine or Russia to the Romanian seaside and Danube Delta.
People in the Braila area who want to cross the Danube currently need to take the ferry or take a detour of more than 100 kilometers to get to the bridge at Giurgeni-Vadu Oii.