Acasă » General Interest » Romania and Hungary have to trust each other to make money together

Romania and Hungary have to trust each other to make money together

11 November 2022

Romania and Hungary are like yin and yang and could create a long-term business partnership if they could trust each other and put aside the historical paranoia between the two countries.

“It’s a complicated decade and I think rather than being paranoid we should make money together. We can move things forward. I view Hungary and Romania like yin and yang. And I think that in the next decade if we will be able to create trust between our private entities we can go beyond any other elements of competitive paranoia which historically have been in between our two nations”, Radu Magdin, CEO of Smartlink Communications stated, at the conference “Regional approach Budapest: Cooperation” organised by Energynomics.

In his view, political instabilities have been the strategic weakness of Romania, but the next decade could provide more stability for the country. On the other side, Romania is still caught and will continue to be caught for at least three more years in the word “potential”, but there are several advantages that should be considered.

One of them is the size of the country, inhabited by almost 20 million people, and this could be an opportunity for the Hungarian private sector to invest in Romania. Second, Romania is in favor of the free market and Hungarian companies have the possibility to invest not solely in Transylvania, but also in Moldavia or the southern part of Romania. All these opportunities are completed by the future Anglo-Saxon finance that will be poured into Romania in the context of the war in Ukraine.

“We are on the right side of history on the Russian war on Ukraine. I think we are going to see a lot of Anglo-Saxon money circuits coming towards Romania (…)”, Magdin added.

The conference “Regional Approach Budapest – Cooperation” is organized by Energynomics with the support of our partners: ABB România, Kawasaki Gas Turbine Europe, Volt.

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