FERM 2024 | Message from the President of the Agency for Sustainable Development and European Integration “Lower Danube Euroregion”, Igor BABAIAN
100 economic opportunities for the development of the Moldova Region on the A7 Highway route
Panel: „INVESTMENTS”
Module VI – Romania – Ukraine, 18th Edition of the Moldova Regional Economic Forum, Vatra Dornei, 2024
SPEAKER – Igor BABAIAN – President of the Agency for Sustainable Development and European Integration „Lower Danube Euroregion”
TOPIC: „Investments between Romania and Ukraine”
Igor Babaian, the President of the Agency for Sustainable Development and European Integration „Lower Danube Euroregion”, emphasized the importance of cross-border investments between Romania and Ukraine at the „Moldova Regional Economic Forum 2024”. His message highlighted the necessity of expanding investments in infrastructure, energy, agriculture, technology, and services to stimulate economic growth and strengthen bilateral relations.
The role of investments in cross-border development
Cross-border investments represent a diverse flow of capital, expertise, and material and human resources between Romania and Ukraine. These investments aim to modernize transport and logistics infrastructure, create jobs, and reduce regional economic disparities. They also include cross-border cooperation projects, such as joint industrial parks and public-private partnerships, supported by international institutions like the World Bank and the European Bank for Reconstruction and Development (EBRD). „Investments are essential for stimulating economic growth, creating new jobs, and strengthening bilateral relations”, stated Igor Babaian.
The Lower Danube Euroregion: A strategic framework for cooperation
The Lower Danube Euroregion, which includes parts of Romania, Ukraine, and Moldova, provides a strategic framework for investment development. Regional cooperation facilitates collaboration between local and regional authorities, promoting an integrated approach to development. Joint projects in transport infrastructure, environmental protection, and tourism are essential for fostering innovation and economic development.
Babaian stated that „The Lower Danube Euroregion represents a tremendous opportunity for regional integration and attracting strategic investments.”
The impact of the war in Ukraine on investments
The war in Ukraine has posed significant challenges but also opportunities for economic restructuring and recovery. Damaged infrastructure and political uncertainty have reduced investor attractiveness. However, international support and technical assistance and financing programs are crucial for revitalizing the Ukrainian economy.
„Even in the face of adversity, the war has opened up investment opportunities in critical sectors like infrastructure and energy”, noted Igor Babaian.
The Transit of Ukrainian grain through Romania
Romania has played a vital role in facilitating the transit of Ukrainian grain during the war, providing a crucial export line. The Port of Constanța and secure transport corridors have ensured Ukrainian grain’s access to international markets. Regional cooperation has demonstrated solidarity and commitment to global food market stability.
Post-War investment development prospects
The reconstruction of Ukraine represents a significant economic opportunity for investors from Romania and worldwide. Investments in infrastructure, agriculture, technology, and energy are crucial for regional stability and prosperity. The success of these efforts will depend on effective cooperation between the Ukrainian government, foreign investors, international organizations, and neighboring countries, including Romania.
„Investments in Ukraine’s reconstruction are not just an act of solidarity, but also a major economic opportunity for investors from Romania and around the world”, concluded Igor Babaian.
Conclusions
In the conclusion of his intervention, the commitment to sustainable development and regional prosperity remains a priority, and international investors and partners are invited to join efforts in reconstruction and development.
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