Americans interested in oil and energy

The main economic sectors likely to attract American investments are the energy and oil industry, while the privatisation of Banca Comerciala Romana (Romanian Commercial Bank -BCR) will probably not attract any U.S.-based financial institutions, Obie Moore, president of the American Chamber of Commerce of Romania (AmCham) said. “The foreign investment volume in Romania could go up by 10%-15% next year; however, estimating the share of American investments would be pure speculation,” Moore said. “The most interesting economic sectors to US-based companies are the electrical power production, the oil and natural gases sector. Considering the current situation on the international financial markets, I don’t think any American bank will participate in the privatisation of Banca Comerciala Romana,” the AmCham president added. American investments in Romania amount to less than one billion dollars, compared with five billion dollars in Hungary or Poland. ZF