Romania Commits to Ethiopia’s Investment Engagement

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Romania Commits to Ethiopia's Investment Engagement
Romania Commits to Ethiopia's Investment Engagement

Africa-Press – Ethiopia. Romania is committed to collaborating in investment and economic cooperation with Ethiopia as the country has opened up and a different environment is created, Romania’s Ambassador Lulia Pataki said.

Ethiopia’s transformative economic reform, launched in 2019 with the Homegrown Economic Reform agenda, involves macroeconomic and structural changes aimed at fostering the nation’s economy.

Key successes of the economic reform include strengthening private sector participation, improving the business climate, and achieving macroeconomic stability.

In an exclusive interview , Romania’s Ambassador to Ethiopia, Lulia Pataki, noted that Ethiopia is opening up its economy for investment, and it is time for Romania to come in and further push on enhancing economic diplomacy.

“Ethiopia is opening up. So there will be this different environment for investment and also for economic cooperation; and we have that commitment and we are working on it,” she added.

Speaking about cooperation in digital transformation, the Ambassador said Ethiopia has a strategy extended till 2030; and Romania is one of the leaders in ICT in Europe.

Ethiopia’s digital transformation, guided by the “Digital Ethiopia 2025” strategy, is progressing through infrastructure development, e-government services, and financial inclusion initiatives.

The strategy, which is a successor to the initial “Digital Ethiopia 2025” plan, sets more ambitious goals for the nation’s digital transformation journey through 2030.

The former strategy saw significant growth in digital financial services, the launch of a national digital ID system, and the digitization of numerous government services.

The Ambassador further stated Romania’s commitment to advancing the longstanding relations in the education sector between Ethiopia and Romania.

Ambassador Pataki elaborated that there were many Ethiopian students learning on scholarships in Romania and there is an opportunity to focus on education.

Such experience will offer Ethiopian students and professors to learn from each other, to learn about Romania and learn more about Ethiopia.

She also commended the longstanding cultural, traditional, and religious connection between the two countries.

Diplomatic relations between Ethiopia and Romania began on July 2, 1957. Romania had previously supported Ethiopia’s cause in the League of Nations during Italy’s invasion threat in the 1930s.

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