Radulescu, who is also vice-president of the European Spas Association (ESPA), added that authorities should take measures in the zones with springs, while massive investments are required in spa resorts countrywide.
Baile Herculane is the pioneer of the Romanian spa resorts, as it is the oldest resort in Romania (over 2,000 years) thus, important investments need to be made there, according to Radulescu.
“The money could come from EU funds, own sources, from the budgets of local and county councils. (…) Other sources can also be attracted from the capital market,” Radulescu said.
Romanian spa tourism company Tusnad SA (TSND.RO), whose board chairman is Radulescu, started trading Monday on the Bucharest stock exchange’s AeRO market, after it was transferred from Rasdaq.
Tusnad SA has Romanian capital and is majority owned by regional investment fund SIF Transilvania (SIF3.RO).
According to Radulescu, Tusnad SA plans to attract EU funds worth EUR2-3 million to upgrade 2 and 3 star-hotel Tusnad.