However, since the infrastructure in the field is mostly managed by state-companies, which are poorly administrated, this may prove a challenging endeavor, he warned.
Speaking at an event hosted by the American Chamber of Commerce in Romania, Gitenstein said most of the managers in the public sector have been appointed based on political criteria rather than on their business skills.
Romania’s only chance is to align itself to a global economy and the authorities need to make sure that the country is attractive to both local and foreign investors, he added.