Romania, Through Port of Constanta, Could Become the Fastest Route to Central Asia

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ALEXANDRU CRACIUN

ALEXANDRU CRACIUN

COMMERCIAL MANAGER at COMPANIA NATIONALA "ADMINISTRATIA PORTURILOR MARITIME" - SACONSTANTA

 

Q:  We are witnessing a low-level price for the energy, especially for the oil. How does the oil price revolution affect, in your opinion, the Romanian economy in 2016? Is there a question of too much oil or a lack of oil? If you choose the second answer, what is ‘the new oil’?


Alexandru Craciun: At the level of the entire economy, I don’t think there will be major changes in 2016 caused by the oil price slump. Even though the oil price has fallen sharply, in Romania, the gasoline and diesel prices have decreased to a lesser extent, thus balancing the revenues lost from selling cheap oil, in the case of big oil companies which are involved in extracting, refining and selling activities.

 

However, there are some industrial segments which have been hit very hard by the falling oil prices, like the offshore industry, highly affected by the freezing of the new projects.


In my opinion, the grounds of the oil crisis that we are witnessing today are to be found in the fall of an economic model. Based on recent advances in renewable energy production, green transport and communication, there are increasing reasons to believe that we are stepping into the third industrial revolution and leaving the fossil-fuel based economy behind. In this context, it is reasonable to think that the new oil is data.

 

Q:  From an executive point of view, taking into consideration ‘the new business equation’, what are the most important variables in the shipping and transit industry of Romania? Please detail and argument.


Alexandru Craciun: I think the most important elements for the shipping industry in Romania are related to the context within which this industry operates.

 

Firstly, we need a transport infrastructure that must enhance our competitive advantages in a market in which one mainly sells connectivity. In this respect, I could give two explicit examples, the Danube River and the Port of Constanta. Together they sum up an excellent transport system that could be greatly improved, with net benefits for the entire economy, if it were properly connected with the main entry points from the western border.


Secondly, we need business oriented authorities. The first step is to eliminate bureaucracy, but the main target is to make authorities think in business terms. Only then the authority can avoid blocking the logistical process and can give value to the whole transport system.

 

Also, as a Senior Consultant in Sfera Business, my role is to provide knowledge and experience in logistics and operations to the Romanian companies and professionals. As a member of the Sfera Business team, I strongly believe that the most valuable information in training sessions is provided by experts with important practical experience. This is also an important personal contribution to the Romanian business sector.
 

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