While on a State Visit to Romania, accompanying the President of Malta George Abela, including a trade mission organised by Malta Enterprise, Paul Abela, president of the small enterprises chamber, the GRTU, and Director General Vince Farrugia signed a bilateral agreement for increased cooperation with the National Council of Small and Medium Sized Private Enterprises of Romania (CIPMMR).

The GRTU representations were members of the trade mission which accompanied President George Abela during his state visit there. Both the GRTU and the CIPMMR are members of UEAPME, the European Association of Craft, Small and Medium-sized Enterprises

The agreement outlines various areas where the organsations can cooperate, but the main focus is to provide a safety net to Maltese and Romanian investors seeking to invest in one of the countries. This would provide additional peace of mind to investors and avoid unpleasant experiences.

Like the GRTU, the CIPMMR represent small and medium private entrepreneurs. Present during the signing of the agreement were director general Cristian Ionescu and vice president Marian Dumitrescu.

Romania is a market of 22 million people and the seventh largest in the EU27.