ISRAEL AND ROMANIA SIGN BUSINESS COOPERATION AGREEMENT

JERUSALEM. June 29th, 2015 – The Israel Chamber of Commerce, headed by
Chairman Att. Uriel Lynn, signed an agreement for business cooperation with
his counterpart, Mihai Daraban, head of the Chamber of Commerce and Industry
of Romania, during a recent visit by an Israeli business delegation to the
country.

The agreement aims to promote trade relations between the business sectors
of both countries through various activities directed at both Israeli and
Romanian businesspeople. Additionally, the agreement emphasizes the
intention of both chambers to work together towards promoting both
countries' business sectors, encouraging investments, and developing and
increasing bilateral trade. The two chambers will keep an open channel of
information in order to facilitate the involvement of businesspeople and
companies in different projects and joint business collaborations.

Lynn said: "The economy of Romania is growing. The geographic distance is
short and there is room for much more cooperation in many fields, including
cyber-security, agriculture in all its forms, national security, logistics
and shipping."

Attending the signing were Israel's Ambassador to Romania Dan Ben Eliezer
and Israel’s Foreign Trade Administration's trade representative Matan
Safran.

According to Safran, "Romania is an economic target country for Israel.
Beyond the close relations the states share, there is a fruitful system of
trade and investments between the two countries. The volume of trade stood
at $400 million in 2014 and is on the rise. Israeli investments in Romania
are estimated at €150 million per year; several investors who were ‘sitting
on the fence’ following last decade's financial crisis have now shown
renewed interest."

Safran added that during the visit, and in light of the signing of a
memorandum of understanding to increase cooperation, the Israeli trade
mission sponsored a roundtable including representatives of ten leading
Israeli companies active in the Romanian market to maximize trade potential
between the two countries. "This round table enabled the companies to
showcase their activities, to ask questions and to utilize the platform
created between the two organizations. The trade mission applauds the visit
and will aspire to hold a similar meeting with additional companies in the
future," Safran said.

Among the representatives at the round table were officials from Bank Leumi,
Tuborg Romania, New Kopel Sixt, Gilinox and others.