Businessman Ovidiu Tender isprepared to invest several hundred million euros in Africa intechnical and classical crops over the next ten years, in the oiland mineral resources sector, anticipating an international foodcrisis and a potential wave of recession over the next few monthsthat may sweep Romania after the fall of the US real estate market.Investments are made through Prospecţiuni, a stock-exchange listedcompany controlled by Tender, specializing in exploring mineralresources.
On the other hand, two of the bigcompanies of the Tender group, Fecne and Nuclearmontaj, whichproduced equipment for nuclear power stations and were among themost powerful industrial companies in Romania, areinsolvent.
"The US real estate market, whichhad started to get back on its feet, has fallen again, so we shouldexpect a decline in Romania, as well, over the next few months. Ithink the premises of a future food crisis are starting to emerge,the first signs are already showing. Worldwide, the populationincreases in a geometric progression, while food output increasesin an arithmetic progression, which leads to a food deficit," saysthe Timişoara-based businessman.
He controls a group that employs4,500 people and last year posted around EUR95 million in turnover.In 2008 the business of the Tender group amounted to $250 million(EUR171 million).
The shock that occurred on themetal market last fall, which led to a more than two-fold increasein the price of several basic raw materials and commodities in justone year reassures him that he has made a good choice in terms ofplans to explore and exploit Western Africa resources.
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