The report also highlights that Romania was the leader of the Eastern European area last year by the number of foreign-owned companies – 155,517 -, “which points to the improvement of the business climate”, vice president of the Romanian Agency for Foreign Investment (ARIS) Monica Barbuletiu said.
Romania ranks 2nd in the region by the number of greenfield projects in the last five years, thus proving “Romania’s real attractiveness to the foreign investors”, Barbuletiu stressed.
According to figures made public by ARIS, as many as 1,384 projects have been implemented since 2003, with Romania following in the footsteps of Poland, which has 1,445 such projects.
“The foreign investments immediately after 2000 were backed by the major privatisations, but such investments have been based on greenfield projects mostly in the last years”, said executive director of the Foreign Investors Council Doina Ciomag.
Foreign direct investments totalled 7.14 million euros last year, placing Romania 2nd in the region, 13th in the European Union and 70th in the world rankings, depending on the capital flow it drew.
Romania doesn’t have “foreign investment outflows”, meaning that the Romanian companies do not expand in other foreign markets, with Romania being the only European country having posted a negative value at minus 45 million euros in this respect, last year.