Let's start on a
positive note from E&Y, with Romania being the 6th most
attractive European country for investors in the next 3 years [Ernst & Young
- 2012 European Attractiveness Survey].
Looks like business leaders across the world consider Romania to be a valuable destination for investments.
If you're wondering which are currently the top investing countries in Romania, KPMG has the answer to this one:
Where is the investment coming from?
Where is the investment coming from?
- Netherlands 32%
- Austria 13%
- Germany 10%
- Cyprus 8% (well, not actually Cyprus, but registered there]
- France 8%
….followed by Italy, Spain, Great Britain, Switzerland, Greece.
Yes, but to which sector is the foreign direct investment going?
By the way, in Europe, the sectors in which were made the biggest investments remain professional services and software production. I work in one of those two.
Romania even has an association, since 1997, named Foreign
Investors Council (FOC) that represents the interests of foreign investors
community and lobby for new measures to attract capital.
But then there’s the negative note.
Between 2007 and
2010, the number of companies with foreign capital established in Romania
dropped by 60%, from 15,700 to 6,300 [2010], says the Trade Register.
In Romania, the foreign direct investments value was at its best
in 2005-2008 with €19 Billion, while now it's less than €2 Billion.
Only 42 of the
companies in Fortune Global 500 have established their presence in Romania. Looking
at the investors’ countries from a different perspective, let's see from which
countries we attracted Fortune 500 investors:
- France
- Germany
- SUA
- Italy
- Japan.
I plan, for one day, to track the Romanian investments and see where the companies headquartered here chose to open subsidiaries.
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