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Foreign investment could rise 30 percent Jan through Sept

25 august 2008

Information in English

 
Investment in the Romanian economy will rise some 30 percent in the first nine months this year, compared with the same period last year, according to a study for Q3, made by the National Prognosis Commission (CNP), on a representative sample of businesspeople from all the industrial branches.
For Q3, a 22 percent rise in the volume of investment is expected.
 
Minister of Economy and Finance Varujan Vosganian told a press conference on August 21 that he hopes that at the end of the year Romania will register foreign direct investment worth over 10 billion euros.
According to Vosganian, Romania reported in H 1 this year a 35 percent raise in investment, from the same period last year, a record value in the European Union.
 
The Romanian Agency for Foreign Investment (ARIS) said the volume of foreign direct capital drawn in the economy Jan through June stood at over 4.75 billion euros, up from the 3.5 billion euros in H1 2007.
Compared with H 1 2004, when foreign direct investment stood at 1.2 billion euros, the increase was almost four times.
 
In this context, Romania keeps and consolidates its position as leader in drawing foreign direct investment in South-Eastern Europe, it is expected to exceed eight billion euros in 2008. In H 1, Romania drew 62.6 percent of the region’s estimated total.

 

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