Tuesday, October 1, 2013

Foreign Investment in Romania on the Rise

As Enescu & Cuc is an international law firm with over 90% of the clients being foreign investors in Romania, we are keeping an eye out for news related to the level of foreign investment in the country. It seems that for the first time since 2008 foreigners have an increased interest in Romania, an article published in the Romanian press.

Net foreign direct investment in Romania last year rose for the first time since the crisis began, the advance was 18.7% to 2.138 billion euros, according to final data released by the central bank and the INS, while initial estimates showed a decrease of 11% compared to 2011.

Foreign direct investment reached late last year to 59.126 billion euros, of which 39.3 billion euros equity, including reinvested earnings (66.4%) and EUR 19.86 billion net credit received from investors foreign (33.6%).

The top activity which has attracted the funds was the industry sector. In addition to industry activities that have attracted foreign investments are financial intermediation and insurance (18.5% of total), retail and wholesale (11.4%), construction and real estate (9.2%), technology information and communications (4.8%).

The top four countries by the share of total investment are the Netherlands (22.4%), Austria (18.5%), Germany (11%) and France (8.9%), hierarchy unchanged from 2009.

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