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Foreign investments
A more stable macroeconomic environment and expectations due to the Romania’s EU membership, the Foreign Direct Investment (FDI) has grown significantly in the last 3 years.
At the institutional level, the Austrian funds are by far the most aggressive, with Europolis, Immofinanz and CA Immo already over their second transaction and on the lookout for a third. As Romania’s investment profile improves internationally, increasing numbers of the more conservative French and German, Israel, Spanish, Greek and UK institutions have commenced significant investment on the market. According to a classification of companies by foreign direct investment by the investors’ countries of origin published by The National Trade Register Office at 30 September 2006, the top ten investors are: Nederland (Euro 3 billion), Austria (Euro 1.9 billion), France (Euro 1.9 billion), Germany (Euro 1.38 billion), Italy (Euro 798 million), Great Britain (Euro 669 million), USA, Antilles, Cyprus and Greece.
With the privatization of the national oil company Petrom, the power utilities Electrica Dobrogea, Electrica Banat, Distrigaz Sud, Distrigaz Nord, and the biggest Romanian bank, BCR, Romania has already complied with key demands of the status of a functioning market economy.
The economic prospects for the years ahead remain favorable and Romania will be able to sustain its previous years of dynamic growth in the coming years.
For more information: http://www.fic.ro/ |