Seven out of ten investors are anticipating an increase in Romania's attractiveness as an investment destination over the next three years, according to an EY study, published on Thursday.Romania firmly maintains its resilient market position, despite a decline in foreign direct investment by 13% in 2023, capturing the confidence of investors who still see its potential, according to the EY Romania attractiveness study conducted in the first part of 2024.According to the study, the year 2023 was marked by nuanced changes and a dynamic development in foreign direct investment (FDI), reflecting a general falling in the number of FDI projects in Europe by 4%.The number of newly created jobs recorded a smaller decrease of 8% (from 6,460 to 5,935 between 2023 and 2022), which means larger projects on average. In Central and Eastern Europe, Hungary performed better, and Romania surpassed Greece and Bulgaria in terms of the number of FDI projects in 2023. In addition, Romania ranks fifth in terms of the average number of jobs created per project, surpassing strong competitors such as Poland.Almost half (46%) of the executive leaders interviewed in the study believe that Romania has remained a robust and resilient market for investments in 2023, mentioning that they plan to consolidate or expand their operations here in the near future.The favourable prospects are recognised by 67% of investors, who foresee an increase in Romania's attractiveness as an investment destination over the next three years. Romania stands out for surpassing Greece and Bulgaria in terms of the number of FDI projects and for ranking fifth in Central and Eastern Europe in terms of the average number of jobs created per project. Access to non-reimbursable financing is considered a decisive factor by 72% of investors. Sectors of interest include software and IT services, electronics, transport and logistics, which dominate in attracting foreign direct investment. The integration of emerging technologies and access to a well-trained workforce are essential, thus strengthening Romania's position as an attractive destination for sustainable investments with significant long-term impact, according to EY Romania official Bogdan Ion.According to the research, Bucharest continues to dominate as the main destination for FDI, with a substantial share of 40%. Iasi and Timisoara got three investment projects each, and Cluj-Napoca and Brasov two each.However, compared to last year's data, this year's investment pattern suggests a departure from the attention traditionally paid to large economic hubs, signalling a wider dispersion of projects across cities.
Several civic organisations held a protest last week targeting the leadership of Romania’s judiciary, after accusing senior magistrates of overstepping their institutional roles, Epochtimes-romania.com reported. The groups - Iniţiativa România, Corupţia ucide,...
The ruling coalition will no longer negotiate with the Superior Council of Magistracy (CSM) and the High Court (ICCJ) on the magistrates’ pensions law but instead will come up with a revised version of the bill by November 18, inviting magistrates’ associations to demonstrate their loyalty by issuing the necessary consultative opinion timely, such to […]
Along with the American investment fund Carlyle, which is said to want Lukoil's assets under a global deal and is already active in Romania through the Black Sea Oil and Gas company as the third largest gas producer in Romania (10%), there are at least two other companies interested, according to Romanian minister of energy […]
Subscriptions under the November 2025 issue under the Fidelis government bond scheme were the weakest in the last six months, signalling a moderation in investor appetite for this form of savings. The state raised only RON 1.3 billion (EUR 260 million), of which approximately two-thirds came from tranches denominated in euros,
The International Monetary Fund (IMF), under its annual Article IV Consultations with Romania, said that the country’s general government budget deficit may drop to 5.8% of GDP in 2026 and suggested further steps for further fiscal consolidation. The Fund’s proposed plan focuses on personal income taxation, which would generate 0.9% of GDP higher revenues by […]
Romania’s current account (CA) deficit widened by 7.5% y/y to EUR 8.8 billion in Q3, despite a slight improvement in the balance of trade in goods (the country’s main source of external deficit), according to data published by the National Bank (BNR). The deficit of the trade in goods contracted by 7.8% y/y (by EUR […]
