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.
The 16th edition of Les Films de Cannes, the festival showcasing productions awarded or selected at the Cannes film festival, returns this fall to Bucharest and four other cities in the country. The winner of this year's Palme d'Or, Jafar Panahi's It Was Just an Accident, will be screened at the event, as will be […]
Răsvan Angheluţă Natural Sciences Museum in Galaţi is scheduled to reopen on September 20, after the completion of modernization works worth over 15.1 million lei (approximately EUR 3 million) carried out by the County Council through the recovery and resilience facility PNRR. The building hosts an Aquarium, an Astronomical Observatory, a Planetarium, and temporary exhibitions. […]
A team of Romanian paramedics won first place at the World Rescue Challenge 2025, a competition that sees first responders and trauma teams from around the world develop new skills and share knowledge. This year, the competition took place in Karlovac, Croatia, and was attended by two Romanian paramedics from Bucharest who have been working […]
Artmark, one of Romania’s leading auction houses, registered record sales of over EUR 15 million despite economic instability, showing the growth potential of the national art market, according to the company’s 2024-2025 market report. Overall, auction sales totaled EUR 11 million, up 8.2% compared to the previous year, while sales through the “Dependent de Artă” […]
Cybersecurity has become a major global priority, impacting individual users, companies, organizations, and public institutions. Social engineering, deepfakes, digital manipulation, and coordinated geopolitical attacks are fundamentally reshaping how we view the digital future. In this context, DefCamp, the largest cybersecurity and hacking conference in Central and Eastern Europe, reaffirms its role as a strategic hub […]
Romanian airline AnimaWings has received its fifth Airbus aircraft, an A220-300, as part of an ambitious expansion plan to build a fleet of 18 planes by the end of 2027, valued at over USD 1 billion. The A220-300 is the airline’s third of this type and will serve both domestic and international routes. Configured with […]
