Romania sixth most attractive European country for foreign investment, says E&Y
Romania will be the sixth most attractive European country for investment over the next three years, according to 840 business leaders surveyed by the consulting company Ernst & Young (E&Y) in the European Attractiveness Survey 2012 report July 2012 - From the Print Edition
The country outperforms the Czech Republic, Turkey, Switzerland, the Netherlands, Italy, Spain and Sweden.
“Romania has the advantage of promising GDP growth rates compared to Europe’s average, and valuable human capital. We are seeing more and more investors attracted by the renewable energy sector. More privatizations are planned in the future, encouraging investors worldwide to look to our country. It is essential to stimulate positive development through an appropriate economic strategy,” said Bogdan Ion, country managing partner at Ernst & Young Romania, in a statement.
The top five countries in the ranking are Germany, Poland, the United Kingdom, Russia and France. The study is based on methodology that includes an analysis of the number of foreign investment projects in 2011 and a soft analysis of the perception of the attractiveness of European countries for foreign investment.
The US remains the largest investor in Europe, with 1,028 developing projects, which represent 26 percent of the total. The number of investment projects developed by the US increased by 6 percent in 2011, reaching the highest level registered by the Ernst & Young survey in the last 10 years.
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