Romania, most attractive destination for investments in South East Europe

Romania is the most attractive destination for South East European investments, as it triggers the attention of investments with added value, an Ernst & Young report shows. Thus, 52% of potential investors interviewed within the study indicate that Romania is an attractive destination, as compared with Turkey which received 50% and Bulgaria with 40% of votes.

Other countries in the top five are Greece with 31%, Croatia 28% and Serbia with 19%. Ernst&Young senior manager Fabrice Reynaud said that Romania lost some ground as compared to the previous study. Most investors consider Romania attractive for its low labor costs, varied available skills on the market and its prospects of productivity growth.

Moreover, Romania is ranked first in the regional top due to the high number of foreign direct investments present in the country: some 149 projects in 2006-2007. Romania is closely followed by Serbia with 63 projects, Bulgarian with 60 and Turkey with 40 projects. In terms of the value of the projects, Turkey is ranked first where FDI’s totaled 14.9 billion euro while Romanian projects amount to 7.06 billion euro.