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EY: Romania ranks third in top of most attractive countries in CEE for foreign investments

Romania has surpassed Hungary in the classification of the most attractive countries for foreign investments in Central and Eastern Europe in 2014, ranking third in the area after Poland and the Czech Republic, according to the EY Survey (European Attractiveness Survey).


However, the first two countries in the top are having a dropping tendency in 2014 compared to 2013, while Romania’s attractiveness has grown by 2%. If it continues with this tendency, Romania may surpass the Czech Republic in 2015, becoming the second most attractive country for foreign investors in CEE.


Last year Romania ranked 10th in Europe for the number of jobs newly created through direct foreign investments in 2013, which generated 6,157 jobs, on the drop by 13% against the previous year when direct foreign investments generated 7,114 jobs.Great Britain, France, Poland, Russia and Serbia were on the first positions.


EY points out that Central and Eastern Europe has dropped in the investors’ preferences in 2013, because of a slow economic growth and unstable economic conditions. The region attracted 5% fewer direct foreign investment projects, while the jobs generated dropped by 4%.Direct foreign investments in Europe reached the highest level last year according to European Attractiveness Survey.


The Survey, now at the 12th edition, combines an analysis of foreign investments in Europe with the results of an opinion poll made on a sample of 800 CEOs about the evolution of global investments in the next 10 years.


The poll was made by CSA Institute over February-March 2014 by phone interviews of a representative group made of over 840 international decision makers.