Romania is on the 17th place in the top destinations for foreign direct investments

Romania ranked 17th in the ranking of destinations for foreign direct investments in developing markets, according to the Direct Investment Confidence Index report.

The paper analyzes confidence in future foreign direct investment flows. It was published Thursday by the Global Business Policy Council, the strategic service of management consulting firm Kearney.

The authors of the report emphasize that Romania is the tenth largest EU economy in terms of nominal GDP. Direct foreign investments in Romania increased from 10.6 billion dollars in 2021 to 11.3 billion dollars in 2022.

Foreign direct investment opportunities in Romania include projects in IT, automotive, telecommunications, energy, services, manufacturing, consumer products, banking and insurance. According to the cited source, legislative instability and corruption affect investors’ confidence. The well-trained workforce, natural resources, and efforts to reduce administrative burdens encourage foreign investment. At the global level, for the 12th consecutive year, the United States of America occupies the first position in the ranking of destinations for foreign direct investments. Great Britain moved up one place to 4th place. Germany dropped one place to 5th place and France maintained its 6th place.

Romania is among the newcomers in the top 25 of the second annual ranking of developing markets. In fact, seven of the 25 markets included in the index – Poland, Chile, Romania, Peru, Hungary, Uruguay and Oman – entered the list for the first time.