65 investments worth over $1m, FDI climbs 12.09%

Sixty-five investment projects exceeding $1 million were logged in the first eight months of the year, with the total value amounting to $633.6 million.

According to the Romanian Foreign Investment Agency (ARIS), the value of foreign direct investment has increased 12.09% since the year-ago period.

Since the enforcement of the law on direct investments with significant economic impact (stipulating incentives for the businesses exceeding $1m), 220 investment projects have been submitted, totaling $1.8 billion. Foreign investment amounts to $1.01 billion, accounting for 53.6% of the total amount.

According to data released by ARIS, there was only one investment project exceeding $100 million in this period. In terms of value, nine investments between $50-$100 million were recorded, 37 investments ranged between $10-$50 million, while the rest ranged from $1 million up to $10 million.

By the end of August, 79 of the submitted projects had been carried out, totaling $644.9 million.

The main fields that attracted investment projects comprise telecoms – $334 million, the energy industry – $332 million, auto industry with $134 million, and the wood, cellulose and paper industry – $157 million. Most of the projects (105) were recorded in the Bucharest-Ilfov Development Region, accounting for $980 million, namely 51.63% of the total. The list also comprises Alba, Brasov, Covasna, Harghita, Mures and Sibiu counties, which registered 43 investment projects, amounting to $341 million.
miruna.lebedencu@zf.ro