More than 500m euros in foreign investment

The Romanian Agency for Foreign Investment (ARIS) is currently providing assistance for four investment projects related to the production of photovoltaic equipment, totally worth 445m euros, which are likely to create 1,650 jobs in the future production units. “Investments in the sector of renewable energy account for more than 70% of the total investment projects currently assisted by the agency,” Sorin Vasilescu, an ARIS director, told ZF. Domestically, there are few producers of photovoltaic solar panels used to convert solar energy into electricity. Representatives for ARIS did not mention the future locations of the four projects.