Significant direct investments up 22% in the first 10 months

Direct investments with a significant impact on the economy, exceeding one million dollars in value, stood at 1.22 billion dollars (985 million euros) in the first ten months of this year, a 22% increase against the corresponding period of last year, according to the Romanian Agency for Foreign Investment (ARIS). “The main factors generating this growth were Romania’s upcoming accession to the EU, which makes investors feel safe, as well as the progression of the main macroeconomic indices: low inflation, increasing GDP, and the growing dynamics of the economy in general,” stated Sorin Vasilescu, manager of ARIS. He explained that Romania was also attractive to foreign investors in terms of classical selection criteria, such as geographical position and the low wage level relative to the skills of the workforce.