ARIS has $720m projects

The Romanian Agency for Foreign Investments (ARIS) is monitoring 13 investment projects worth approximately $720 million that will create 10,000 jobs upon completion. “ARIS’ activity may materialise in new investment projects in the course of time, as the Agency is now debating investment projects that will create 6,000 jobs,” ARIS explains. The Agency registered 206 foreign investment projects through the Regional Development Agencies between October 2001-June 30, 2003. These projects are worth $1.8bn. Romania attracted approximately $750 million in foreign investments a year on the average throughout 1991-2000, lower than in 2001 and 2002 when such investments amounted to $1.3bn. Total foreign investments in Romania between January-May 2003 reached $391 million. ZF