Romania 1st in CEE '07 FDI Projects, Ernst & Young Says

Romania 1st in CEE '07 FDI Projects, Ernst & Young Says

Romania ranked first in Central and Eastern Europe and sixth in Europe in Foreign Direct Investments (FDI) projects in 2007, Ernst & Young said in a report. FDI projects in Romania reached 150 in 2007.

In terms of foreign investors' interest on expansion in Romania, the country is ranked third in CEE, after Poland and Russia. Some 10% of major international companies mull investing in Romania, according to the Ernst & Young report, cited by

Investment in the automotive, electronic and electrical sectors accounted for 50.2% of the total number of jobs created in Central and Eastern Europe in 2007.

''The automotive sector remains the source of most investment projects, the number of new jobs opened by automotive companies in 2007 being 28% larger than in 2006, namely about 6,700.

Romania, Slovenia and the Czech Republic remained the main beneficiaries of the automotive sector expansion with projects such as Ford that acquired the Daewoo plant in Craiova where it will invest EUR 675 million and create 3,100 jobs,'' reads the Ernst & Young report.

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