ARIS estimates EUR 7 bln in FDI for 2008-2013

December 12th, 2007

ARIS estimatesThe Romanian Foreign Investments Agency (ARIS) has monitored investment projects that amount to around EUR 3 bln with projects worth around EUR 1 bln coming into being up to this moment, Monica Barbuletiu, ARIS Vice-President, has stated during a press conference, according to Rompres.

‘In 2008 we intend to attract investors from outside the EU, from countries such as India, China, Japan, Korea, Turkey and Israel. The estimated value of annual foreign investments in Romania will top approximately EUR 6 bln in the 2008 to 2013 period. The energy sector, the constructions sector, the pharmaceutical sector and the telecommunications will be the privileged domains,’ Sorin Vasilescu, director within ARIS, has stated.

Currently some areas in Romania, such as Satu Mare, Arad, Cugir and Baia Mare, are considered ‘closed’ for investors because of the labour shortage and the shortage of available plots of land there. ‘There are areas that have been exploited but also areas that could not offer investors the conditions needed to start an investment there. Harghita, Covasna, and especially areas in Western Romania are among those. The areas in the East fare worse. In 2007 Iasi and Botosani have been promoted. We are trying to attract investments in Alba, Hunedoara, Sibiu,’ Barbuletiu said.


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