Foreign Investment Rises by 45%

The entire volume of foreign investment in Romania reached 1.752 billion dollars, with a number of 43,219 joint ventures, according to the latest information released by the Romanian Agency for Development.

In the first four months of the year, the volume of investment rose by 45%, compared with the same period of the previous year.
Among the newly created collaborations are Shell Gas Romania (oil), Citibank Romania and International Commercial Black Sea Bank (banking).
From the point of view of the territorial repartition, the foreign investment in Romania is continuing its trend of previous years by maintaining a high profile in Bucharest (approximately 66% of the invested capital, and approximately 82 of the number of newly set up companies). Foreign investment was recorded mostly at Timis (8.66%), Arges (6.7%) and Alba (3.23%) Counties.

The investments between January 1 and April 30, 1996, stand for the priority granted to the commercial sectors (28.899%), food industry, (19.27%), tourism (5.94%), mining (5.78%), machine building (5.17%). The main group of investor countries is OECD. If we take into account Romania's geographic location, foreign capital investment comes predominantly from the following sources: Western Europe (73%), Asia (6%), North America (14%), the Middle East (3%).