Saturday, 01 July 2017 14:04

The Reality in Romania Exposes False Perceptions of the Country

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In 2015, foreign companies invested almost $3.4 billion in Romania, which is also the average FDI that the country has attracted in the last four years, according to the World Investment Report 2016. In 2016, Romania is expected to be the EU’s fastest growing economy. Will that growth help the country increase FDI into the country?

Manuel Costescu, Secretary of State at the Ministry of Economy of Romania, is responsible for foreign direct investment as the Head of InvestRomania. He talked to Andrew Wrobel about the country’s new investment promotion strategy, Romania’s key sectors and the successes the country has achieved in fighting corruption and improving its business climate.

For a few years Romania didn’t have an investment promotion agency, a designated portal to inform prospective foreign investors about opportunities in the country. Why has this changed now?

Well, first of all, I believe that reality in Romania is ahead of people’s perception of the country.

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