Romania ranks sixth in Europe for jobs created by foreign direct investments

A growth of 17 % compared to 2014 placed Romania on the 6th place in Europe when it comes to jobs created by foreign direct investments (FDI). In 2015 there were 12 000 jobs created by FDIs, according to Ernst & Young European Attractiveness Survey 2016.

FDIs in Europe reached their historical maximum – 5.083 projects that generated 217.666 new workplaces. Western Europe is still the most attractive hub, with 77 % of the projects, out of which 51% are hosted by UK, Germany and France. Central and Eastern Europe attracted 69% of the production FDIs and generated half of the jobs.

The intra-European projects dominate among the FDIs with 54% of the total and 108.543 jobs created. Outside Europe, the leading country investing here is the USA, with 1.193 FDI projects and 58.437 jobs, whereas ASIA, 735 projects and 37.215 workplaces.

Production remains one of the most attractive domains to attract FDIs. Romania has 51 projects, registering a 21% growth, after Poland, Turkey, Hungary and Serbia, and the most important sector for us remains the automotive.

Brexit has forced investors to face uncertain challenges, but it is highly unlikely that the legal basis the financial sector in London relies on, changes. In this case, it looks like Dublin is the next destination for financial services, according to Bogdan Ion, Country Managing Partner EY Romania.

by Mihaela Constantin