Ernst&Young : Romania ranks 6th in Europe for number of DFI projects
ACT Media – news agency - 19 Iunie 2009
Romania ranks sixth in Europe for the number of DFI projects and for that of new jobs created in 2008. Direct Foreign Investments in Europe stagnated in 2008, according to the annual poll for investment activity published recently by Ernst & Young company.
Now at the 7th edition, the poll examines the values of foreign investments in Europe both for new projects and expansions through DFI.The five years of sustained growth of direct foreign investments in Europe ended in 2008, said Marc Lhermitte, a partner of Ernst & Young and author of the report. Once incomes dropped and exploitation expenses grew, investment projects were re-dimensioned and reduced, some of them being stopped. Many companies suspended their plans of geographic expansion of markets and purchases. The number of DFI projects did not have a spectacular evolution in Romania, registering only a slight drop from 150 in 2007 to 145 in 2008.
Compared to other countries, (Hungary -26%, Belgium 19%, Spain 18%) in Romania the negative evolution was only 3% in 2008 against 2007. But there were also positive evolutions in Italy +39%, Ireland +35% and Germany +28%.Referring to the number of newly created jobs through DFI, in Romania there were 11,403 jobs in 2008 compared to 12,464 in 2007 (-9%). Important positive evolutions for this segment were in Bulgaria +117%, Germany +91% and Ireland +56%, the negative ones being registered in the Czech Republic -63%, Slovakia -57% and Serbia -44%.
The real image of the way in which global recession affected foreign investments will come out in 2009. Investment decisions for 2008 had been taken before the moment of the beginning of crisis, which explains why in 2008 Europe registered as many direct foreign investments as in the previous year. A different story is expected for 2009.
Sursa: http://www.actmedia.eu
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