The pandemic has wiped out most of the economic growth of economies all around the globe in 2020. Although Romania was also hard hit by the Covid-19 epidemic, the local economy performed better than its European peers last year and is expected to also outperform them in 2021 with an over 7% estimated growth. Naturally, FDI levels, which already stalled for years, were at a record low, but as the new normality took over we can see a steep growth of FDIs in the first five months of 2021, up to 320%.
The fiscal and monetary measures adopted by the Romanian authorities to help businesses cope with pandemic effects certainly helped the recovery and it seems that the local economy still offers opportunities for foreign investors. There are plenty of signs that make Romania a destination for FDIs – consumption is on the rise, the real estate sector yields are still good, the local share trading market is growing. At the same time, we cannot overlook warning signs like depletion of qualified workforce, rising prices of energy, the public debate on suspending fiscal facilities for key industries, or even the everlasting political crisis.
In order to better understand where do we stand and what are the hopes and concerns of foreign investors in Romania, we gathered the most important representatives of big companies, consultants, legal advisors, and strategic foreign investors in the Romanian economy to debate over key topics at the 8th Edition of Foreign Investors Summit organized by Business Review Magazine.