Foreign investment 'to boost Romania'
The accession of Romania and Bulgaria to the EU at the start of the year is expected to result in a strong increase in direct foreign investment, as both these countries' markets become open to overseas investors.
Adrian Ciocoi, the Romania-based head of research for the emerging European markets at the Riedel Research Group, speculates that as EU member states, both Romania and Bulgaria will enjoy substantial economic benefits, reports Market Watch.
In the past new EU members have seen sharp increase in foreign direct investment, such as Poland, where investment increased by almost €6 billion (~£4 billion) a year after accession.
It is thought that Romania in particular could be set for a dramatic surge in foreign investment, attracting new investors looking to capitalise on emerging markets.
A number of sectors have been highlighted as offering potentially lucrative investment opportunities, of which property is one of the most attractive. Romania has already seen an increase in property investment as foreign buyers continue to seek out good value deals.
Meanwhile the overall economy is reported to have grown by 7.7% last year and GDP growth is expected to hit 6.4% for 2007.
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