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19% increase in the direct investments with significant impact on the economy during the first seven months
( 03 / August / 2005 )
The engaged investments registered according to the Law no. 332/2001 regarding direct investment with significant impact on the economy reached a volume of USD 750 million and a total number of 56 projects against 40 projects during the same period of the previous year, when the engaged value of the investments amounted USD 628 million. During January to June 2005, the number of projects rose by 16 and their value registered USD 132 million.
Out of the 56 projects registered during January to July this year, 35 projects are Greenfield investments amounting USD 285 million and the rest of 21 projects are Brownfield and their engaged value totalized USD 465 million. Most of the projects are registered by the Bucharest-Ilfov Regional Development Agency.
By July 2005, five of the investment projects exceeded USD 100 million, while other 12 ranged from USD 50 to 100 million, 84 investment projects had values within the range USD 10 – 50 million, the rest up to 395 projects reaching values between USD 1 –10 million.
During October 2001(when Law no. 332/2001 regarding direct investment with significant impact on the economy entered into force) until July 2005, the Romanian Agency for Foreign Investment gather the data from the Regional Development Agencies, and the statistics regarding the country of origin reveals that the Netherlands is of the first position with a value of USD 824 million (representing 20.32% of the total value), second comes France with USD 367 million (9.04%), and the third comes Germany with USD 227 million.
The direct investments with significant impact in the economy are defined by Law. No. 332/2001 as those investments with a value which exceed USD 1 million, made in the forms and ways provided by this law and which contribute to the development and modernization of the Romanian economic infrastructure, determine a positive spin-off effect in economy and create new jobs. Direct investment with significant impact on economy are allowed in all economic sectors with the exception of financial, banking, insurance and re-insurance, as well as the sectors regulated by special laws.
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