Romania attracts 25 billion euros in investments over two years
In a significant boost to its economy, Romania has successfully attracted 25 billion euros in investments over the past two years. This surge includes 109 foreign direct investment projects recorded last year, marking a 16% increase from the previous year.
These investments have not only fueled economic growth but also generated 5,710 new jobs across various sectors. A notable portion of this investment has gone into energy, exceeding 10 billion euros, which positions Romania as a potential leader in natural gas production within the European Union.
The Neptun Deep project, approved in 2023 by OMV Petrom and Romgaz, is a significant contributor to this energy landscape. With an estimated value of 4 billion euros, it aims to tap into reserves containing approximately 100 billion cubic meters of natural gas. The first commercial extractions from Neptun Deep are anticipated in 2027, with a projected annual output of around 8 billion cubic meters, catering to Romania's annual gas consumption needs.
In addition to energy, several solar and wind projects are on the horizon. The Călugăreni photovoltaic park will utilize 227,240 bifacial panels, generating over 193 GWh annually and serving 48,500 households while preventing the release of approximately 116,000 tons of CO₂ each year. Meanwhile, the Dama Solar park in Arad, estimated at around 1 billion euros, will have a total installed capacity nearing 1,240 MWp DC.
The commitment to renewable energy is further underscored by the European Bank for Reconstruction and Development's support for a 315 MW wind farm in Constanța, alongside a 150 million euro scheme approved for new battery storage capacities.
Romania's mining sector is also set for growth, with Mineral Proiect Invest initiating procedures for a mining operation in Sibiu, targeting a rock deposit estimated at 50 million tons. Additionally, the National Salt Company holds a renewed license for graphite extraction, reflecting the diverse investment landscape.
In the manufacturing sector, companies like Rheinmetall and Nokian Tyres are making significant strides. Rheinmetall's investment of 626 million euros will produce essential artillery components, while Nokian Tyres is set to create the world’s first zero-emission tire factory in Bihor, employing 550 people.
With investments surpassing 2 billion euros from both Bosch and Ford Otosan, the automotive sector continues to be a key contributor to Romania's GDP, highlighting the country's growing importance as a hub for various industries.