Romania is the top choice for companies seeking to invest in southeast Europe, according to a survey conducted by Ernst & Young LLP.
58% of companies surveyed said they considered Romania a good place to invest in 2007, and 68% said it will be a prospective investment location within three years, according to the Ernst & Young LLP survey. The study interviewed 200 companies, most of them from west Europe, and the results were announced at a press conference in Istanbul today. Turkey was picked as the second-best southeast European country to invest in this year, with 49% saying it was a good choice, the survey found.
The other countries included were Greece, Bulgaria and Serbia. Romania and Bulgaria joined the European Union this year, more than two decades after Greece was admitted. Turkey isn't expected to join the Union for at least a decade, after starting membership talks in 2005, and Serbia hasn't been awarded candidate status. Almost one-third of potential investors in Turkey, which holds presidential and parliamentary elections this year, said political stability is the key for Turkey to realize its investment potential, the survey found. (Bloomberg)