Popovici Nitu & Asociatii

The Mergers and Acquisitions Review — Chapter 57: Romania

Among the very few European countries that succeeded in resuming economic growth relatively quickly after the 2008–2009 financial turmoil, Romania maintains foreign investment attractiveness inherent in its emerging market character and prompted by investment safeguards offered by its EU membership.

Although M&A activity decreased significantly compared with the heyday of 2005–2007, it is generally assumed that the results of year 2011–2012 — showing that Romania attracted less than a €2bn (£1.68bn) volume of overall fresh capital — marked a floor limit and gave encouraging economic signs that there will now be growth.

Regulatory instability, in the public-to-private sectors in general and tax and subsidisation in particular, might endanger future growth prospects, but there are recent, clear signs and political commitments prompting legal framework steadiness…

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