One of the main goals of the Foreign Investors Council (FIC), the association of large investors with foreign capital, is to encourage foreign direct investment (FDI) in Romania. The FIC analyses the macroeconomic context and proposes recommendations both to stimulate existing investment in Romania and to attract new investment. FIC members are ambassadors of Romania as an FDI destination and frequently organise discussions with the Government and Parliament in order to find the most appropriate long-term measures to develop Romania’s economy and enhance its competitiveness.

In a joint project carried out with the Academy of Economic Studies (ASE) the FIC has been develo- ping applied research analyses focused on the determinants and the effects of FDI in Romania and in the region. The current issue is the third edition of the FDI series1. It focuses on the links between FDI and competitiveness and FDI and sustainability. One important method to help determine sus- tainability is to analyse the share of renewable energy in energy consumption.

The main purpose of the report is to obtain some tentative answers to several questions about FDI, i.e.: How can Romania attract more FDI? What are the sectors and areas Romania should focus on in attracting FDI? How can fiscal policies have an impact on investment? What is the correlation between FDI and sustainability? Is Romania a relevant player in the region when it comes to FDI? As such, this analysis reveals some important directions and findings that could be the starting point for drafting a national strategy on attracting FDI.