The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger

Romania  
Rank: 41 · Score: 58.8  

Basic facts, 2020        
Population (millions) 19.3   IPOs and pulic issues (quartile) 3rd
GDP (US$ billions) 248.3   M&A volume (quartile) 2nd
GDP per capita (US$) 12,854.5   Venture capital investments (quartile) 3rd
GDP growth (per cent) -3.9   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 41 82, 85, 86, 83, 84 58.8
1 Economic Activity 34 79, 92, 101, 94, 91 81.5
2 Depth of Capital Market 46 75, 74, 75, 78, 79 57.2
3 Taxation 75 66, 65, 62, 51, 50 89.6
4 Investor Protection and Corporate Governance 49 83, 83, 80, 84, 76 73.8
5 Human and Social Environment 47 71, 71, 73, 77, 78 34.9
6 Entrepreneurial Opportunities 49 75, 77, 78, 78, 76 54.7


 
Historic performance, 2017-2021   Key driver performance, 2021
 

   
VC/PE Rank  
VC Rank  
PE Rank
Romania  
Eastern Europe
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Czech Republic 81.3 55.5 96.7 76.4 40.4 72.1
Estonia 67.5 52.1 98.2 87.7 44.7 61.1
Turkey 77.3 70.6 101.9 67.3 32.4 54.5
Romania 81.5 57.2 89.6 73.8 34.9 54.7
Hungary 79.8 53.8 95.8 64.0 34.0 65.0
Lithuania 70.3 49.5 99.1 81.8 36.5 57.3
Bulgaria 72.8 56.4 87.8 69.0 32.0 55.7
Last updated: 21 Jun 2021