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Russian Federation’S Investments In Romania: The Case Of Lukoil

Author

Listed:
  • Ion PLUMB

    () (Academy of Economic Studies, Piata Romana 6, Bucharest, Romania)

  • Andreea ZAMFIR

    () (Academy of Economic Studies, Piata Romana 6, Bucharest, Romania)

Abstract

The unusual magnitude of the ongoing economic and financial crisis raises major concerns about the propensity and capability of transnational corporations to continue investing and expanding abroad. This study investigates the Russian Federation’s investments in Romania, with an eye to reveal the reasons to invest in Romania, and the case of Lukoil, as the first private company from the Russian Federation that opened the way for investments in Romania. The findings of this study disclose that Romania is an attractive country for foreign direct investment, and moreover, the oil industry has developed due to Lukoil’s investment in Petrotel refinery. The study was carried out by combining a wide variety of sources, such as statistics, data books, fact books, reports and articles. The results reported in this study may be used as a starting point for further research in the area of foreign direct investment endorsement.

Suggested Citation

  • Ion PLUMB & Andreea ZAMFIR, 2011. "Russian Federation’S Investments In Romania: The Case Of Lukoil," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 3(1), pages 13-26, March.
  • Handle: RePEc:rom:mrpase:v:3:y:2011:i:1:p:13-26
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    Keywords

    Investment; Romania; Russian Federation; Lukoil; Petrotel Lukoil refinery.;

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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