Romania is the first option for companies who plan to invest in South-East Europe, Hungarian publication Budapest Business Journal reports, quoting an Ernst&Young/LLP study. Over 58% of companies involved in the study said they planned to invest in Romania in 2007, with 68% considering the move for the next three years.

The study analyzes the preferences of 200 mostly Western European companies. Its results were presented in Istanbul.

Tukey was named the second best investment target with favorable answers from 49% of companies. Greece, Bulgaria and Serbia were also included in the report.