Foreign direct investments in Romania plunge 53% in the first eight months, to EUR 3.15bn
NewsIn - 13 Octombrie 2009
Romania saw foreign direct investments (FDI) fall by 53.1 percent in the first eight months versus the same period in 2008, being still 29 percent larger than the current account deficit, according to data published by the central bank (BNR).
FDI amounted to 3.154 billion euros after the first eight months.
Romania's balance of payments gap reduced 78.6 percent in the first eight months to 2.449 billion euros, on a significant shrinkage of the commercial gap and on a high surplus of the current transfer balance.
Intra-group credits accounted for 53.6 percent of the FDI during January - August, while capital participations, including the reinvested profit, for the remaining 46.4 percent.
In the first seven months, the foreign direct investments had dropped 48 percent on the similar period of 2008, to 3.097 billion euros, being 14 percent larger than the current account gap for the same interval.
Last year, FDI in Romania rose by 24.5 percent to 9.02 billion euros, covering 53.5 percent of the current account gap.
Sursa: http://www.newsin.ro
Tags: percent
eight
months
foreign
first
direct
investments
romania
bnr
facebook
twitter
linkedin
youtube
rss
newsletter