Romania FDI inflow drops 22% YY in first quarter, to EUR 379 mn
ACTMedia - 17 Mai 2011
Romanian foreign direct investment, or FDI, dropped 22% to EUR379 million in the first quarter this year, from EUR486 million in the same period a year earlier, the central bank said Monday.
Intra-group loans amounted to EUR290 million, while equity stakes (consolidated with estimated net loss) stood at to EUR89 million.
Romania's current account deficit widened to EUR634 million in January-March, some 2.5 times less than in the same interval of the previous year, but 14 times higher than the trade gap posted in January-February. The trade balance posted a deficit of EUR455 million, from EUR1.287 billion in January-March 2010. Moreover, the current transfers surplus rose to EUR729 million in the first two months from EUR434 million in the same period a year earlier.
The current account deficit was 59.8% covered by foreign direct investment, namely EUR379 million.
Romania's total external debt reached EUR91.8 billion at the end of February, up from EUR90.8 billion in December 2010, according to central bank data.The medium and long-term debt stood at EUR74.3 billion, from EUR72.1 billion at the end of 2010. The short-term debt was at EUR19.126 billion, from EUR18.7 billion in December last year.
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