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Foreign direct investments dropped by 23.3% in the first five months

Foreign direct investments in Romania dropped by 23.3% in the first five months, at 799 million euro, the greatest part being intra-group loans, according to the data announced on Friday the National Bank of Romania (BNR).

Out of the total of investments in the analysed period, the intra-group loans are worth 682 million euro, and the shares to the consolidated capital with net loss estimated represented 117 million euro.

The investments in the first five months covered approximately 43.9% of the current account deficit, which was 1.818 billion euro.

Last year foreign direct investments are worth 2.596 billion euro, dropping by 25.57% against those in 2009, when the level of 3.488 billion euro was recorded.

Foreign direct investments were made in most of the capital shares which were worth 2.94 billion euro, the rest being 556 million euro, representing intra-group loans.

Romania's current account deficit decreases 37.7 percent in first five months of 2011

The balance-of-payments current account registered a 1.818 billion euro deficit in the first five months of 2010, decreasing 37.7 percent compared with the same period of the previous year, mainly due to the 23.9 percent decrease in trade deficit and the 85.8 percent increase in the current transfer surplus, based on the net transfers received by the public administration, according to the data supplied by the National Bank of Romania (BNR).

The current account deficit in the period January-May 2011 was 43.9 percent covered by non-residents' direct investments worth 799 million euros, down 23.3 percent as compared with January-May 2010. Out of the total figure, intra group loans amounted to 682 million euros and equity stakes consolidated with estimated net loss to 117 million euros.

The medium and long-term external debt on May 31, 2011, stood at 74.565 billion euros, representing 78.7 percent of the total external debt, 2.9 percent above the level registered on December 31, 2010.

The short-term external debt on May 31, 2011, totalled 20.154 billion euros, representing 21.3 percent of the total external debt, up 9.3 percent compared with the amount registered on December 31, 2010.

The medium and long-term external debt service ratio stood at 17.6 percent in the period January-May 2011, compared with 33.3 percent in 2010. The goods and services import cover on May 31, 2011, stood at 7.8 months, compared with 8.6 months on December 31, 2010.

Sursa: http://www.actmedia.eu

Tags: percent deficit current billion foreign compared euros euro investments direct first months million external bnr

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