Foreign direct investments plunged three-fold in Jan-Feb

Foreign direct investment inflows in Romania came down to €466 million in the Jan-Feb period 2010, three-times lower than the same period of last year, and covered a mere 61.8% of current account deficit, data from the National Bank of Romania show.
FDI inflows in Romania stood at €1.326 billion in January-February 2009.

In January 2010, FDI in the country totaled €302 million, which means that Romania attracted only €164 million in February, and the central bank says the whole amount consisted in equity stakes.

Romania’s balance of payments started to pick up in February, and reached €754 million in the first two months this year, on 68.5 percent year-on-year decrease in current transfers surplus, NBR said.

In 2009, FDI inflows in Romania dropped 48.4% year-on-year, to €4.899 billion, and covered 96.9% of the country’s current account deficit. Last year, intra-group loans accounted for 37.4% of total FDI namely €1.834 billion, while equity stakes (including reinvested profit) accounted 62.6% or €3.065 billion.

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