Q1 FDI inflows drop to �754 million

Q1 FDI inflows drop to �754 million

Foreign direct investments in the three-month period ending March 31 totaled €754 million, down by nearly 50% from €1.47 billion in the same period of last year, according to data from the National Bank of Romania.

Equity stakes, including the reinvested profit totaled €650 million, from €993 million in the same period of last year.

The total value of intra-group loans also dropped markedly from the first quarter 2009, to €104 million from €482 million.

Foreign direct investments covered approximately 50% of current account deficit.

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