Romania 1H FDI Falls 29% To EUR1.83B

Romanian foreign direct investment, or FDI, fell 29% to EUR1.83 billion in the first six months, from EUR2.6 billion in the year-earlier period, the central bank said Wednesday.

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Equity stakes (including reinvested profit) stood at EUR1.4 billion in January to June, while intra-group loans amounted to EUR430 million.

FDI covered half of the country's current account deficit in the first six months of 2010.

Romania's current account deficit widened 50% to EUR3.65 billion in January to June, from a gap of EUR2.4 billion in the same period a year earlier.

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