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Romanian 1Q FDI At EUR1.46B, Dn 14% On Yr

Foreign direct investments, or FDI, in Romania were down 13.9% in the first quarter, at EUR1.46 billion, from EUR1.69 billion in the same period a year earlier, the central bank said Friday.
Romanian 1Q FDI At EUR1.46B, Dn 14% On Yr
15 mai 2009, 12:17, English

Of the total foreign direct investments in the first three months of 2009, the equity stakes totaled 50.8%, while the net reinvested earnings totaled 9.3%.

The intra-group loans, namely the direct companies’ borrowings from the foreign investor, less the loans extended by the companies to the foreign investor or to another entity within its group, were 39.9% of the total FDI amount in the analyzed period, according to central bank data.

In the January-March period, FDI entirely covered the country’s current account deficit, which was of EUR709 million, 82% narrower on the year.

Last year, Romania attracted foreign direct investments worth EUR9.02 billion, up 24.4% on the year, which financed 53.5% of the current account deficit, according to central bank data.