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Romania 7-Mo FDI Dn 47.9% YY To EUR3.09B

Foreign direct investments, or FDI, in Romania fell 47.9% on the year to EUR3.097 billion in the first seven months from EUR5.948 billion in the corresponding period a year earlier, the central bank said Friday.
Romania 7-Mo FDI Dn 47.9% YY To EUR3.09B
11 sept. 2009, 11:42, English

Of the total foreign direct investments in the first seven months of 2009, equity stakes were 41.2%, while the net reinvested earnings accounted for 10.2%.

Intra-group loans were 48.6% of the total FDI amount in the analyzed period, according to central bank data.

Foreign direct investments entirely covered Romania’s current account deficit in the first seven months, of EUR2.72 billion.

End June, FDI in Romania stood at EUR2.894 billion, a drop of more than 42% from EUR5.076 billion in June last year.

In 2008, Romania attracted foreign direct investments worth EUR9.02 billion, up 24.5% on the year, which financed 53.5% of the current account deficit, according to central bank data.