Romania 1H FDI Down 42.9% YY To EUR2.89B

Of the total foreign direct investments in the first six months of 2009, equity stakes were 40.9%, while the net reinvested earnings accounted for 9.4%.

Intra-group loans were 49.7% of the total FDI amount in the analyzed period, according to central bank data.

The FDI entirely covered Romania’s current account deficit in the first six months, which narrowed 73.3% on the year to EUR2.37 bilion.

End May, FDI in Romania stood at EUR2.475 billion, a more than 42% drop from EUR4.269 billion in May last year.

In 2008, 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.