Romania Jan-Oct FDI More Than Halves To EUR3.72B

Intra-group loans amounted to EUR1.77 billion of the total FDI in January-October, while equity stakes (including reinvested profit) stood at EUR1.94 billion.

The FDI covered almost the entire current account deficit during January-October.

Romania’s current account gap narrowed 72.2% in the first ten months of 2009 to EUR3.95 billion, from a EUR14.2 billion deficit in the same period a year earlier.

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.