FDI double in March, up 55 pct in Q1

Newsroom 15/05/2015 | 14:54

Foreign direct investment (FDI) totaled EUR 885 million in the first quarter, up 55 percent over the same period last year and in March the volume doubled compared to the first two months of the year put together, reaching EUR 476 million, according to National Bank data quoted by Mediafax.

In February compared to January, investments decreased by 63 percent, from EUR 299 million to EUR 110 million.

FDI fell by 10.6 percent last year compared to 2013, to about EUR 2.43 billion from a EUR 2.71 billion peak reached in 2013 after the economic crisis.

In 2013, foreign direct investment increased by 26.8 percent y-o-y, to EUR 2.713 billion, reaching the peak of the past four years, after in 2012 was recorded the first increase since the beginning of the crisis.

The highest level of foreign direct investment was recorded in 2008 and amounted to EUR 9.496 billion.

Between 2003 and 2006 Romania recorded each year increases in foreign investment which reached EUR 5.183 billion in 2004, EUR 5.213 billion in 2005 and EUR 9.056 billion in 2006.

In 2007 there was a decrease of the foreign capital invested in Romania, to EUR 7.25 billion, followed by an increase to the record level in 2008.