FDI growth rate drops to 8.7 pct after four months. Current account gap widens

Foreign direct investments in the first four months totaled EUR 785 million, 8.7 percent higher year on year. Q1 FDI totaled EUR 570 million in the first quarter of this year in Romania, a 30 percent growth compared to Q1 2013.

Equity stakes (including reinvested profit) were EUR 705 million and intercompany loans were EUR 80 million, according to a press release from the Central Bank.

FDI totaled EUR 215 million in April, while in the previous month investors brought EUR 290 million in Romania, the highest level registered since the beginning of the year.

Last year, FDI increased 26.8 percent compared to the previous year to EUR 2.71 billion, the peak of the last four years.

Romania’s current account deficit widened to EUR 298 million in the first four months of 2014, from a gap of EUR 241 million a year earlier, largely due to higher income deficit, central bank data showed Friday.

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