Romania’s FDI up 45 pct in first two months y-o-y

Foreign direct investment (FDI) in Romania totaled EUR 409 million in the first two months, up 45 percent against last year’s similar period, of which equity (including estimated net profit) amounted to EUR 358 million and intercompany lending to EUR 51 million, reads a press release issued on Friday by the National Bank of Romania (BNR).

On the other hand, according to Mediafax, the increase registered this year is higher than the one reported in the first two months of 2014, when investments saw a 35.6 percent growth over the period January-February 2013. Moreover, in February against January investments decreased by 63 percent from EUR 299 million to EUR 110 million.Also, foreign direct investment fell by 10.6 percent last year compared to 2013, to about EUR 2.43 billion from the EUR 2.71 billion peak reached in 2013 after the economic crisis outbreak.

Romania’s central bank also reveals that long-term external debt at end-February 2015 stood at EUR 74,560 million, 79.6 percent of total external debt, down 1.5 percent from end-2014.

Short-term external debt at end-February 2015 amounted to EUR 19,066 million (20.4 percent of total external debt), up 2.6 percent from end-2014.

In the period under review, the total external debt declined by EUR 676 million.

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Staff