FDI in Romania up 3.8 percent in 2012 y-o-y

Non-residents’ direct investment in Romania amounted to EUR 1.44 billion in the first eleven months of 2012, up by 3.8 percent from EUR 1.38 billion reported during the same period of 2011, according to data released today by the National Bank of Romania (BNR).

By comparison, in the first eleven months of 2011, FDI to Romaniahad decreased by 36 percent compared to January-November 2010.

The FDI attracted in January-November 2012 covered 33.9 percent of the current account deficit. Out of the total figure, equity stakes consolidated with the estimated net loss amounted to EUR 473 million and intra-group loans to EUR 967 million.

In January – November 2012, the balance-of-payments current account posted a deficit of EUR 4.24 billion, 18.9 percent lower from the same year-ago period. This was generated by a decrease in the income deficit (by EUR 707 million) as well as to the increase in the services surplus (EUR 263 million) and the current transfers surplus (EUR 86 million), according to the central bank.

Medium- and long-term external debt at end-November 2012 stood at EUR 78.17 billion (78.4 percent of total external debt), 3.0 percent above the level recorded at end-2011.

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Short-term external debt at end-November 2012 totaled EUR 21.5 billion (21.6 percent of total external debt), down 5.7 percent from end-2011.

Medium- and long-term external debt service ratio ran at 31.9 percent in January – November 2012, against 28.8 percent in 2011. At end-November 2012, goods and services import cover stood at 7.2 months, as compared with 7.5 months at end-2011.

Simona Bazavan