Romania attracted 25 percent less FDI in 2010, says central bank

In 2010 non-residents direct investment in Romania reached EUR 2,596 million about 25 percent less compared with the EUR 3,488 million attracted in 2009, official data released on Friday by the National Nank of Romania (BNR) shows. This covered 50.3 percent of the current account deficit in 2010. For the same year, out of the total figure, equity stakes amounted to EUR 2,040 million and intra-group loans to EUR 556 million.

In 2010 the balance-of-payments current account posted a deficit of EUR 5,158 million, 5.0 percent higher than in 2009. Acoording to the BNR boardm the hike was generated by the increase year on year in income and services negative balances and the drop in current transfers surplus.

Medium- and long-term external debt at end-2010 stood at EUR 72,019 million (79.3 percent of total external debt), 9.5 percent above the level registered at end-2009.

Short-term external debt at end-2010 totalled EUR 18,746 million (20.7 percent of total external debt), up 21.6 percent from end-2009.

Medium- and long-term external debt service ratio4 ran at 32.1 percent in 2010, as compared with 33.9 percent in 2009. At end 2010, goods and services import cover5 stood at 8.6 months, as compared with 8.5 months at end-2009.

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