FDI to Romania drops 37 pct in Jan-May 2013

Newsroom 12/07/2013 | 12:35

Non-residents’ direct investment in Romania in the first five months of 2013 amounted to EUR 414 million, down from EUR 656 million in January-May 2012, according to estimates from the National Bank of Romania (BNR). This marks a 37 percent drop y-o-y.

Out of the entire figure intragroup loans amounted to EUR 329 million and equity stakes consolidated with the estimated net loss to EUR 85 million.

The government previously announced it wants to attract at least EUR 10 billion in FDI by the end of this year in sectors like energy, agriculture, industry and infrastructure.

For the same time period, Romania’s balance-of-payments current account posted a surplus of EUR 314 million as compared with a deficit of EUR 2.3 billion in the first five months of 2012. This was generated by the decrease in trade balance and income deficits (by EUR 1.5 billion and EUR 502 million respectively) and to services going into surplus (EUR 783 million, from a deficit of EUR 18 million), according to the same source.

Medium- and long-term external debt at the end of May 2013 amounted to EUR 79.5 billion (79.5 percent of total external debt), up one percentage point compared to the level recorded at end-2012.

Short-term external debt at end-May 2013 totaled EUR 20.5 billion million (20.5 percent of total external debt), up 1.1 percent from end-2012.

Simona Bazavan

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