Romania FDI inflows down 29 percent to EUR 946 mln on seven months

Newsroom 11/09/2013 | 12:04

The National Bank of Romania (NBR) said on Wednesday that non-residents’ direct investments in Romania fell 28.9 percent to EUR 946 million in the first seven months against the same period of last year.

Out of total FDI, intragroup loans amounted to EUR 646 million and equity stakes consolidated with the estimated net loss to EUR 300 million.

Meanwhile, the balance of payments current account posted a surplus of EUR 489 million by July versus a deficit of EUR 3 billion in the same period of last year. This was due to a decrease of EUR 2.2 billion in trade deficit and a surplus of EUR 1.4 billion in services.

According to NBR data, Romania’s medium and long term external debt – accounting for 79.7 percent of total debt – shrank by 0.5 percent to EUR 78.3 billion by the end of July versus the end of 2012. The short term debt fell by 1.3 percent to EUR 19.9 billion.

The medium and long term debt ratio ran at 35.4 percent in the first seven months against 33.5 percent in 2012. The goods and services import cover stood at 7.5 months by July.