FDI continue dropping: minus 4.3 percent in Q1

Non-residents’ direct investment in Romania amounted to EUR 425 million in the first quarter of this year as compared with EUR 444 million in Q1 2011, announced the central bank. In the first 11 months of last year, Romania managed to attract 36 percent less foreign direct investments.

The balance-of-payments current account posted a deficit of EUR 544 million in Q1, 43.7 percent lower from the same year-ago period. This was generated by a 52.2 percent increase in the current transfers surplus supported by almost one fourth increase in the income balance deficit, according to the same source.

Medium- and long-term external debt at end-March 2012 stood at EUR 76,443 million (77.4 percent of total external debt), 1.1 percent above the level recorded at end-2011.

Short-term external debt at end-March 2012 totaled EUR 22,269 million (22.6 percent of total external debt), down 2.4 percent from end-2011.

Simona Bazavan

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