FDI should increase to EUR 5.8 billion in 2014, says the government

Romanian FDI should increase to EUR 5.8 billion in 2014 from EUR 3.6 billion predicted for this year, according to the government’s draft convergence program for 2011-2014 cited by Mediafax newswire.

After decreasing by 25.6 percent in 2010 against the previous year, FDI covered 54.3 percent of the country’s current account deficit. This year, FDI inflows should cover nearly 64 percent of the current account gap, according to the government’s estimations.

Romania’s convergence program is subject to annual revisions and will be sent to the European Union pending government approval.

Simona Bazavan

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