23 C
July 31, 2021

FDI in companies down by 18 pc in first eight months

The foreign direct investments as contributions to the registered capital of companies registered in Romania totaled EUR 2.7 bln at the end of August, down by 18 per cent compared to the level registered in the same period last year, the National Commerce Registry Office (ONRC) data shows. In August the contribution in foreign-owned companies in Romania stood close to EUR 300 M, down by 13 per cent compared to July back when a volume of EUR 344.6 M was registered. The capital flow in August 2009 is over twice larger than the one registered during the same period last year (EUR 132.3 M). In the first eight months of 2008 the investments totaled EUR 3.2 bln. The financial services, the banking services and the consumer goods services were some of the domains that drew investments in August.

Thus, Bancpost registered the highest investments in August (EUR 107.3 M) with Kai-Kai International Exim being second (EUR 36.3 M). Likewise, Procter&Gamble invested EUR 32.8 M in its Romanian subsidiary, while Eureko Insurances registered investments of EUR 12.5 M. The number of newly set up companies with foreign participation has fallen from 8,445 in the first 8 months of 2008 to 4,864 in the first months of this year. In August only 438 new companies were set up, a number 50 per cent lower than the one registered in the same month last year. The value of foreign investments as contribution to the registered capital of companies registered in Romania totaled EUR 3.9 bln last year, 62.5 per cent higher than the level registered in 2007.

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