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Bucharest
December 1, 2022
BUSINESS

FDI up 30 pc in Q3

Foreign direct investments (FDI) amounted to EUR 1.109 bln during the first nine months of the year, up almost 30 pc against the similar interval of 2011, according to data made public by the National Bank of Romania (BNR) yesterday, in a press release. Equity stakes consolidated with the estimated net loss amounted to EUR 556 million and intra-group loans to EUR 553 million. During January-September 2011, the direct investments made by non-residents totaled EUR 861 M, according to revised data. Investments financed 30.2 pc of the current account deficit worth EUR 3.67 bln. The FDI attracted by Romania were on a decreasing trend since the end of 2008 and in 2011 they reached a minimum for the last 9 years, under the level reached in 2003, of EUR 1.946 bln.The same BNR report reveals that in Q3 the current account of the balance of payments posted a deficit 23.2 pc lower than a year ago, driven by increases in the sector of services, current transfers and incomes. The trade deficit from exchanges of goods advanced from EUR 5.2 bln in September 2011 to EUR 5.4 bln, but the evolution was compensated by the surplus of transfers and services, and by a smaller negative imbalance in the incomes chapter. Current transfers registered a deficit increase of EUR 320 M and the balance of incomes posted a deficit decrease of EUR 624 M.The current account deficit in January-September 2012 was 30.2 pc financed with direct investments made by non-residents. The medium and long-term debt at September 30 stood at EUR 77.5 bln (78.2 pc of the total external debt), 2.1 pc above the level recorded at end-2011. The short-term external debt reached EUR 21.57 bln (21.8 pc of the total external debt), down 5.4 pc from the end of last year. The current account of the balance of payments closed last year with a deficit of EUR 5.86 bln, up 3 pc against 2010.

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