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December 1, 2020
ECONOMY FINANCE&BANKING

Foreign direct investment grows almost 20 pct over Jan – Nov 2017

Foreign direct investment in Romania between January – November 2017 advanced by almost 20 pct from the similar period of the year before to 4.377 billion euro, the National Bank of Romania (BNR) said in a Monday release.

Non-residents’ direct investment in Romania totalled 4.377 billion euro (as to 3.651 billion euro over January – November 2016) of which equity (including estimated net reinvestment of earnings) amounted to 3.502 billion euro, and intercompany lending to 875 million euro net, the document states.

The number of newly set up companies running on foreign capital in Romania increased by 9.8 pct in the first eleven months of 2017 compared to the same period of 2016, reaching 5,392 companies with a paid-up capital of more than 38.19 million US dollars, up 9.5 percent YoY, shows data with the National Trade Register Office.

March was the month with the highest number of registered companies running on foreign capital, specifically 591, while January’s figure was the lowest – with 327 units.

As of end-November the total number of such companies was 215,206, with a total equity capital of over 60.2 billion US dollars. In the ranking by the investors’ country of residence, the Netherlands holds the leading position with 12.2 bln dollars and 5,101 companies, followed by Austria with 7.1 billion dollars and 7,376 companies and Germany with 6.58 billion dollars and 22,064 companies.

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