Foreign Direct Investment in Romania see 23.5 pct growth in January 2015

Foreign direct investment (FDI) in Romania went up by 23.5 percent in the first month in 2015 compared to January 2014, amounting to 299 million euro according to a report released by Romania’s Central Bank.

The level of FDI in January 2015 was similar to the volume recorded in the previous month which was only marginally higher (304 million euro).

Of the 299 million euro, equity, including estimated net profit totaled 178 million euro and intra-group loans came to some 121 million euro.

In January 2015, the balance-of-payment current account posted a surplus of 554 million euro, more than double than a year ago, amid the widening of the primary income and services surpluses (by 132 million euro and 83 million euro, respectively), the narrowing of the goods balance deficit (by 55 million euro) and the secondary income balance going into surplus (32 million euro).

Last year FDI declined to 2.43 billion euro, down 11 percent from 2.71 billion euro in 2013, the last five years' peak.

The high-record level in terms of foreign direct investments was reached in 2008 - almost 9.5 billion euro. Since then, the economic crisis has strongly affected these investments volume which have decreased year-on-year.