FDI adds up to 570 million euro in Q1

Foreign Direct Investments maintain the upward trend, recording a 30.1 percent advance year-on-year in the first quarter in 2014, amounting to 570 million euro, shows a report released today by the National Bank of Romania.

Of the 570 million euro, equity stakes (including reinvested profit) totaled about 514 million, while intra-group loans came to 56 million euro.

Also, at three months in 2014, the balance-of-payment current account posted a deficit of 261 million euro, following a surplus of 6 million euro in the same period last year, on the increase in income deficit which grew by 717 million euro.

Last year FDI hit the maximum of the past four years – 2.71 billion euro - after a growth of almost 27 percent, confirming the positive evolution mostly seen in the second half of the year when exports actually boomed. 

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.

The other year, 2012, was the first signal of emerging from the turmoil the investment sector has been passing through for the past years, the FDI turning on an upward trend, after a significant growth over 2011 – the FDI reached nearly 2.14 billion euro in 2012, whereas with a year ago, it totaled only 1.8 billion euro.