Friday, February 13, 2009

FDIs in Romania up in '08

Source: balkans.com
13. February 2009.

Foreign direct investments (FDIs) in Romania grew an annual 24.45% to 9.024 billion euros in 2008 covering 53.5% of the current account deficit, the central bank, BNR, reported.

Foreign direct investments (FDIs) in Romania grew an annual 24.45% to 9.024 billion euros in 2008 covering 53.5% of the current account deficit, the central bank, BNR, reported.

In 2007, FDIs totaled 7.251 billion euros, covering 43.5% of the deficit.

Half of investments were capital holdings and reinvested profits, with the remaining 49.9% in the form of intra-group credit, BNR said.

FDIs advanced 4.4% in December. In January-November they covered 54% of the current account shortfall.

The current account deficit widened by 1.2% in 2008 to 16.877 billion euros.

Analysts have forecast a decline in FDIs in 2009 due to spillover from the global credit squeeze.

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