Romania has attracted larger amounts of foreign direct investment between January 1 and May 31, 2014 compared to the similar period of the previous year, resulting into an advance by 13.9 percent year-on-year. Hence, the volume of direct investment of non-residents in Romania amounted to 1,091 billion euro, as shown in a report released today by the National Bank of Romania. With FDI inflows of 306 million euro in May 2014, Romania maintains the upward trend in terms of FDI which have been increasing since the second half of the past year.
Of the total amount, equity stakes (including reinvested earnings) came to 910 million euro, whilst intra-group loans, to 181 million euro.
Also, at five months in 2014, the balance-of-payment current account posted a deficit of 351 million euro, following a surplus of 191 million euro in the same year-ago period, mainly on the increase in income deficit which grew by approximately 1 billion euro.
Last year FDI hit a four-year high, about 2.71 billion euro, after a growth of almost 27 percent mainly driven by exports which had actually been soaring in the last months of 2013.
Following a steep fall in foreign direct investment in the post-crisis period, 2012, was the first signal of emerging from the turmoil the investment sector has been passing through being reflected by 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.