FDI plummet by 43.8 percent in first ten months of this year
2011-12-13 15:47:46
Non-residents’ direct investment in Romania amounted to EUR 1,308 million in the first ten months on 2011, decreasing by 43.8 percent year on year, announced the National Bank of Romania (BNR).
FDI covered 31.9 percent of the curent account deficit in January-October 2011. Out of the total figure, equity stakes consolidated with the estimated net loss amounted to EUR 905 million and intra-group loans totalled EUR 403 million.
In January-October 2011, the balance-of-payments current account deficit amounted to EUR 4,097 million, decreasing by 9.5 percent compared to the same period of last year. According to BNR the decrease was mainly generated by a 12.7 percent drop in trade deficit.
Medium- and long-term external debt at end-October 2011 stood at EUR 74,829 million (77.2 percent of total external debt), 2.6 percent above the level recorded at end-2010.
With regard to the external debt, BNR announced that short-term external debt at end-October 2011 totalled EUR 22,126 million (22.8 percent of total external debt), up 13.2 percent from end-2010. Medium- and long-term external debt service ratio ran at 25.7 percent in January-October 2011, against 33.4 percent in 2010. At end-October 2011, goods and services import cover stood at 7.5 months, as compared to 8.6 months at end-2010.