Romania. Erste: Crisis continues to hit local exports and investments
2012-06-19 11:42:58
Recession in the euro area will probably continue in the second quarter, affecting Romanian exports and generating tension and uncertainties in Europe that could deter investors, with a negative impact on foreign direct investment in Romania, Erste analysts have said. Foreign direct investment totaled EUR 425 million in the first quarter, down from EUR 444 million in the same period last year. In 2011, foreign direct investment decreased by 13.6 percent compared to 2010, to EUR 1.917 billion, the lowest level in the last nine years.