Romania: FDI Reaches EUR 2.3 Billion in First Four Months

22. Juni 2006, 00:00

In the first four months of the year, foreign direct investments (FDI) increased by 130 per cent  to EUR 2.3...

In the first four months of the year, foreign direct investments (FDI) increased by 130 per cent  to EUR 2.3 billion, against EUR 1 billion reported for January-April 2005, the National Bank of Romania (BNR) reports on Thursday, May 22.

In April alone, FDI totaled over EUR 600 million, as against EUR 246 million in the corresponding month of last year, reads a BNR communiqué.

Authorities forecast for 2006 an FDI level of EUR 6.2 billion, a value that does not include the revenues from privatisation of the Romanian Commercial Bank (BCR) sold to Austrian Group Erste in December 2005 and of the National Savings Bank (CEC). The finalisation of the BCR sale was postponed by the cabinet in Bucharest on Wednesday to September 21.

The total amount of foreign direct investments in Romania may exceed EUR 9 billion this year, including revenues from the BCR and CEC sale.

Provisional BNR data for 2005 indicated total FDI of EUR 5.2 billion.

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