In Romania, the value of foreign direct investment fell 60.42 percent last year to € 1.876 billion in the first eleven months from € 4.740 billion in the same period last year, the Romanian National Bank said on Wednesday, according to MTI.
While the value of foreign capital investment, including reinvested earnings, amounted to € 3.845 billion, € 1.969 billion flowed out of the Romanian economy through intra-group loans.
The balance of direct capital movements vis-à-vis the rest of the world was negative at the end of the first quarter last year, returning to positive territory in June.
The National Bank of Romania also said on Wednesday that its current account deficit had widened by 1.12 percent to € 9.763 billion in the first eleven months of last year compared to the same period last year.
Source: Napi.hu by www.napi.hu.
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