Foreign direct investments attracted by Romania decreased by 21.3%, in the first 7 months of 2024, reaching 3.12 billion euros, according to data from the National Bank of Romania (BNR).
Of this amount, equity participations (including the estimated reinvested profit) totaled a net value of 2.687 billion euros, and intragroup loans recorded a net value of 434 million euros.
The central bank also informs that in January – July 2024, the balance-of-payments current account posted a deficit of EUR 15,178 million, compared with EUR 11,328 million in January – July 2023. The breakdown shows that the deficit on trade in goods widened by EUR 2,531 million, the surplus on services fell by EUR 1,303 million, the primary income deficit increased by EUR 538 million, while the secondary income surplus grew by EUR 522 million.
As for the total external debt, during January – July 2024, it increased by EUR 10,247 million to EUR 180,330 million, of which:
- long-term external debt at end-July 2024 ran at EUR 131,851 million (73.1 percent of total external debt), up 8.3 percent against end-2023;
- short-term external debt at end-July 2024 amounted to EUR 48,479 million (26.9 percent of total external debt), up 0.3 percent from end-2023.
INS published on Monday the data on the country’s trade deficit for the first 7 months, which is 18 billion euros. Food represents almost 10% of total imports. Or, for every 10 euros imported, one is spent on food. 15 years ago, the share of food in total imports barely exceeded 4%. If Romania has deficits of hundreds of euros/inhabitant in food products, Poland, Hungary and Bulgaria have surpluses of hundreds of euros.
Of course, they are sensing that the Party of non disclosure to {Where Did They Get The Money From} for these “investments”, is ending by early 2026 year, when Romania will have to join the Eurozone