FDI up in Romania in the first 4 months of 2024

0

Get real time updates directly on you device, subscribe now.

Direct investments by non-residents (foreign direct investment – FDI) in Romania totaled 3.230 billion euros, in the first four months of this year, up 34.14% compared to 2.408 billion euros, in the similar period of 2023, according to data published by the National Bank of Romania (BNR).

“Non-residents’ direct investment Non-residents’ direct investmentin Romania totalled EUR 3,230 million (compared with EUR 2,408 million in January – April 2023), of which equity (including the estimated net reinvestment of earnings) and intercompany lending recorded net values of EUR 3,014 million and EUR 216 million, respectively,” says a BNR press release.

The central bank also announced that during January – April 2024, the balance-of-payments current account posted a deficit of EUR 6,576 million, compared with EUR 5,191 million in January – April 2023. The breakdown shows that the deficit on trade in goods widened by EUR 464 million, the surplus on services fell by EUR 651 million, the primary income deficit increased by EUR 791 million, while the secondary income surplus grew by EUR 521 million.

During the same period, total external debt increased by EUR 1,804 million to EUR 171,887 million, of which:

  • long-term external debt at end-April 2024 ran at EUR 126,798 million (73.8 percent of total external debt), up 4.1 percent against end-2023;
  • short-term external debt at end-April 2024 amounted to EUR 45,089 million (26.2 percent of total external debt), down 6.7 percent from end-2023.

Long-term external debt service ratio stood at 16.9 percent in April 2024 against 16.7 percent in 2023. At end-April 2024, goods and services import cover ran at 6.0 months, as compared to 5.6 months at end-2023.

At end-April 2024, the ratio of the National Bank of Romania’s foreign exchange reserves to short-term external debt by remaining maturity came in at 109.1 percent, as against 96.3 percent at end-2023.

DONATE: Support our work
In an ever changing and challenging world, the media is constantly struggling to resist. Romania Journal makes no exception. We’ve been informing you, our readers, for almost 10 years, as extensively as we can, but, as we reject any state funding and private advertising is scarce, we need your help to keep on going.
So, if you enjoy our work, you can contribute to endorse the Romania Journal team. Any amount is welcome, no strings attached. Choose to join with one of the following options:
Donate with PayPal
Donate by Bank Wire
Black Zonure SRL
UniCredit Bank. Swift: BACXROBU
RON: RO84 BACX 0000 0022 3589 1000
EURO: RO57 BACX 0000 0022 3589 1001
USD: RO30 BACX 0000 0022 3589 1002

Leave A Reply

Your email address will not be published.