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Friday, September 02, 2005

FID reaches 1.5 billion euros in H1

The total value of foreign direct investment into the Romanian economy closed in on the 1.5-billion-euro figure, growing 15 percent as compared with the same period last year, a release of the Central Bank (BNR) informs.

According to BNR in the first six months of 2004 foreign direct investments amounted to 1.29 billion euros.

Taking into account June alone, the value of FDI rose by almost 30 percent, totalling 531 million euros.

According to data provided by the National Office of the Trade Registry (ONRC) the value of social capital foreign companies had, was of 658.3 million euros.

The top five of investors sees the Netherlands in pole position, followed by Austria, France and Germany.

US ranks only fifth while Italy comes in sixth though in June alone 235 of the 1,035 newly set-up firms were Italian.

The Romanian Agency for Foreign Investment (ARIS) announced that this year's target is a FDI level of 3.2 - 3.8 billion euros.

In 2004 FDI amounted to 4.1 billion euros.

Posted by Iulia Rasoiu : 9/02/2005 09:59:00 am