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Wednesday, February 22, 2006

Foreign Direct Investments at 5.1 billion euros in 2005

The FDI level boosted 26.8 percent in 2005 compared with the previous year, 5.19 billion euros, according to data of the National Bank of Romania (BNR).

The Romanian Agency for Foreign Investments (ARIS) believes that the FDI volume attracted by Romania in 2005 represented a record, even if the privatization of the Romanian Commercial Bank will be cashed in this year.

The government sold 61.88 percent of the bank to Austrian Erste Bank for 3.75 billion euros.

Last year, the total foreign direct investments amounted to 5.18 billion euros, but the 0.3% difference is irrelevant since the data for 2005 is provisional, according to ARIS.

The draft data for 2004 reveals a total FDI of 4.098 billion euros.

The structure of foreign investments in Romania will considerably change in the years to follow as the state capital still to be privatized is running low

Greenfield investments will have an increasingly more important share in the structure of foreign direct investments as the rate of privatizations slows down.

Posted by Iulia Rasoiu : 2/22/2006 02:10:00 pm