Foreign direct investment drops by 20 pct in Q1 in Romania

BUCHAREST, May 14 (Xinhua) — Foreign direct investment in Romania declined by about 20 percent in the first quarter of this year, compared to the same period of 2018, announced the central bank on Tuesday.

Non-residents’ direct investment totalled 1.243 billion euros (1.397 billion U.S. dollars) this year in January-March, as against 1.555 billion euros in the first quarter of 2018, according to data released by the National Bank of Romania.

Equity investments, including estimated reinvested net profits, amounted to 854 million euros and inter-company lending recorded a net value of 389 million euros, said the document.

As many as 1,496 foreign-invested companies were established in the same quarter, with a total subscribed share capital worth over 3.9 million U.S. dollars, a year-to-year increase of 9.1 and 127.3 percent in terms of number and investment respectively, reported official Agerpres news agency citing the data of the National Trade Register Office.

According to the office, on March 31 2019, as many as 222,830 foreign-owned companies were registered in Romania, with total subscribed capital of over 63.117 billion U.S. dollars. Dutch investors invested more than 13 billion dollars in Romania in over 5,300 companies, the most among foreign investors. Chinese investors rank the 20th in terms of foreign direct investments in Romania. (1 euro = 1.124 U.S. dollars)

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