Ford drives hike in car production in Romania
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Foreign direct investment (FDI) in Kosovo increased 26.7% y/y to €90.4mn in the first four months of 2017, central bank data showed on June 30. The four-month figure is equal to 1.4% of projected 2017 GDP.
FDI in Kosovo dropped to €215.9mn in 2016 from €308.8mn in 2015. Last November, the World Bank said that it expects the April 2016 launch of the Stabilisation and Association Agreement (SAA) with the EU to serve as an incentive to boost FDI in the Balkan country.
In January-April, the largest FDI flows went to real estate, renting and business activities (€49.5mn, down 18.3% y/y), financial intermediation (€31.6mn, up 2.6 times y/y), as well as construction (positive €7.1mn, reversing negative €8.8mn in January-April 2016).
The biggest contributions to the y/y increase in total FDI were made by the financial intermediation and construction sectors.
In April alone, FDI in Kosovo was €25.3mn, up from €15.7mn in April 2016.
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