__2.png)
Ford drives hike in car production in Romania
1 day ago
Romgaz completing the takeover of the Bahamas-registered ExxonMobil Exploration and Production Romania Limited for nearly €1bn in August reversed the direction of net FDI and made Romania a net foreign investor as the FDI outflows surpassed the inflows.
The net outflows of FDI from Romania amounted to €97mn in August, according to data from the National Bank of Romania (BNR).
This happens very rarely and almost always as a result of accounting effects — reinvested profits registered at different dates, or flows of loans between foreign investors and local subsidiaries.
In August this year, however, the investments by Romanian residents (mainly Romgaz) abroad amounted to €946mn while investments by foreign residents in Romania were only €849mn.
As a result, the 12-month FDI to Romania dropped to €9.88bn in August from €10.57bn in July but was still almost double compared to €5.83bn as of August 2021.
Out of this, genuine FDI — namely equity investments — amounted to only €117mn.
The rest was either reinvested profits (€5.39bn) or loans taken by local subsidiaries of foreign groups (€4.37bn).
Related Content
Data
Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Russia’s $13.4bn current account surplus in March second highest since 2007
Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
Most Read
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
1 day ago
-
COMMENT: Armenia's decisive turn towards the West
23 hours ago
-
US senators seek closer ties with Western Balkans to combat Russia's 'malign influence'
1 day ago
-
AI and cybersecurity to drive CEE tech sector
1 day ago
-
Remittances come to the rescue of Lebanon’s battered economy
18 hours ago
-
Iran vs Israel: Who is better equipped for war?
5 days ago
-
Saudi Arabia to scale back plans for Neom city
9 days ago
-
BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
5 days ago
-
PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
6 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
Russia could pay off its entire external debt tomorrow, in cash
19 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
24 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
29 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
22 days ago