Foreign direct investments down in first quarter in Romania

Romania's foreign direct investments stood at EUR 379 million in the first quarter of the year, down by 22 percent on the same period of last year, according to data from the Romanian Central bank (BNR). Intra-group loans were up to EUR 290 million, while the participation to social capital was of EUR 89 million. The FDI covered only 59.8 percent of the current account deficit during the first quarter of the year, which stood at a total of EUR 634 million. The current account deficit in the first quarter of 2010 was of EUR 1.5 billion. editor@romania-insider.com