Foreign Direct Investment up 1.71pct seven months into 2018

Foreign Direct Investment (FDI) grew by 1.71pct in the first seven months of this year, as compared to the similar period of last year (parked at 2.275 bln euro), to 2.314 bln euro, according to data released by the National bank of Romania (BNR) on Thursday. 

"Of this amount, the capital participations (including the estimated net reinvested portfolio) counted for 2.179 bln euro, and the intra-group loans recorded a net value worth 135 million euro," the BNR release says. 

The number of the newly registered foreign capital companies dipped seven months into 2018 by 4.7pct, against the same period of 2017, to 3,337 units, according to data centralised by the National Trade Register Office (ONRC). 

The 3,337 new companies had a share capital of over USD 36.3 million, up 86pct as compared to same period of 2017. 

According to ONRC, some 479 foreign capital participation companies were registered, most of which in Bucharest (221) and the counties of Timis (34) and Cluj (25). 

In 1991 - 2017, as many as 215,651 foreign capital participation companies were registered, the total value of their share capital parking at over USD 61.3 bln. 

As many as 218,988 foreign capital companies were registered at 31 July 2018, in Romania, most of which, namely 46,555, have Italian capital, but the greatest value of the share capital belongs to Dutch companies, worth USD 12.512 bln. in 5,205 companies.